IRAs

With accounts now often reaching seven figures, estate planning expert Natalie Choate delved into the complexity of the increasingly important tool.

In one case, a 6-year-old owed $7,000 in federal taxes two years after his father, a U.S. Navy senior chief petty officer, died of a heart attack.

With longer life expectancies leading to increased health care spending later in life, experts are second-guessing the 10% savings rule.

“People didn’t want to use up their estate tax exemption,” but that has changed as a result of the new law, an expert says.

A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.

When financial emergencies compel early withdrawals from clients' retirement accounts, they face income tax and often an additional 10% penalty.

“Health care prices are increasing at levels that significantly exceed overall inflation,” an expert warns.

The earlier they begin planning, the easier it'll be to avoid a big tax hit.

Unfortunately, physical and cognitive decline are among potential side-effects.

The strategy only applies to investments held in taxable, not tax-favored, retirement accounts.

Clients who owe the IRS should pay their taxes by April 15 even if they have already secured an extension.

If spending $5 a day on fancy coffee puts your retirement at risk, you’ve got bigger problems.

The bill has bipartisan support in the House and Senate.

There are still several moves that clients can make to reduce their 2018 tax bill.

Errors are regrettably common. They are also easily avoidable.

Those who fail to meet the cutoff face a penalty equivalent to 50% of their required minimum distribution.

Dental expenses can eat away a considerable amount of retirees’ savings, but these costs are important to prevent health complications and other medical expenses.

There are a lot of options — and potential missteps.

The tax law has made deducting philanthropic contributions more difficult, but there are ways to help clients reap benefits from their generosity.

The Trump administration unveiled its proposed budget that includes provisions that would enable Medicare beneficiaries to contribute to a health savings account.