IRAs

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.

For many workers, moving assets from old 401(k)s into a traditional IRA may not be a smart move. One reason: IRAs often don’t offer stable value or guaranteed fund investment options as do most 401(k)s.

Some clients may experience a taxable event that pushes them into a higher tax bracket.

Although the test is complicated and misunderstood, eliminating it could “do more harm than good,” according to an expert.

Clients can avoid tax liability on their capital gains by donating securities that have appreciated in value, an expert says.

No client wants to pay up. But, some could benefit from more tax exposure in retirement than actual spending.