Clients age 65 have until the end of this year before the limit on medical expense deductions rises, according to MarketWatch. Loading up on healthcare before the start of 2017 could mean a bigger write off. -- MarketWatch
Clients may want to consider MLP ETFs, which have been riding the recovery wave in the energy sector this year, according to Nasdaq. Why MLPs in general? These investments deliver income, a tax benefit and distribute a hefty portion of their earnings as dividends to shareholders. -- Nasdaq
Investors who own mutual funds outside tax-advantaged retirement accounts may owe a capital gains tax even if they don't sell their shares, according to the Motley Fool. This happens when the mutual fund manager buys and sells a fund inside the fund. -- Motley Fool
Taxes are one of life’s sure things, but clients can still make changes after the filing deadline. Here’s how.
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How a couple wrote off cat food and other breaks that boosted refunds. Plus, how charity counts toward an IRA withdrawal.
February 14 -
There are ways around having to pay as much as a 50% penalty. Plus, inheriting Roth IRAs and designing more efficient retirement portfolios.
January 31 -
Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.
January 25 -
Why it's a good time to invest even small amounts into 401(k) and Roth IRA accounts. Plus, avoiding the capital gains hit.
January 17
