Employee benefits

With prospects for major tax hikes in the rear view (for now), it’s the time to blueprint ways to reduce clients’ taxable income for ‘22.

Lawmakers want annuities in Americans’ retirement plans in reintroduced legislation.

The strategy provides an alternate course to clients claiming their monthly checks as soon as they leave their jobs, experts say.

Here are four core moves that advisors are considering right now for clients as they gear up to file their federal tax returns.

Inadequate financial literacy is a problem for the majority of Americans. Fintech CEO Uzrad Lew chats with EBN about solutions.

Understanding how gifted money will impact the student’s FASFA is critical.

Spending down savings is a challenge for many in older age

Despite uncertainty over potential tax increases, there are still some valuable tax-planning moves for the final days of this year.

Morgan Stanley made sweeping changes to its employee benefits including increasing parental leave and allowing some employees to buy its stock at a 10% discount amid intense competition for talent.

With Senate tax writers in agreement with the House to ban the favored tax-free strategy, wealth advisors have a narrow window to make moves.

Technology gives investors more opportunity to diversify than ever, but experts worry about exotic strategies in IRAs.

For decades, a top spot at Goldman Sachs was seen as the pinnacle of money and power. But in today’s era of hyper-wealth creation, the bank’s most senior leaders have come to believe they’re not getting paid enough.

Goldman Sachs Group added new employee benefits, including higher retirement contributions, as part of a package of changes aimed at addressing worker burnout.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

After a $70 million fundraising round, the company also plans to begin offering HSAs and emergency savings.

The widely expected bump in benefits won’t alter the program’s fiscal sustainability.

The average 529 account holds less than $29,000, which would pay for about half of a year of tuition at the average private university or a year or more at a public university.

The proposed law would ban all IRAs, regardless of size or owner’s income, from holding unconventional assets like stakes in private companies, real estate and startups.

Plan participants gave firms low marks in fundamental areas, though some performed better than others.

The Social Security Administration found the asset reserves of both the OASI and DI Trust Funds in 2020 increased, but deficits still loom.