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Under the proposals, the top 0.1% of earners would be subject to a 43% tax rate on their income.September 14
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Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.August 24
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By law, these payments are taxable so clients will need to report them on their 2020 federal income tax returns.August 19
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Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.April 17
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“The advice I give is to calculate the financial impact for each option,” an expert says.January 15
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With astute maneuvering, advisors can add money to a clients’ college-fund kitty without jeopardizing financial aid.January 2
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Payouts from pensions and tax-deferred accounts are usually not taxed in states without a state income tax or with levies only on interest and dividends.October 29
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Since 2011, when Occupy Wall Street protesters rallied under the slogan “We are the 99%,” the income threshold for the top 1% is up an inflation-adjusted 33%.October 22
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Armed with some specific details, advisors can explain why the seductive option is both too good and too good to be true.October 11
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Paying down debt, downsizing and reducing spending are a few ways retirees can grow their finances.October 4
