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From a tax perspective, donating required minimum distributions from a traditional IRA to a qualified charity is a smart move for retirees.
February 10
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Small businesses would not be allowed to enroll their employees automatically in state-run plans under legislation introduced in Congress.
February 9
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One way for clients to avoid or minimize their capital gains tax is to hold investments in tax-advantaged retirement accounts, such as IRAs and 401(k) plans.
February 8
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Investors need to increase their allocation to stocks and other riskier investments to get the portfolio return that they need to secure their retirement.
February 7
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Clients can fully deduct their IRA contributions if they have no access to a workplace retirement plan.
February 6
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People are saving more money for retirement and setting up more retirement accounts, with fewer savers borrowing from their funds, according to author Dan Kadlec.
February 3
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Early withdrawals from retirement investments can trigger a hefty penalty.
February 2
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Many workers think hey are not allowed to contribute to a 401(k), a traditional IRA and a Roth IRA in the same year, which is untrue.
February 1
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Retirees on Social Security can expect the government to garnish a portion of their benefits if they fail to make student loan payments.
January 31
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Clients should consider moving to a state that does not tax ordinary income, Social Security benefits or pension payouts.
January 27
