RMDs

The Internal Revenue Service granted additional relief to victims of Hurricane Harvey on Wednesday by making it easier for 401(k)s and other employer-sponsored retirement plans to give loans and hardship distributions to aid victims.

The amount that can be transferred is equivalent to the HSA's annual contribution limit, which is $3,400 for singles and $6,750 for couples.

Making excess withdrawals could result in taxes on the earnings and a hefty 10% penalty.

The withdrawals can be taken early in the year, late in the year or in installments throughout the year. Each approach has advantages to consider.

Congress may have a difficult time closing tax code loopholes that benefit households more than corporations, an expert suggests.

Planning may help high-income seniors avoid paying up to four times the going rate for Part B and Part D coverage.

If clients tap their Roth accounts at the wrong time, even after retirement, they could lose out on some potential tax benefits.

Clients should plan to replace roughly 80% of their pre-retirement income after they leave the workforce for good.

Only 3% of households earning under $50,000 a year benefitted from the mortgage interest tax deduction.

Here’s how receiving investments on a stepped-up cost basis can save a client’s inheritance.

The average score of correct answers was 47%, and only 5% of respondents earned a grade higher than C.

A new report indicates that projected medical expenses of a 45-year old couple, after they retire, will be 122% of their total Social Security benefits.

Here’s what advisers should know about this increasingly available option, so they can help clients make the most educated choice.

Harvesting losses to write off taxable gains is one strategy to address the Trump administration's plan to scrap the 3.8% net investment income surtax.

A retiree living off her portfolio suffers hundreds of dollars a year in lost income for every added basis point of fund expense ratio and advisory fees.

Some questions were as relatively complex as the time-value of money; others were a simple as life expectancy. Answers were poor on all of them.

It's possible to use these distributions to preserve clients' savings well past their anticipated lifespan.

There are ways around having to pay as much as a 50% penalty. Plus, inheriting Roth IRAs and designing more efficient retirement portfolios.

IRA investors who turn 70 before June 30 have a little more than a year to make their first withdrawal.

It's not too late to help clients improve their tax situation for 2016 and beyond.