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“Concerns over the program's ability to pay promised benefits have been around for a long while, but they're heightened,” an expert says.
May 1 -
Clients may consider rebalancing their portfolio more often to address asset allocation shifts as a result of the downturn.
April 21 -
A rule designed to prevent simple deduction abuses brings significant complexity to planning.
April 15 -
The IRS now says some unwanted RMDs can be undone, eliminating the tax bill
April 10 -
Cash-strapped taxpayers may consider waiting until the new deadline to pay or to request a payment plan to buy more time to settle their tax bill.
April 7 -
Seniors should focus on what they can control — such as their reaction to market volatility and their long-term savings.
March 30 -
The passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know.
March 27 -
“[By extending the tax deadline], they automatically extended the deadline to make an IRA contribution last year,” an expert says.
March 24 -
If they plan to use them for current spending, “then the timing of the distribution would not matter for tax purposes,” an expert writes.
March 24 -
Designating charities as a beneficiary of their retirement accounts is one strategy that can enhance their tax savings.
March 3