Roth IRAs

Here's what wealthy investors and their advisors need to know.

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.

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

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.

Once again, the proposal would cap certain IRAs and require distributions once thresholds are met.

Joan Crain’s job is to guide the wealthy through complicated financial decisions where mistakes can cost millions of dollars. That task is proving particularly tricky now thanks to Joe Biden’s proposed tax plan and the lack of clarity over what the Democrats will pass.

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.

Two of the most generous tax loopholes are on the chopping block, the latest surprise in emerging tax increases.

While Biden isn’t getting some of his proposed tax increases on the wealthy, some surprising new hikes may be in the works.

Fighting among Democratic lawmakers over proposed hikes in individual and capital gains taxes is intensifying, creating more questions and opportunities for advisors.

Advisors share a tax trick that allows professionals to build seven-figure retirement plans.

Using RMDs to pay the taxes due on a rollover can ease the psychological pain of forking over money to the IRS.

IRS regulations are complicated, conflicting and rife with gray areas, but clients are still deluging advisors with questions about how Peter Thiel's strategy could work for them.

From fees to severe penalties for missteps, a self-directed retirement account is something most savers should steer clear of.

The billionaire put into his account pre-IPO shares of Paypal, Facebook and Palantir valued at just $0.001, which then exploded in value.

While after-tax funds in employer-sponsored plans are tracked by plan administrators, clients are on their own with traditional IRAs, Jeffrey Levine writes.

Concerned that tax rates and IRS bills may rise under Biden, wary advisors note that Roth plans are not just for younger investors.

“The rollout of this plan has acted as a tipping point,” says Nick Pennino, an Edward Jones advisor.

Roth conversions and backdoor Roths ease COVID financial pain for wealthy earners this tax season

The one-two punch of major tax laws passed within four months of each other creates some interesting puzzles for advisors to solve.