Roth IRAs

In unique circumstances, contribution limits to a Roth IRA do not apply. Here’s why.

With a strong Democratic presidential contender, the risk of both estate and gift hikes beginning as early as 2021 is palpable.

The thresholds will all rise, according to the IRS.

Clients may have an ability to increase the ratio of after-tax dollars in their account by completing one or more transactions that are exempt from the pro rata rule.

To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal.

New regulations have altered advice for Social Security, Roth conversions, tax code, estate planning and much more. Financial plans must be crafted with enough flexibility to change with the times.

Tax-rate arbitrage is one approach, but it’s far from the only one, according to contributor Michael Kitces.

Many clients have seen the value of their investment accounts drop, making this a good time for planners to prove their value

Early withdrawals from retirement accounts may be unavoidable in today’s economic climate. You can help mitigate the damage.

By making the right moves, retirees can reduce their taxable income and owe less in capital gains taxes, an expert says.

Though IRA conversions during a market correction may enable some clients to save on their taxes, the strategy is not recommended for everyone.

For clients fortunate enough to not need them, minimum distributions are not required this year in most — if not all — cases.

How will the relief package impact retirement accounts? CPA Ed Slott fields this and other top financial planning queries.

The IRS now says some unwanted RMDs can be undone, eliminating the tax bill

For one, clients will owe taxes still on the distributions, unless they recontribute the money into the account within three years.

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.

Retirees will end up locking in substantial losses if they decide to cash out their investments during a bear market to generate income.

From Roth conversions to QHFDs: The coronavirus pandemic is forcing difficult questions, and clients rightfully are looking for answers that advisors are uniquely suited to provide.

By extending their working years, seniors can see an increase in their Social Security payouts.

A revocable living trust is one way to reduce their estate taxes, however the law requires clients to sign the document in the presence of the notary.