Social Security

Clients will no longer be able to undo Roth conversions once the new tax law takes effect next year.

Clients should refrain from cosigning their child's student loan, as Social Security could garnish their retirement benefits if the child defaults on the loan payments.

If clients miss an RMD, they will be subject to a penalty equal to half the amount they should have taken, and they'll still owe ordinary income taxes on distributions.

Personal exemptions may be lost but households can expect higher savings from the child tax credit, an advisor says.

There’s a powerful source of income hiding in your client’s home.

Fixed indexed annuities guarantees minimal investment returns amid a down market, but investing in them still carries some risk.

Retirees should take advantage of their flexible schedule, which allows them to go on vacation during off season to save on costs.

Small firms are allowed to set up multiple-employer plans, but the government needs to "simplify and rationalize the rules" for these types of plans, says an expert.

Medicare Part B premiums will stay flat next year, but most retirees will still pay more.

Clients should claim their retirement benefits only when other taxable income sources are used up, as their benefits could be taxed if their taxable earnings reach a certain threshold.