Tax strategies

The Secure Act was designed to expand retirement savers’ options but it has subsequently all-but-eliminated the stretch IRA for beneficiaries. It's on advisors to make clients aware of the major change.

Knowledgeably navigating 401(k) and IRA movements can have a massive impact on tax burdens — and the client relationship.

While advisors have embraced cheaper trades, the move may have long term effects on strategies for client portfolios.

"Keep records and watch the statute of limitations. The usual IRS statute of limitations is three years after you file your tax return," an expert writes.

Contributing to these accounts makes sense for clients who anticipate higher tax rates in the future.

Don't neglect the FAFSA and other ideas to help families with annual incomes of more than $300,000.

This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.

They are triple-tax advantaged, but also introduce significant challenges — especially for life partners with multiple accounts.

Adjusting a federal income tax return depends on personal tax circumstances, “such as the materiality of the error,” an expert says.

To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.