Tax planning

Here’s how to decide whether your client should select the traditional or Roth IRA to put away for retirement and boost their savings.

It's possible to use these distributions to preserve clients' savings well past their anticipated lifespan.

Medicare costs count as a deductible medical expense, but only if they exceed 7.5% of adjusted gross income.

HNW investors and their planners shun the tax-advantaged savings accounts, according to a study.

Education around these rules can prevent an increase in their tax bills.

High-net-worth clients can side-step this Affordable Care Act tariff if they opt to place their investments in an S corporation. Here’s how.

The SEP IRA, Solo 401(k) and SIMPLE IRA are just a few options that may help them prepare.

Here’s one reason why clients should consider maxing out their contributions ahead of claiming deductions this year.

Tax columnists George Jones and Mark Luscombe of Wolters Kluwer put together a list of important changes from this year that will carry over into the next.

These products are meant for short- and intermediate-term investing and should carry enough risk to grow and meet the goals over time.

Avoiding these mistakes with a small business is essential.

There's no point in waiting on new policy to initiate preparation that is protective and vital, no matter what the ultimate law may be.

How IRA conversions can come at a steep price for clients. Plus, ways to dodge a surprise bill from the IRS.

When a tax-deferred account is part of an estate, failure to follow the tax rules correctly can result in a financial disaster.

How a couple wrote off cat food and other breaks that boosted refunds. Plus, how charity counts toward an IRA withdrawal.

Clients can fully deduct their IRA contributions if they have no access to a workplace retirement plan.

Clients who make these prohibited transactions can face devastating penalties.

There are ways around having to pay as much as a 50% penalty. Plus, inheriting Roth IRAs and designing more efficient retirement portfolios.

Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.