Financial Planning

Premature withdrawals from retirement accounts have become America’s new piggy bank, cracked open in record amounts during lean times by people like Cindy Cromie, who needed the money to rent a U-Haul and start a new life.

Consulting may be an attractive career move for CFOs who may not be ready to stop working when they retire, according to a new poll.

Remember -- it's all about them, not you.

We're dedicating this column to tax alpha because accountants who are financial planners are uniquely positioned to deliver it. But just what, you may ask, is "tax alpha"? If "alpha" is the return generated by an advisor's skill in picking and managing investments, then "tax alpha" protects that return and generates a boost by making sure that taxes don't eat away more of a client's wealth than absolutely necessary.

The Internal Revenue Service plans to amend the regulations for the treatment of U.S. taxpayers who own passive foreign investment company stock through tax-exempt organizations.

The more discipline an individual brings to their finances, the more financially secure he or she feels in the present, and the greater likelihood they’ll be happy in the future, according to a new study.

Employees are becoming increasingly engaged and more proactive in their financial planning, according to a new study.

U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.

As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.

The Internal Revenue Service did not pursue up to $53 million in potentially improper claims for the Qualified Retirement Savings Contributions Credit, according to a new government report.