Retirement

A tough season has some preparers considering taking down their shingle, but many still plan to hang on.

For accountants and tax professionals working with clients age 50 and older, there are certain tax perks to recommend that could help boost savings for the future.

Pulling the costs directly out of clients’ IRAs can blunt the sting, but it shrinks the pot of tax-deferred retirement assets.

Affluent clients can use wealth and retirement strategies to blunt the impact of the administration’s proposals, which include a higher capital gains rate.

The Ways and Means Committee approved bipartisan legislation Wednesday to expand automatic enrollment, among other things.

Mandatory retirement age policies at the major firms don't need to be the end of a successful career.

Virtually all tax advisors have accepted the inevitability of taxes increasing. The only open questions seem to be when and how high.

Concerned that tax rates and IRS bills may rise under Biden, wary advisors note that Roth plans are not just for younger investors.

The Internal Revenue Service responded Tuesday to calls for extending more tax deadlines by giving taxpayers until May 17 to make IRA and HSA contributions and file some refund claims.

The Internal Revenue Service plans to begin issuing Economic Impact Payments to Social Security recipients and other federal beneficiaries this weekend after weeks of delay.

The Social Security Administration transmitted the necessary information to the IRS so it can begin sending Economic Impact Payments to nearly 30 million beneficiaries after an ultimatum from Congress.

Roth conversions and backdoor Roths ease COVID financial pain for wealthy earners this tax season

Big Four CPA Tiffany Vaughn has a side gig: Helping people achieve their money goals.

A Biden proposal to change the tax deduction for contributions to a tax credit could have serious implications.

A COVID-wrecked economy has changed the calculus for some financial planners.

No one likes to contemplate their own mortality, but John Napolitano of U.S. Wealth Management makes it clear why accountants need to get their business-owner clients thinking about exit planning.

The National Association of Registered Social Security Analysts and its site, NARSSA.org, will look to aid professionals and firms who provide Social Security advisory services to its clients.

Your clients may have heard conflicting advice — they must change their IRA beneficiaries, spend down their IRA as soon as possible, dismantle their trust, or immediately convert their traditional IRA to a Roth IRA, Sophia Duffy writes.

As the number of suppliers of advice and recordkeeping services decreases, the potential for conflicts of interest increases.

There are still a few things your clients should know and do now, well before they ever need to file a claim.