Retirement

The Internal Revenue Service issued the annual cost of living adjustments Thursday for 401(k) contributions, pension plans and other retirement-related matters.

KPMG has released its 2018 Personal Tax Planning Guide with information about the current tax laws and guidance to help privately held businesses, business owners and their families deal with the uncertainty of upcoming tax reforms.

The Social Security Administration said it would provide a 2.0 percent cost of living adjustment in 2018, the biggest increase since 2012.

Taxpayers who have decided to convert a traditional IRA into a Roth IRA may be wondering if they should take the plunge now and pay tax on the conversion this year, or wait till next year when tax rates may be lower under the reform plan Congress will reportedly consider this fall.

Why aren’t CPAs focused on this insidious growing problem that can adversely affect the families and businesses they been protecting for years?

The Internal Revenue Service streamlined the rules to make it easier for 401(k)s and similar employer-sponsored retirement plans to make loans and hardship distributions to storm victims and members of their families.

The Internal Revenue Service granted additional relief to victims of Hurricane Harvey on Wednesday by making it easier for 401(k)s and other employer-sponsored retirement plans to give loans and hardship distributions to aid victims.

As an accountant and trusted financial advisor, you can help your small business clients understand the value of 401(k) plans and how they contribute to business success.

Yes, advisers can invest these funds in nontraditional assets, but you must understand the risks before giving clients the OK.

The retirement account savings program is winding down and officials are encouraging participants to move their funds to a Roth IRA.