Fidelity Investments’ quarterly data dump arrived last week, featuring loads of information about its retirement-account holders. It was eye-opening, to say the least. Recall last summer when we noted there
The Treasury Department and Internal Revenue Service’s recently released tax guidance on qualified business income deductions will help advisors “make better decisions for their clients,” according to Leon LaBrecque, an
Most advisors and clients may understand the mechanics and importance of tracking IRA basis, where failing to accurately track the basis of an IRA can result in the funds being
Many people use the old “Set-it And Forget-it” strategy when it comes to their workplace retirement plan. They fill out a quick questionnaire that tells them which funds to put
Within a month of the tax reform law’s passage in December 2017, 67% of CPA financial planners had discussed the effect of tax reform with their clients,…
When the new Congress convenes in January with Democrats in charge of the House for the first time in eight years and Republicans retaining control of the Senate, there will
Except for the permanent corporate tax cut, most provisions in the 2017 tax cut legislation expire after 2025 with one notable exception: the medical expense deduction. Beginning in 2019, the
With 2018 drawing to a close, it’s becoming clearer who are the winners and losers of the Tax Cuts and Jobs Act of 2017. The law, which took effect on
The Employee Benefit Research Institute has just issued a new report on health care expenses in retirement that is likely to shock many advisors and their clients. According to the
You might not think so, but millennials are the ones who are zeroing in on retirement as a goal for their employees — more than Gen X business owners or
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