Retirement planning

By keeping an eye on the future and potential new tax developments, tax advisors can offer their clients a sense of stability and proactive tax planning.

The Internal Revenue Service is boosting the amount that Americans can plow into their retirement plans next year amid a surge in inflation.

Benefits will be going up the most in 40 years as part of the annual cost of living adjustment in response to inflation.

Thomas has been leading the state society since 1999.

During partnership planning, design and discussion related to CPA firm buy-in, be sure to cover these four essential topics.

A recent study has found that the number of people who overestimate how savvy they are has grown.

There will be fewer future buyers of practices, leaving the next generation of solos who want to retire perhaps unable to find a suitable buyer.

Regardless of whether they have reached retirement age, owners must identify the “why” of exiting their business as a first step. Transitions are often entwined with personal relationships, finances and emotions.

The service’s Employee Plans function is pilot-testing a new pre-examination program starting this month as a way to shorten the time needed for exams.

Accountants who guide business owners through the exit-planning process can not only deepen their relationships, but also create new revenue streams.

Potentially tens of thousands of clients were stuck with significant tax bills this year because of a change the firm made to its target-date funds, according to a class-action lawsuit.

The House overwhelmingly passed legislation that would expand the tax benefits for retirement accounts to bolster the savings of Americans.

New rules from the IRS around required minimum distributions address changes from the SECURE Act.

The unit that checks employee benefit plans for compliance with various requirements scored dramatically lower on its quality reviews in recent years, according to a new report.

The Top 10 Firm's guide aims to help taxpayers and tax pros deal with the many tax changes of the past year and the ones expected to come next year.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

With banks and the Federal Reserve now eyeing more lasting inflation, many financial advisors are adjusting things for their clients.

The Internal Revenue Service issued guidance to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market.

The Social Security Administration said Wednesday that Social Security and Supplemental Security Income benefits will go up 5.9% next year, affecting approximately 70 million Americans.

Any type of unreimbursed long-term care expense, be it for a mental or physical impairment, can completely ruin a client’s personal and retirement plans.