Both the IRS and Department of Labor have provided their own guidance for tax-related deadline relief to those affected by the wildfires in certain California counties.
Read MoreHigher education expenses can be overwhelming, even for the most diligent 529 account savers. Some of your clients may want to consider supplementing their education savings with Roth IRA savings to help pay for college.
Read MoreThe IRS has updated its list of tax-related time-sensitive acts that may be postponed due to federally-declared disasters or service in the Armed Forces.
Read MoreIRS Notice 2018-90 extends the transition period to January 1, 2020, for satisfying withholding and reporting requirements when paying out an abandoned IRA to the state.
Read MoreThe Roth IRA is 20 years old and still growing. Discover the latest trends, most recent statistics, and current developments surrounding this unique retirement savings tool.
Read MoreIt’s been 20 years since the Roth IRA was created. Here are some quick facts about this popular retirement savings vehicle.
Read MoreThe Roth IRA has evolved over the past 20 years as a result of its legislative history. Take a look at some of the more significant legislative developments since the Roth IRA was created.
Read MoreThe “mega Roth” strategy, a new approach to retirement saving, is a way for some retirement plan participants to maximize their savings using Roth IRAs or retirement plan designated Roth accounts.
Read MoreQuick Reference Tool: Current Roth IRA contribution eligibility phase-out ranges
Read MoreQuick Reference Tool: Current Traditional IRA deductibility phase-out ranges
Read MoreOne of the biggest challenges “gig workers” face is a lack of access to an employer-sponsored retirement plan and the employer contributions that often go with it. Fortunately, there are four retirement savings alternatives ideal for gig workers.
Read MoreWith the growing number of baby boomer Traditional IRA owners turning age 70½ and older, it’s time to refine your RMD procedures and ensure that you and your IRA clients understand the RMD rules.
Read MoreDon’t be caught off guard with these tax reform changes from the Tax Cuts and Jobs Act and Bipartisan Budget Act that take effect January 1, 2019.
Read MoreThe IRS recently released the 2019 cost-of-living adjustments. Many key IRA and retirement plan limits were increased for 2019.
Read MoreOctober 15 has come and gone—and with it, the ability for IRA owners to correct 2017 IRA excess contributions without penalty. Now they must pay the penalty and still correct the excess using one of two options.
Read MoreThe House of Representatives has passed the Protecting Family and Small Business Tax Cuts Act of 2018. This is the third and final bill in the Tax Reform 2.0 package considered in the House.
Read MoreOn September 27, 2018, the House of Representatives passed the Family Savings Act of 2018, legislation that would make many significant changes to retirement and other tax-favored savings arrangements. Passage by the Senate is uncertain.
Read MoreTax Reform 2.0, if enacted by Congress, would make significant changes to tax-advantaged savings arrangements. The House may vote on this legislation by the end of September.
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