Clients need help with complex financial planning matters such as efficient wealth transfer, tax and inflation risk, and sustainable income in retirement. Financial-planning experts Bill Cass and Chris Hennessey weigh in each week with a range of insights, tips, and legislative updates.
For investors preparing for or in retirement, two key changes to Social Security, including a cost-of-living increase take effect this year.
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A first step for investors in tax planning for the coming year is to determine their tax bracket and highlights of key tax figures can be helpful guide.
While most of the new provisions of the TCJA went into effect in January there are additional tax code changes that will take effect at year end.
The Tax Cuts and Jobs Act resulted in the largest overhaul to the tax system in 30 years, including some key changes to 529 college savings plans.
With new limits on itemized deductions set by tax reform, senior investors may consider using a charitable IRA rollover provision to donate to charity.
Estate planning remains critical as investors seek to manage the distribution of assets as well as meet any state tax requirements.
The tax reform law created a new tax landscape that could have a significant impact on year-end income-tax planning.
As year-end nears, retirement planning becomes a focus for investors, especially retirees who have year-end deadlines for retirement income distributions.
Tax reform has created an opportunity for investors to defer taxes on capital gains if they invest in so-called “Opportunity Zones”
Individuals can choose to make a gift while they are living, or include it in their estate plan for distribution upon death.
