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.
Raising the capital gains and dividend tax rates and eliminating certain inheritance tax provisions for high earners are among the tax code changes President Obama proposed in his State of the Union speech Tuesday night. At the same time, President Obama called for the adoption of a number of benefits targeted to lower- and middle-income …
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This tax season marks the first time taxpayers who received federal subsidies to purchase insurance on health-care exchanges will have to report these tax credits on their returns, leading...
In the final days of 2014, Congress approved a bill to create a new tax-advantaged savings vehicle for people with disabilities. The Achieve a Better Life Experience (ABLE) Act...
For investors still contemplating year-end gift ideas, consider giving the gift of education to grandchildren. There is still time to make a gift and fund a 529 college savings...
The Senate voted 76-16 Tuesday to approve a House bill that preserves several dozen tax provisions, known as “tax extenders,” from January 1, 2014 through the end of the...
Taxpayers may want to save more for retirement in 2015. The Internal Revenue Service announced higher contribution limits for 401(k)s. The deferral (contribution) limit for employees who participate in...
Investors have many questions about health-care reform and taxes top the list. Chris Hennessey explains the new taxes and fees created by the Affordable Care Act (ACA) that will...
Nearly every area of financial planning offers strategies that can help taxpayers re-position their investments and reduce their tax liability. But many of these tax-smart ideas — involving capital...
Some estate-planning strategies require action before the end of the year — and clients may want to consider taking advantage of them before they lose the opportunity. Chris Hennessey...
While some lawmakers are honing the agenda for the new Republican-controlled Congress in January, the current lame-duck session will likely act on several bills before the end of the...
