The Internal Revenue Service recently announced the tax rates and contribution limits for 2020, including key figures that investors will want to consider.
The passage of this landmark legislation represents the most significant changes to the retirement industry since the Pension Protection Act (PPA) of 2006.
Year-end is an opportune time to offer a beneficiary review to ensure that accounts are up-to-date.
Consider giving the gift of education this year with several strategies, including a super-size contribution, to a 529 college savings plan.
The Centers for Medicare and Medicaid Services (CMS) has published changes to 2020 premiums and deductibles.
Investors may want to consider using an IRA strategy to direct donations to charity and receive a tax advantage.
The federal government wants to update the life expectancy projections that investors use to calculate an RMD from retirement accounts.
There is one important number for investors to know that can drive tax planning strategies at year-end: their marginal tax bracket.