When to choose a non-hardship 401(k) withdrawal
Some 401(k) plans allow investors age 59½ to take a non-hardship 401(k) withdrawal, providing the option to transfer savings to an IRA without penalty.
Page 2
White House proposes tax hikes for high earners
The administration released a new proposal including spending for education, childcare, healthcare, nutrition, and other family support as well as tax hikes for high earners.
Proposed tax hike may drive shift in business structure
A Biden administration proposal calls for a tax hike for corporations. If approved, it may impact how certain business owners structure their business.
The tax bite on retirement income may surprise retirees
Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.
Tax season is a good reminder of 529 plan tax benefits
Tax season can provide a good reminder that 529 plans offer significant tax benefits for families looking for fund college education.
10 ideas to use a Roth IRA to mitigate higher taxes
Investors may want to consider certain strategies to hedge against the risk of higher taxes, including using a Roth IRA conversion.
Three options to change stepped-up cost basis rules
Potential changes to stepped-up cost basis rules may emerge as lawmakers consider federal revenue needs.
Direction of estate taxes among top advisor concerns
Most advisors are closely monitoring tax policy as it is not yet clear what proposals around estate taxes will be introduced on Congress’s agenda this year.
Four key tax changes in the new pandemic relief bill
In addition to broad relief measures, the latest pandemic relief bill includes several tax changes that could impact planning.
Top questions from advisors about taxes
Advisors are fielding many questions about taxes and the outlook for tax increases under the new administration.