Proposed RMD changes could help retirees keep more of their savings
The federal government wants to update the life expectancy projections that investors use to calculate an RMD from retirement accounts.
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Three key changes for Social Security in 2020
Some key changes for Social Security are planned for 2020 and will impact millions of retirees as well as current workers paying into the system.
Gauge your tax bracket to drive tax planning at year-end
There is one important number for investors to know that can drive tax planning strategies at year-end: their marginal tax bracket.
At year-end, consider lumping charitable gifts
With new limits to tax deductions under tax reform, investors may consider lumping charitable gifts into one year to achieve a tax deduction.
Year-end deadline approaches for opportunity zone tax break
Under a program created by the Tax Cuts and Jobs Act, investors can receive a tax break on capital gains if they invest those gains in an opportunity zone.
Captive insurance may be a useful tool for business owners
A captive insurance program can help a business manage risk by establishing its own insurance company to address certain known risks.
Open enrollment presents opportunity to change Medicare options
Open enrollment provides an opportunity to talk about health-care cost planning with investors as they consider Medicare options.
Retirement plans may not be out of reach for small businesses
Many small business owners may not realize that Internal Revenue Service offers a tax credit for the costs of establishing workplace retirement plans.
Planning strategies to prepare if taxes move higher
As the federal budget deficit rises, it is likely that investors will see taxes move higher in the future.