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.
Under tax reform, the federal estate tax applies to fewer estates, yet more than a dozen states have estate or inheritance taxes.
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Changes to retirement accounts could be on the horizon as Congress considers legislation to enhance 401(k) plans and other retirement accounts.
For investors preparing for retirement, it may be more difficult to distribute retirement income than to accumulate.
Small businesses and freelance workers seeking a retirement savings strategy may consider the advantages of a SEP IRA.
Under tax reform, taxpayers can still act on Roth conversions, but the option to recharacterize - or undo the conversion - is no longer available.
Estate planning remains an important part of financial planning and here are some considerations before the estate tax law sunsets.
Small business owners may want to consult with an advisor or tax expert to review the pass-through business tax deduction introduced by tax reform.
Many popular tax deductions were limited or eliminated under tax reform and investors may want to consider strategies to mitigate the impact.
The Treasury and Internal Revenue service recently finalized the rules for claiming the small business deduction, introduced by the Tax Cuts and Jobs Act.
This is the first year of tax filing since tax reform and some taxpayers may find their 1040 filing indicates opportunities for planning.
