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How the Change in Retirement Laws Will Affect You

How the Change in Retirement Laws Will Affect You

SECURE Act 2.0 enjoys widespread bipartisan support and builds on SECURE Act 1.0 by strengthening the financial safety net and encouraging Americans to save for retirement. Help clients understand what…

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Confidence From Home Builders Drops

Confidence From Home Builders Drops

While Housing Starts reflect real commitments from home builders, there is another index that asks builders to rate housing conditions and the general economy. Compiled by the National Association of…

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Americans Lose Trillions Claiming Social Security at the Wrong Time

Americans Lose Trillions Claiming Social Security at the Wrong Time

A lack of knowledge leaves individual retirees dumping thousands of dollars out of their own pockets. The graph below says it all. The age at which most people claim Social…

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College Planning: 10 Key Angles on Expected Family Contributions You Should Know

College Planning: 10 Key Angles on Expected Family Contributions You Should Know

One of the biggest questions that parents with college-bound children puzzle over, is whether their child has a chance for financial aid. This is more confusing than you might think,…

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EQUIFAX Breach Settlement: How To Claim Your Share

EQUIFAX Breach Settlement: How To Claim Your Share

Two years after Equifax’s massive data breach affecting over 140 million people, the credit bureau and the Federal Trade Commission have agreed to a $700 million settlement. The money will…

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If You Use IRA Funds for College Expenses, Be Sure You Can Document It for the Tax Court

If You Use IRA Funds for College Expenses, Be Sure You Can Document It for the Tax Court

Distributions taken before an IRA owner reaches age 59½ are subject to a 10% early distribution penalty, unless an exception applies. For those who claim exceptions, it’s vital to maintain…

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Just for Laughs: Airlines Making Billions on Luggage Fees

Just for Laughs: Airlines Making Billions on Luggage Fees

This is a laugh-or-you’ll-have-to-cry situation. Plus which airlines are most likely to lose your luggage, and a little more humor from the not-as-friendly-as-they-used-to-be skies.

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Inherited IRA Beneficiaries Separately Responsible for Taxes on Separate Shares

Inherited IRA Beneficiaries Separately Responsible for Taxes on Separate Shares

A new PLR confirms: When multiple beneficiaries inherit an IRA, each beneficiary is independently responsible for any income taxes and/or penalties assessed on their share of the inheritance. Proper accounting…

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