No Boon for Boomers


SURVEY SAVVY

In the animal kingdom, humans are the only species that feels the need to support their progeny into adulthood. Exactly half of baby boomers (50%) have been the primary support for their children, be they under or over 18, in the past year. Another 17% gave some financial assistance to children over 18.

Of these same boomers, 20% also helped their parents financially. Score one for humans!

Source: Pew Research Center survey of 1,117 boomers, ages 41 to 59, http://pewresearch.org , 2006.

SPONSORED REPORT

Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.