Retirement


The Institute released Understanding Social Security Reform: The Issues and Alternatives, a comprehensive analysis by AICPA tax, accounting and economic specialists of the benefits and drawbacks of many current reform proposals. The report assesses the program’s financial condition; its importance to the elderly living in poverty; how reform could affect the redistribution of income and workers’ retirement plans; how to balance investment risk with the pursuit of higher returns; and the funding challenges reform might involve ( www.aicpa.org/members/socsec.htm ). “The Social Security system’s viability affects most Americans,” said Thomas P. Ochsenschlager, AICPA vice-president of taxation, “so it’s important to thoroughly analyze the issues before making any changes. Our study adds knowledge to the debate.”

SPONSORED REPORT

The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.