Inheriting retirement accounts isn’t as simple as it used to be. The 10-year drawdown rule can trigger hefty taxes for heirs. Learn how smart planning can help.
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TOPICS
Personal financial planning
Cost-of-living increases could hurt 2026 financial goals, poll says
The Harris Poll, conducted on behalf of the AICPA, found that most Americans have financial goals, with saving money as the top one.
Tax-efficient drawdown strategies in retirement
Follow these tips to help clients draw down their retirement funds in a tax-efficient manner and avoid common mistakes.
Big changes hit federal student loan program
Learn about the complex shifts in federal student aid since the passage of H.R. 1, including new loan caps and repayment plans.
Government withdraws defense of retirement fiduciary rule
The Justice Department dropped its appeal in a case challenging a Biden-era regulation, leaving financial advisers free from new fiduciary duties for now.
Where CPAs stand on economic sentiment, what’s next for the JofA podcast
This episode summarizes results of a recent quarterly survey on economic and business sentiment, mentions IRS news, and previews future content. Listen to the episode or read the transcript.
IRS outlines details for Trump accounts
The IRS released initial details on Trump accounts, a new type of IRA for some children. Also, a billionaire business executive pledged $6.25 billion to provide 25 million children with a $250 contribution to a Trump account.
JofA branded podcast: Investment management at the intersection of tax and wealth services
In this Journal of Accountancy branded podcast episode, Clint Costa, CPA, J.D., LL.M., a senior wealth strategist at Choreo, talks with Matt Gotlin, Choreo’s chief investment officer, on trends in investment management and tips for CPAs to advise clients.
Going into debt for holiday spending? You’re not alone
Nearly half of over 2,000 adults surveyed on behalf of the AICPA said they expect to go into debt for holiday gifts or travel.
Inflation adjustments to retirement account limits issued for 2026
The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Thursday, including maximum contribution amounts for 401(k) plans and traditional and Roth IRAs.
Real estate tax changes that advisers need to understand
A firm partner and AICPA conference speaker breaks down rule changes related to bonus depreciation and opportunity zone investment. Listen to the podcast episode or read the Q&A.
How OBBBA alters charitable deduction strategies for 2025 and 2026
New rules could shrink an individual’s tax benefit from charitable contributions starting next year, prompting many to accelerate donations into this year. Here’s what donors and advisers need to know.
How to rewrite 3 ‘money scripts’ hurting personal finances
When it comes to clients implementing the action steps needed to move toward their financial and life goals, more is at play than just needing the knowledge and resources to take action. Whether or not we know it, we all run “money scripts” in the background, basing decisions both small
3 new financial planning opportunities after OBBBA
Help clients navigate a few of the legislation’s broadly applicable tax changes.
Financial planning for a pet’s future care
Pets need to be considered in financial plans because they are part of the family and may outlive their owners.
Calming nervous clients nearing retirement
Experts in personal financial services recommend helping clients keep economic shocks in perspective, simplify their finances, and try out aspects of retirement life.
The No. 1 risk to retirement – and one way to guard against it
Retirees are living longer than ever, increasing the challenge facing financial advisers charged with the responsibility of making sure they don’t run out of funds.
No 2025 information return or withholding table changes under OBBBA
The IRS announced Thursday that it is delaying changes to certain information returns, withholding tables, and reporting and withholding procedures until tax year 2026 “to avoid disruptions.”
Dealing with natural disasters: IRS relief efforts leave some wanting
How can the IRS best assist victims of natural disasters? The AICPA asked victims how long they had to wait for assistance and asked CPAs the best courses of action.
Dealing with natural disasters: Prepare by taking these steps today
Nearly one-third of adults have done nothing to prepare financially for the possibility of a natural disaster. An AICPA news release offers advice for individuals and businesses.
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Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.
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Trust distributions in kind and the Sec. 643(e)(3) election
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Effects of the OBBBA on higher education
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