As the many Baby Boomers who own family businesses contemplate retirement, CPA advisers will increasingly be called upon to help them craft exit strategies.
The latest federal budget law restricts the use of the file-and-suspend and lump-sum options.
The popular “file and suspend” Social Security planning technique is going away.
The government promotes new low-risk Roth IRA accounts for people lacking other retirement savings options.
Exceptions to the 10% tax for early withdrawals from retirement plans help clients save more for retirement while giving them access to much-needed cash for expenses such as home purchases, medical bills, college tuition, and others.
CPAs can help seniors avoid expensive penalties and coverage gaps by giving timely advice on the government health plan’s enrollment periods.
Premium hikes will be much smaller than anticipated thanks to a new law.
Underestimating certain key factors in financial planning can leave retirees in difficult circumstances at a time that is supposed to be their golden years.
To make sure you and your clients are on the same wavelength, start by getting a comprehensive look at their retirement goals and plans.
Treasury said eligible individuals nationwide may now open a new retirement account for people with earned income who may lack access to an employer-sponsored retirement plan.
If patients don’t fully understand the cost of their treatments, or if they assume their insurance plan will take care of them, they can be hit with expensive surprises.
Discover strategies your firm can use to cope with aging clients, higher health care costs, and the threat of robo-advisers.
Helping clients understand how much they need to save can help make the 30- or 40-year plan more digestible in smaller bite sized pieces.
Retirees often move to the southern United States to take advantage of lower taxes, but they should know how their former state of residence will treat them if they leave any property behind.
More than one-third (37%) of CPA financial planners said that elder financial abuse caused “substantial” emotional harm to clients, according to the new AICPA PFP Trends Survey.
The Treasury Department began providing information about myRA retirement savings accounts for individuals and employers and an electronic application.
Although homeownership often is depicted as the American Dream, a new AICPA survey shows that being able to afford a comfortable retirement is considered the best sign of financial success.
More than half of CPA financial planners say their clients’ biggest concern about retirement planning is running out of money, according to a new AICPA survey.
Under transition relief, the Bobrow aggregation rule disregards certain distributions occurring in 2014.
The IRS confirms that target date funds restricted by age can comply with nondiscrimination requirements.