Retirement planning

TOPICS / PERSONAL FINANCIAL PLANNING

April 1, 2017

Mistaken IRA rollover creates problems for taxpayer

A taxpayer’s IRA distributions result in additional gross income, an early withdrawal penalty, and an accuracy-related penalty.

March 24, 2017

What role should your house have in retirement planning?

A home should be an important factor in helping clients determine retirement readiness as well as a place to put down roots.

March 1, 2017

How to discuss long-term-care options with clients

Clients are often reluctant to discuss the vital topic of long-term care. Here’s a guide to lead you through what is often a difficult conversation.

January 9, 2017

Best places to retire? It’s complicated

This column offers ideas and describes what’s involved in helping clients make a well-informed choice.

December 12, 2016

How organizations can increase 401(k) participation

This column offers seven ways finance departments can boost employee participation and investment in 401(k) plans.

October 6, 2016

Americans’ biggest retirement fear: Running out of money

CPA financial planners report that their clients’ greatest fear about retirement is running out of money, an AICPA survey finds.

August 1, 2016

Understand senior housing options

Today senior citizens can choose from a variety of living arrangements.

July 25, 2016

What to know before you take out a student loan

Student loan arrangements can have unforeseen, long-lasting implications for a family’s financial future.

July 11, 2016

Retirement tips from retired CPAs

With thoughtful planning, the shift into retirement can be relatively smooth and even exciting.

July 1, 2016

When clients should open or convert to a Roth IRA

These versatile accounts belong in every adviser’s retirement strategy toolkit.

June 27, 2016

Afraid to bring up elder planning with your aging clients?

When clients wait too long to plan, they can find themselves scrambling to pay unexpected bills.

June 1, 2016

‘Private Roth IRA corporation’ is held abusive

Transfers under a subcontracting agreement to a C corporation held by a taxpayer’s Roth IRA were excess contributions to the IRA.

May 12, 2016

Half of American families with student loan debt delay saving for retirement

Channeling money into a retirement fund in your 20s and 30s can pay big dividends when it’s time to stop working. But a new AICPA poll finds student loan debt is increasingly weighing on adults in the United States.

April 25, 2016

Key questions to ask the family business owner who plans to sell

As the many Baby Boomers who own family businesses contemplate retirement, CPA advisers will increasingly be called upon to help them craft exit strategies.

March 1, 2016

Social Security changes affect retirement planning

The latest federal budget law restricts the use of the file-and-suspend and lump-sum options.

February 22, 2016

Say good-bye to a popular Social Security planning technique

The popular “file and suspend” Social Security planning technique is going away.

February 1, 2016

MyRAs now available nationwide

The government promotes new low-risk Roth IRA accounts for people lacking other retirement savings options.

January 1, 2016

How to avoid the 10% additional tax on early retirement distributions

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.

December 1, 2015

Guiding clients through the Medicare Part B enrollment minefield

CPAs can help seniors avoid expensive penalties and coverage gaps by giving timely advice on the government health plan’s enrollment periods.

November 23, 2015

How Medicare Part B premium increases will affect your clients

Premium hikes will be much smaller than anticipated thanks to a new law.

FROM THIS MONTH'S ISSUE

Cannabis dispensary denied ERC

The Court of Federal Claims held that Sec. 280E, which prohibits deductions and credits for businesses trafficking in controlled substances, applies to the employee retention credit (ERC), including its refundable portion, and denied a cannabis business’s claim for a refundable ERC.