Retirement planning

TOPICS / PERSONAL FINANCIAL PLANNING

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.

November 10, 2015

More than half of clients underestimate their retirement expenses

Underestimating certain key factors in financial planning can leave retirees in difficult circumstances at a time that is supposed to be their golden years.

November 9, 2015

Your clients may know less about retirement planning than you think

To make sure you and your clients are on the same wavelength, start by getting a comprehensive look at their retirement goals and plans.

November 4, 2015

MyRAs now available nationwide

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.

September 28, 2015

Don’t let health care costs catch your clients off guard

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.

September 1, 2015

Meeting the financial planning challenges of the future

Discover strategies your firm can use to cope with aging clients, higher health care costs, and the threat of robo-advisers.

August 24, 2015

How to help clients learn to save

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.

August 1, 2015

Moved south but still taxed up north

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.

June 23, 2015

Emotional harm of elder financial abuse outweighs its financial damage

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.

June 1, 2015

Treasury provides information and online sign-up for new myRA accounts

The Treasury Department began providing information about myRA retirement savings accounts for individuals and employers and an electronic application.

April 9, 2015

How do Americans define personal financial prosperity?

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.

April 8, 2015

Americans fear running out of money in retirement

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.

February 1, 2015

IRS fills in details of one-a-year IRA rollover rule

Under transition relief, the Bobrow aggregation rule disregards certain distributions occurring in 2014.

January 1, 2015

Defined contribution plans can offer deferred annuities to older participants

The IRS confirms that target date funds restricted by age can comply with nondiscrimination requirements.

January 1, 2015

QLACs protect against outliving retirement savings

With longer retirements due to increasing life expectancies, today’s retirees have to worry about outliving their retirement savings.

December 1, 2014

Changes proposed to allocation rules for rollovers

Disbursements containing both pretax and after-tax contributions may be treated as a single distribution.

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