How to reverse course on collecting Social Security
Individuals receiving Social Security retirement benefits who wish they had postponed them for a larger benefit amount later may have certain options.
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Individuals receiving Social Security retirement benefits who wish they had postponed them for a larger benefit amount later may have certain options.
A provision in the SECURE 2.0 Act enables greater flexibility in saving for children’s education while also helping 529 plan beneficiaries to get a jump-start on retirement savings.
Clients may be reluctant to discuss long-term care, but it’s better if they have a plan in place before they’re caught off-guard by a health care crisis.
Understanding health savings accounts’ useful, lesser-known features is key to helping clients make the most of this important retirement planning tool.
The year-end appropriations act included the Secure 2.0 Act, which makes many changes to the retirement plan rules, including expanding automatic enrollment and increasing the starting age for required minimum distributions.
Become familiar with this hybrid type of pension plan and its advantages for the right businesses.
Savers often are surprised to learn they can roll funds from an IRA into their HSA. While this lesser-known rollover rule has limitations, it can produce tax savings.
Hear about one Inflation Reduction Act concern posed by a leading taxpayer advocate and catch up on recent JofA news and feature articles.
CPAs providing services to elderly individuals play a role in protecting their clients from financial exploitation.
When deciding whether to convert a traditional IRA to a Roth, several factors should be considered, including some that might not be immediately obvious.
The IRS issued the retirement account inflation adjustments for 2023, including the maximum contribution amounts for 401(k) plans and IRAs.
Learn about Roth IRAs as a potential investment for children, questions to ask and avoid in job interviews, and recent news from the IRS and SEC in this podcast episode with transcript.
It’s possible to fund Roth IRAs for children, and this could be a terrific financial planning move for their futures, although the strategy has limitations.
Under Notice 2022-44, the high-low method rates will be slightly higher and the list of high-cost localities in the continental United States is revised, both effective Oct. 1.
Practical tips could help retirees make the most of their money in a place with a substantially lower cost of living.
This express podcast episode with transcript hits the highlights of recent Journal of Accountancy news coverage of student loan debt forgiveness, an AICPA letter urging penalty relief from the IRS, and more.
The recently passed legislation ultimately will help with one of the biggest wild cards of retirement — health care planning — but immediate updates to financial plans are likely not needed.
Brianne C. Smith, a member of the AICPA Personal Finance Planning Executive Committee, discusses how she’s going beyond the headlines to help her clients maximize their savings.
Retirees need to learn to look differently at spending, taxes, and powers of attorney.
Although investing in times of high inflation can be tricky, tried-and-true principles of having a well-diversified portfolio and not panicking still hold.
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This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.