CPA financial planners need to consider their clients’ unique circumstances and help them avoid mistakes that could lead to the wrong decision.
This column discusses advising clients on the implications for choice-of-entity decisions, charitable giving strategies, and estate, retirement, and higher education planning.
Life insurance can be a surprisingly valuable hidden asset for clients who are retired.
A tax adviser can help a client smooth out the high-income-tax peaks and the corresponding lower-tax-bracket years with an effective bracket-management strategy.
These plans can allow a large amount to be contributed on behalf of the owner while maintaining flexibility in making contributions in future years.
Due to “extremely low” demand and high costs, the Treasury Department announced that it is ending the myRA retirement savings program.
A range of economic, political, personal, and other uncertainties can lead to clients having deep-seated fears about doing any one thing.
Deciding whether it makes sense to trigger the resulting tax liability depends on several factors.
Here is a way to turn a lemon into lemonade (with a little help from the stock market).
Without a tax professional’s input, much of the benefit of tax-aware best practices is unlikely to be achieved.
Baby Boomers born from 1954 to 1964, and all subsequent generations, will be unable to use some planning strategies that have benefited older generations.
The opportunity to get more assets into Roth vehicles via various means has evolved over the last several years.
Lisa C. Germano received the highest award given by the accounting profession in the area of taxation.
CPA financial planners can help their clients predict how they may fare financially.
Without a tax practitioner’s ongoing planning and involvement, the benefits of tax-aware management are less likely to be achieved.
Roth IRA conversions may be valuable to retirees who have not fully considered the tax impact of required minimum distributions from traditional IRA accounts.
New IRS rules provide that longevity annuity payments will not be required to begin prematurely, thus adding flexibility to retirement planning and helping to protect individuals from outliving their savings.
The IRS recently issued regulations authorizing a new type of annuity contract for certain tax-favored retirement plans and IRAs: Qualified longevity annuity contracts.
This article will help tax practitioners come to grips with the unique intersection of the tax, bankruptcy, and ERISA laws in the area of retirement planning.
As the global workforce becomes increasingly mobile, more and more workers must wade through the intricacies of cross-border taxation.