News & Press

It’s now easier for older savers to continue socking money away for retirement.

Just be aware that unintended consequences may follow — and they could cost you.

That’s due to the Secure Act, legislation that was signed into law late last year and took effect in 2020.

The Securities and Exchange Commission’s Regulation Best Interest requires advisors and broker-dealers to have a process to document their rollover recommendations — something most advisors don’t have, warns IRA and tax specialist Ed Slott.

The Securities and Exchange Commission’s Regulation Best Interest requires advisors and broker-dealers to have a process to document their rollover recommendations — something most advisors don’t have, warns IRA and tax specialist Ed Slott.

It sometimes seems like when it comes to college-savings vehicles, 529s are the only game in town.

But investors are doing themselves a disservice if they don’t also look at another savings tool available: Coverdell Education Savings Accounts (ESAs).Like 529s, ESAs are a tax-favored way to save for education expenses. 

Tonight, Democratic presidential candidate Joe Biden will take on President Trump in a debate about the economy, coronavirus response, the integrity of the upcoming election and more.But for many, another question is top of mind: what will the results of the 2020 presidential election mean for my taxes?

In this episode, we check in with IRA and tax specialist Ed Slott of Ed Slott & Co., on what the recent debt and deficit numbers reported by the Congressional Budget Office mean for retirement plan participants.

The Aug.31 deadline for reversing mandatory withdrawals from retirement accounts has passed, but a lucky few may still be able to return the money and save on taxes this year.

Earlier this year, President Donald Trump signed the CARES Act into law.

Remote work has become more commonplace as a result of the coronavirus pandemic, but experts caution against expecting any major changes to U.S. tax laws that would account for these trends.

According to a June survey from PwC, 55% of employers said they expect most of their employees to work from home even after the pandemic is no longer a threat.

In most years, only a few key dates stand out for income-tax planning, and most of them are familiar to taxpayers.But deadlines and strategies have changed a bit for 2020.

The coronavirus pandemic and economic-shutting efforts to slow the virus altered the norm

Ryan Ermey: Living in retirement comes with twists and turns, no matter when you retire.But life has been particularly chaotic for retirees of late