Retirement September 30, 2026
History of Social Security COLAs
The predicted 2027 cost-of-living adjustment of 3.5% would rank 19th among the increases implemented since 1977, the first year Social Security began calculating the annual boost.
May 6, 2016
How to Calculate the Taxable Amount of an IRA Withdrawal
One of the issues that often causes a high degree of client confusion is whether or not a withdrawal from their IRA account will be taxable, and if so, to what extent.
May 4, 2016
Married Retirees Better Off Financially and in Health, Peace of Mind
Despite the years that have passed since the financial crisis known as the Great Recession, many retirees are still feeling its aftereffects. A new survey from the nonprofit Transamerica Center for Retirement Studies (TCRS) finds that only 45 percent of retirees say that they have either fully financially recovered or were not impacted. Thirty-five percent...…
April 26, 2016
Are Your Firm’s Retired Partners Double Dipping?
The main reason for making deferred comp payments to retired partners is to “acquire” their clients. If a firm knew for sure that they would lose the clients of a retiree, I doubt that deferred comp payments would be made.
April 26, 2016
Almost Half of U.S. Workers Go Paycheck to Paycheck
The path to achieving financial milestones like paying for a college education, buying a car, owning a home and retiring at an early age always begins with one step: saving for the future.
April 26, 2016
One Third of Americans Say Healthcare Costs Are Top Economic Issue
The survey asked respondents to rank the following financial burdens from most significant to least significant. The following percentages reflect how frequently the specific answer choice was selected as being the No. 1 issue hindering the economy.
April 22, 2016
Multiple 401(k) and IRAs? What to Do If Retirement Savings Are a Mess
After decades of job hopping – by necessity or design – some people have accumulated several retirement accounts, making it a confusing chore to keep track of what’s happening with their money.
March 28, 2016
Millennials Saving More, But Admit To Frequent Impulse Spending
Over half (55 percent) of the young adults surveyed admitted that they were impulse shoppers, defined as making an unplanned purchase of $30 or more on a daily or weekly basis. Impulse buyers are more likely than those who never or rarely make an ...
March 22, 2016
3 Retirement Errors to Avoid
As older Americans approach retirement, many may be realizing their financial planning isn’t what it should have been.
March 21, 2016
Ohio Accounting Firm Cohen & Company Joins HCAA
To be awarded membership in HCAA, firms must demonstrate proficiency and commitment to serving clients in health care.
March 1, 2016
New Tax Laws Offer Big Benefits to Some Small Businesses
This legislation included the extension of more than 50 tax credit and incentive programs that expired on Dec. 31, 2014 – among them an array of federal tax credits that offer incentives to employers who implement various hiring, training and ...
February 19, 2016
How Small Businesses Can Offer 401(k) Plans
Because 401(k) plans can help small businesses attract and retain the skilled employees key to fueling growth, adding financial planning services - specifically retirement planning - is a great place to start.
February 16, 2016
Facts and Tax Forms: What Taxpayers Need To Do To Stay Compliant With ACA, aka Obamacare
When it comes to compliance with the Affordable Care Act, aka Obamacare, most Americans know that they are supposed to get insurance if they don't already have it through their employer. But there's more to the law, and some people could get a hefty penal