Benefits November 13, 2026
Column: Time to Fix Social Security
If there’s one issue on which most voters agreed this election period, it’s the need to fix Social Security before potential cuts take place in 2032.
October 30, 2015
Baby Boomers Born in 1945 Must Start Taking Minimum Distributions from Retirement Accounts
Known as required minimum distributions (RMDs), these payments normally must be made by the end of 2015. But a special rule allows first-year recipients of these payments, those who reached age 70½ during 2015, to wait until as late as April 1, 2016 ...
October 30, 2015
Thomson Reuters Offers Checklist to Help Accounting Pros Assess Healthcare Tax Issues
This checklist is designed to be a compliance aid to assist with identifying issues and opportunities with a client’s health care coverage readiness. However, it does not detail every potential issue that may be encountered.
October 30, 2015
5 Need-to-Know Retirement Pointers
In recent years, retirement planning has received plenty of attention. In 2011, the first of the baby boomers reached what used to be known as retirement age. That kicked off an 18-year run for boomers, who’ll be turning 65 at a rate of about 10,000 ...
October 29, 2015
What’s the Best Time to Start Drawing Social Security?
The federal government allows retirees to start drawing Social Security as early as age 62, a feature that more than 40 percent of Americans take advantage of as they gladly draw from the system they spent a lifetime paying into.
October 28, 2015
How to Collect Tax Benefits for Business Bad Debts
From a business perspective, there’s practically nothing worse than providing goods or services to a customer or client and not getting paid. Or maybe you’ve made loans to vendors or suppliers that haven’t been repaid. It can take a long time to get ...
October 22, 2015
A Small Business Prescription for Health Insurance Premium Tax Credits
Employers are facing increased obligations in 2015 relating to the health insurance coverage provided to employees, but at least some small business owners might benefit from a special tax break.
October 22, 2015
The Most Important Factors In Keeping Retirement Savings Safe
Don’t be so quick to simply accept what a financial advisor offers for your retirement – that’s the takeaway from multiple red flags since the 2008-09 economic crisis.
October 21, 2015
IRS Says 401(k) Limit to Stay $18k for 2016, Announces 2016 Pension Plan Limitations
Cost of living adjustments affecting dollar limits for pension plans and other retirement-related items will not change for tax year 2016, the Internal Revenue Service has announced. In general, the pension plan limitations will not change for 2016 ...
October 20, 2015
Retirement and Healthcare Costs Top List of Financial Fears
Money talk can be so scary that 59 percent of Americans would rather discuss "the birds and the bees" with a stranger than their personal financial situation (39 percent). This is especially true of women, as 63 percent share this preference compared ...
October 14, 2015
Thinking of Expanding Your Payroll Business? Consider Offering Benefits Administration Services
As you start evaluating your clients and current service offerings, consider ways you can provide additional services to clients, starting with existing clients.
October 14, 2015
How to Shield a Retirement Portfolio from Hitting Rock Bottom
Jittery investors saw the volatile market play havoc with investment portfolios. But while the ups and downs may have created anguish for some, financial planner Bryan S. Slovon says he fielded few if any calls from nervous clients.
October 14, 2015
How to Convert “Just Enough” to a Roth IRA
Generally, contributions to a traditional IRA may be wholly or partially tax-deductible, especially in the earlier part of your career, but distributions are taxed at ordinary income rates reaching up to 39.6 percent. In addition, you must begin ...