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.
October 8, 2015
IRA Tax Strategies for Dealing with an Unpredictable Market
The stock market's drop in recent months has no immediate tax effect on the moneys of pre-retirement-age taxpayers whose traditional or Roth IRAs are invested in stocks and mutual funds. That's because neither losses nor gains are recognized within ...
October 5, 2015
4 Tips for Baby Boomer Retirement Planning
Most people have some kind of lifestyle vision for retirement. Unfortunately, without proper planning their dreams won’t always become a reality as they enter the encore time of their lives, says Michael Bivona, a CPA who retired almost 20 years ago.
September 23, 2015
5 Overlooked Variables in Retirement Planning
It wasn’t long ago that most Americans had a secure three-legged stool on which to rest their retirement concerns – a well-funded Social Security system, substantial corporate pensions with retiree health benefits and, ideally, a strong personal ...
September 18, 2015
The Basic Dynamics of Retirement Planning
Chance is a big proponent of testing a retirement plan to make sure it’s sound. To do it right, though, means being thorough, he says. Often, testing is based on just projected income, but that doesn’t go far enough because it doesn’t take into ...
September 15, 2015
Avalara Gives Exclusive Benefits Program to QuickBooks ProAdvisors
The Avalara Sales Tax Compliance App provides an automated sales tax calculation and return filings compliance solution within the familiar QBO interface. It’s cloud-based and always up to date, ensuring that sales tax rate, rule and boundary ...
September 14, 2015
New Report Offers Guidance on Tax Planning and Benefits for Same-Sex Marriages
This special report summarizes that guidance and suggests ways that same-sex couples can benefit from these changes in the areas of federal and state income taxes; qualified retirement plans; social security and estate, trust and gift taxes.
September 9, 2015
How To Prevent Long Term Care From Destroying Life Savings
Baby Boomers, retiring at a rate of roughly 10,000 per day, may have unrealistic notions about what their future long-term care needs could do to their bank accounts.
September 9, 2015
Tax Planning Helps Bring Strategy to Tax Season – 2015 Review of Tax Planning Systems
With over 50 tax provisions on the table to be extended through the end of 2016, it’s definitely not too early to begin planning scenarios on how those provisions, if passed, will affect your client’s tax liability.
September 8, 2015
How the Supreme Court’s Ruling on Healthcare Tax Credits Impacts Small Businesses
Had the premium tax credits been struck down, individuals who elected to purchase health insurance through a federally established marketplace would have no longer been eligible to receive a premium tax credit.
September 8, 2015
The Core Phases of a Sound Financial Plan
Despite all of these tools that some financial advisors may ignore in this solution phase, there are also three other phases when creating a sound financial plan. Berger reviews the phases.
September 7, 2015
Obama Extends Sick Leave Benefits to All Federal Contractors
President Barack Obama used Labor Day as the backdrop to sign an executive order that will require federal contractors to offer paid sick leave to its employees. This includes more than 300,000 employees who do not currently receive sick leave.
September 3, 2015
The Most Often Forgotten Element When Planning Retirement
"Pre-retirees and retirees are rightly concerned about whether they can afford retirement. But not having enough to do is another kind of deficit that is frequently overlooked until it’s too late,” says Bivona, author of ...