10 FAQs About ABLE Accounts

Parents of children with disabilities face financial challenges, especially when planning for the children’s needs when the parents are no longer around. Congress crafted the Achieving a Better Life Experience (ABLE) Act in 2014 to help parents in these...

In-Plan Annuities: A New Twist on the Traditional Pension Model

It’s common for employees who are nearing retirement to be concerned with whether their savings will last through their senior years. Those worries are mounting today. With soaring inflation, rampant supply chain shortages and lackluster consumer sentiment, many...

Unlock 8 Tax Breaks for Home Ownership

Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it’s better to be an owner, rather than a renter, from a...

U.S. Tax Court Tells Deferred Comp Plan Participant to Pay Up

Companies can reap several benefits from offering a nonqualified deferred compensation arrangement to employees. Such plans can help employers attract talent because if requirements are met, payroll tax obligations generally are postponed to a future date.  However,...

Using a Trust to Help Financially Straightened Family Members

Even though there are signs that interest rates are likely to rise in the near future, they remain low for now. This means that the benefits of making intrafamily loans remain compelling. Not only can you assist loved ones with favorable terms, but you may be able to...

Worker Classification is Still Important

In 2020 and 2021, many companies have experienced “workforce fluctuations.” If your business has engaged independent contractors to address staffing needs, be careful that these workers are properly classified for federal tax purposes. Tax obligations The question of...