News

While hiring family members can present some potential drawbacks, the practice can also yield strong benefits. Here's how you can advise clients before they choose to hire a relative. Continue Reading

Early baby boomers and millennials are ahead of other generations in terms of retirement preparedness, according to panelists at a recent symposium hosted by Wharton’s Pension Research Council. Continue Reading

After decades saving for retirement, transitioning to spending down savings can be a huge shift in mentality for retirees, and one that many may look to their CPA financial planner for assistance in planning. Continue Reading

Knowing which of the financial phases of life you are in can help you better plan to build, protect and enjoy your assets, no matter what your age. Continue Reading

The Biden administration plans to freeze federal student loan payments through Aug. 31, extending a moratorium that has allowed millions of Americans to postpone payments during the coronavirus pandemic. Continue Reading

Everyone needs a will, but some people need more than that. To save on taxes and make for a smooth transition, they could really use a revocable trust, a family limited partnership or a gift trust. Continue Reading

Two easy mistakes seen in retirement planning involve valuation of pensions and improper net-worth comparisons. Continue Reading

Many first-time homebuyers may be unaware of the Sec. 25 mortgage interest credit, which is designed to help low- to middle-income families afford the cost of homeownership. Taxpayers who qualify for the credit can claim it on their federal income tax return for a portion of the mortgage interest they pay. Continue Reading

Whether a traditional IRA or a Roth IRA is best for a client can depend on several factors, such as the client's age, annual income, tax bracket, and expected future earnings. Continue Reading

The IRS advises taxpayers on what to do before filing a tax return if they have missing or incorrect documents. Continue Reading