What the Debate over ‘Wealth Taxes’ Misses
Why not create greater parity between households with IRAs and more wealthy households who accrue untaxed capital income outside of retirement accounts? asks our guest columnist, an economist.
Taxes
Unsure how much to commit to Roth or traditional accounts? This rule might help.
'Higher-income investors have greater exposures to tax-schedule uncertainty, which can be managed using post-tax Roth options,' says a new paper from the Journal of Financial Economics.
A Tax Break That Could Raise Retiree Income and Reduce the Deficit
Our guest columnist, who has spent decades in the annuity industry as an executive, entrepreneur and advisor, suggests a new win-win tax break for annuitized income.
New tax law reveals imbalance in homeownership benefits
'The TCJA has left the nation with an upside-down tax incentive for homeownership that applies to only about one-tenth of all households—nearly all of them with high incomes,' writes our guest columnist.
Total revenue for public life insurers rises in 2017
The industry garnered a year-over-year $9.5 billion tax benefit in 2017 due to the impact of tax reform. Nearly three-quarters of that went to Prudential, MetLife and Aflac.
How Demand-Siders See the New Tax Law
'The [new tax law] will likely stimulate investment and encourage domestic and foreign companies to do business in the United States,' write Tyson (above) and Mendonca. 'But the increase...
Trump Tax Plan Revealed
'The framework retains tax benefits that encourage work, higher education and retirement security,' said the report issued by the White House Wednesday. It was entitled, Unified Framework for Fixing...
How to decumulate without getting fleeced by the tax man
Investors are often advised to exhaust one retirement account at a time, starting with tax-deferred accounts and moving to tax-exempt accounts. That's not a good strategy, according to decumulation...
Retirement trade groups gird to protect ‘tax deferral’
The 'SOS Coalition' encompasses the $25.3 trillion retirement industry, which plans to defend the $100 billion-a-year tax expenditure on long-term savings if and when Congress attempts to overhaul the...
Will pensions become subject to state income tax in Illinois?
AARP is leading an effort to prevent fiscally-challenged Illinois from taxing pension income again after a holiday of 32 years. Reinstating the tax would bring in an estimated $2...
A Tale of Two Tax Plans
As explained by our guest columnist, a senior fellow at the Urban-Brookings Tax Policy Center at the Urban Institute, Trump's tax policy would echo supply-side solutions of the past...
Unexpected taxes can hurt seniors who work longer: Kotlikoff
"We are all made worse off when are pushed out of the labor market by policies that encourage them to retire," said Larry Kotlikoff, a Boston University...
Asset location tool could boost savings by 15% over 30 years: Betterment
'Asset location is the closest thing there is to a free lunch in wealth creation,' Boris Khentov, vice president of operations and a tax attorney at Betterment.
Jackson and Morningstar partner on tax demonstration tool
This tool is available for wholesalers and advisors, and supported by Jackson’s Advanced Strategies team, a group of senior portfolio strategists and retirement and wealth strategy consultants who study...
Is It Time to End Tax Deferral?
This strikes me as the issue at the heart of the controversy over the Department of Labor's conflict-of-interests proposal—the issue we duck and dodge, while pretending that it’s all...
In 1799, They Said ‘No’ to Taxes
In March 1799. not far from where I live today, an auctioneer named John Fries led a protest against the first direct tax on American homeowners. Alexander Hamilton wanted...
Secrets of Tax-Efficient Drawdown
In a regular new feature on the latest retirement-related research, we look at a variety of recent articles, including one that might just change the way you think about...
