Quick Answer For U.S. federal tax purposes, the IRS generally treats cryptocurrency and other digital assets as property. That means selling, exchanging, or spending cryptocurrency can create a taxable gain or loss, while receiving crypto as compensation or certain rewards can create ordinary income. For investors, the challenge is often less about knowing that crypto is taxable and more about...
Most people in their fifties, sixties, and seventies are insuring a life they no longer live. The liability limits on their policies haven't moved since the kids were in high school, even though their investments and home equity have been growing for decades. The mismatch is easy to miss because insurance arrives as three separate bills — home, auto, umbrella. Three renewal notices, three...
The benefits of being a retirement plan participant are well-documented, but the perks available to the sponsoring employer are often overlooked. In offering a retirement plan, plan sponsors can enjoy the advantages of tax deductions and credits, flexible design options and attraction and retention of employees, along with the benefits of being a participant in the plan. Tax Benefits: When...
Retirement plans are a popular way to save for retirement. Although many people participate in these plans, the flexibility allowed by plan provisions ensures each can be unique. Understanding the features and options available in a 401(k), 403(b) or 457(b) plan will help you design your plan so that it works best for you and your participants. 401(k), 403(b) and 457(b) refer to sections of the...
A significant shift in retirement plan disclosure rules is coming soon, and employers should begin preparing now. In response to new regulations included under the SECURE 2.0 Act of 2022, the Department of Labor (DOL) will require certain pension benefit statements be furnished to participants on paper, even for those who currently receive electronic disclosures. This mandate, which represents...
After a turbulent start to the year, U.S. equity markets staged a powerful recovery in the second quarter of 2026, propelled by a de-escalation of the U.S.-Iran conflict, a sharp reversal in crude oil prices back to pre-war levels, and accelerating corporate earnings growth. The S&P 500 Index1 returned 14.9% during the quarter, its best quarterly performance since the second quarter of 2020,...
September 2026 15th: Deadline for required contribution to defined benefit plans, money purchase pension plans and target benefit pension plans. 15th: Deadline for deducting 2025 employer contributions for sponsors who filed an extension on Partnership or S-Corporation tax returns, extending the original March 15, 2026 deadline. 30th: Due date for certification of the Annual Funding Target...
By: Arash Navi, Senior Wealth Manager, CFP, CFA, CPA A High Earner's Path to Tax-Free Growth The Roth IRA has become the retirement account of a generation. A decade ago, most families followed the traditional-IRA playbook their parents used — take the tax break now, pay the tax later. That script has flipped. According to the Investment Company Institute, older savers still lean traditional...
Americans are remarkably generous. Every year, individuals across the country give to their churches and synagogues, support disaster relief halfway around the world, fund local food banks, and back causes close to their heart — often without giving much thought to the tax mechanics behind it. Most people simply assume that if they write a check to charity, they get a deduction for it. Starting...
When you hear “AI,” your first thought is probably artificial intelligence. While AI is certainly transforming industries, market-leading retirement plans are built on a different kind of AI: Automated Inputs. Appropriate Investments. Actionable Insights. These three elements can help employers create retirement plans that drive stronger participant outcomes and better retirement readiness. 1....
Lately, almost every conversation I have with clients, friends and family members seems to arrive at the same place: "What do you think about this AI stock?" or "Should I try to get in on the SpaceX IPO?" It's easy to understand why. We're in the middle of one of the most exciting market stretches in years. Artificial intelligence and semiconductor stocks have driven the major indexes to record...
For many families, education savings and retirement savings are closely connected. Parents may wonder what happens if a child does not use all the money in a 529 plan. Young professionals with student loans may feel they need to prioritize debt repayment before they can start saving for retirement. SECURE 2.0 created two planning opportunities that address these common concerns: limited...
If you've ever stared at your employer retirement plan (i.e., 401k, 403b, 457, etc.) enrollment form and wondered, “Is 6% enough? Should I do 10%? What about Roth?” — you're not alone. This is one of the most common questions I get from clients and prospects, and the answer is more personal than the generic “save 15%” advice you'll read elsewhere. Let's break it down with current data, a clear...
Today is National Be a Millionaire Day! Don’t believe me? It’s on the calendar: https://nationaldaycalendar.com/celebrations/national-be-a-millionaire-day-may-20 If you aren’t a millionaire yet, let’s play a game of Who Wants to Be a Millionaire? If you’re already a millionaire, feel free to play along too. It’s one question, and you get three lifelines. Ready? Ok, let’s play! Celebrating...
If you've recently inherited a traditional IRA from a parent, the rules of the game have changed — and for working professionals in their peak earning years, the tax stakes are higher than most people realize. The IRS finalized its long-awaited inherited IRA regulations in 2024, and as of 2025, annual required minimum distributions (RMDs) are back on the table for most non-spouse beneficiaries....
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