Limit tax exposure and establish plans to get the most from your income and assets.
What You Need to Know About the SECURE 2.0 Act
Just when you thought you had an up-to-date retirement plan solidified, accounting for all the changes of the Setting Every Community Up for Retirement (SECURE) Act of 2019, Congress wrapped up 2022 with the SECURE 2.0 Act.
Comprehensive Key Numbers
These days when we talk about inflation, we likely discuss how much more we have been paying for food and gasoline. But inflation also should factor into our tax & financial planning for 2025.
IRS Clarifies Basis Consistency Rules: What Executors and Beneficiaries Need to Know
On Sept. 16, the Department of Treasury issued final regulations regarding basis consistency. These regulations arrived 8½ years after the initial proposal. This article examines what the decision could mean for beneficiaries and estate executors.
What You Need to Know About RMDs: Age 73 Is the New 72 and More
The bad news is that as you approach your golden years, that tax bill is about to come due. But there is at least some good news, too.
What the IRS Reversal on Tax Reimbursement Clauses in IDGTs Means
The office of the chief counsel of the Internal Revenue Service (IRS) recently made a 180-degree reversal of the agency’s long-held position on tax reimbursement clauses in grantor trusts. The move could have significant tax implications for those who use the trusts as wealth transfer and tax information tools.
The ABCs of 529 Plans
529 plans are tax-advantaged education savings vehicles and one of the most popular ways to save for education today. Much like the way 401(k) plans revolutionized the world of retirement savings a few decades ago, 529 plans have changed the world of education savings.
Six Smart Strategies to Defer Taxes (and Boost Retirement Savings)
Looking to trim your tax bill? Contributing the maximum amount to your 401(k) can help lessen your taxable income.
The Key Wealth Institute is comprised of financial professionals representing KeyBank National Association (KeyBank) and certain affiliates, such as Key Investment Services LLC (KIS) and KeyCorp Insurance Agency USA Inc. (KIA).
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