The following question asked to Harry Gross is a standard question asked by many IRA participants: Dear Harry: I am 66 years old and retired. I have significant IRAs and own two-thirds of a Limited Liability Company (LLC)... Continue Reading
The Obama administration acted Wednesday to require that brokers who recommend investments for retirement savers meet a stricter standard that now applies to registered advisers: They must act as "fiduciaries" — trustees who... Continue Reading
When it comes to saving for retirement, many investors already know how well the Roth IRA fends off Uncle Sam. But what they may not realize is that it’s equally effective as an estate-planning tool. Seniors who convert a... Continue Reading
The internal Revenue Service finished its 2016 “Dirty Dozen” tax scams list by warning taxpayers against using frivolous tax arguments to avoid paying their taxes. Also, the IRS released the 2016 version of “The Truth... Continue Reading
In a decision that could potentially have wide-reaching effects, the U.S. Court of Appeals for the Third Circuit has ruled that ERISA plan administrators must specifically state contractual time limits for seeking judicial review... Continue Reading