To raise revenue, lawmakers unlocked $12 billion in taxes owed by easing the rules on when you can convert traditional 401(k) assets to Roth 401(k) assets.
Tax Policy
What’s Getting Cheaper – and What You’ll Pay More for – in 2013
It’s the time of year when lists are made forecasting the rise and fall of household expenses, big and small. Accordingly, it may also be time to tweak the family budget.
At Long Last, a Permanent Patch for a Dreaded Tax
The Alternative Minimum Tax has threatened the middle class for decades. Now it won’t. Score one for the fiscal-cliff deal.
Why the Fiscal Cliff Deal Should Have Included Social Security
Social Security may not add to the deficit, but it does add to the national debt. Fortunately, it’s easy to fix this.
7 Ways Taxpayers are Readying for Fiscal Cliff
Time is running short for year-end tax moves, and it now seems clear that any money-saving maneuvers must be based on what’s likely—not what’s certain.
Why Limiting the Charity Tax Deduction Won’t Destroy Charities
Democrats worry that a GOP proposal to curb deductions for charitable giving would crush the finances of key nonprofits. It wouldn’t. People give for dozens of reasons that have nothing to do with tax savings.
Birth Rate Plunges During Recession
Birth rates hit an historic low in America last year. This small number of newborns will hit the workforce in 20 years, just as the last baby boomer reaches full retirement age. The pension math is not pretty.
Fiscal Cliff: Why Congress Might Have to Mess with the 401(k)
Everything is on the table as Congress wrestles with the fiscal cliff, heightening long-held fears about the tax-free and tax-deferred growth embedded in retirement accounts.
5 Career Paths to the Millionaire’s Club
Wealthy Americans cite five paths to wealth. Here they are.
5 Tax Moves to Make by Yearend
There’s a reason that Wal-Mart, Wynn Resorts and hundreds of other companies are accelerating dividend payments into this year: Tax rates are going up. Individuals should be looking at similar steps. Here are five that make sense now.
The Pessimist’s Guide to Surviving the Fiscal Cliff
Whatever the budget deal, it probably won’t be able to prevent sluggish growth and the risk of rising inflation.
Is the U.S. Waging a War on Savers?
Government policies that discourage saving are one of the chief reasons that so many Americans fail to put money away regularly.