Generation Gaps Among Americans in Retirement Planning
Takeaways Retirement planning confidence varies significantly across generations, influenced by economic factors and unique challenges. Current retirees advise paying down debt, beginning to save early, and utilizing employer-sponsored plans for successful retirement....
Congress Considering Full Repeal of Estate Tax
Takeaways Republicans are pushing to repeal the federal estate tax, which they call the “death tax,” arguing it burdens family businesses and farms. Democrats contend it is a key tool for reducing wealth concentration. The tax currently applies to a small percentage...
How Estate Plans Can Help Family Members Avoid Legal Battles
Takeaways Family problems can become legal issues when a loved one needs end-of-life care or passes away, leaving an inheritance. A comprehensive estate plan can help your loved ones avoid family fights by addressing potential issues before they become legal...
How IRS Layoffs May Affect Your Taxes and Estate Planning
Takeaways The Internal Revenue Service (IRS) is likely to see a continuing reduction in its workforce under the second Trump administration. Some experts assert that dramatic reductions in IRS staff could potentially lead to delayed tax return processing, reduced...