According to Fidelity Investments®’ biennial Retirement Savings Assessment study, which features a unique Retirement Preparedness Measure (RPM), people are saving more and investing more appropriately for their age, improving the overall state of retirement readiness of households in America...
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Congress Makes “Permanent” the Qualified Charitable Distribution from IRAs
With the passage of the Protecting Americans from Tax Hikes (PATH) Act of 2015, Congress once again retroactively reinstated many of the tax extenders that were renewed and then expired at the end of 2014. Michael Kitces does a good job of highlighting the major points here. One major change from previous year’s legislation regarding extenders is that this Act makes most of these provisions permanent, meaning that next year at this time taxpayers won’t be put in limbo waiting to see if Congress will approve them for another year....