IRS audit rates for individual income tax returns have fallen since 2010, but this pattern could reverse as the agency ramps up enforcement. The Inflation Reduction Act of 2022 provided the IRS with an influx of about $80...
Business Owners Should Prepare for Stronger Tax Enforcement
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The Inflation Reduction Act of 2022 is providing the IRS with an influx of about $80 billion to modernize outdated technology and rebuild a depleted workforce, which is expected to improve enforcement to the tune of about $200...
Congress Passes SECURE 2.0 A New Set of Retirement Rules
In the final days of 2022, Congress passed a new set of retirement rules designed to facilitate a contribution to retirement plans and access to those funds earmarked for retirement.
The law is called SECURE 2.0 and is a...
Random Acts of Financial Kindness
Acts of kindness, even small ones, can have lasting benefits. You may not always see the impact of your investment of time or money, but your acts of kindness will ripple through the lives of people you know...or don't know....
Tapping Retirement Savings During A Financial Crisis
As the number of COVID-19 cases began to skyrocket in March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation may make it easier for Americans to access money in their...
Do You Know Your Mutual Funds?
Know Your Mutual Funds
Almost 100 million Americans, representing about 44% of U.S. households, owned mutual funds in 2018. Saving for retirement was the primary goal for 73% of investors; other goals included saving for...
For Women: Pay Gap Could Lead to a Retirement Gap
Women in the workforce generally earn less than men. While the gender pay gap is narrowing, it is still significant. The difference in wages, coupled with other factors, can lead to a shortfall in retirement savings for women.