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Some parents would rather speak to their children about practically anything other than money. But such reluctance carries a high price. While there are many legitimate ways to discuss finances...

In year-end legislation, the Consolidated Appropriations Act of 2016 finally made permanent qualified charitable distributions (QCDs) from individual retirement accounts.1 Some IRA owners made QCDs earlier this year, anticipating QCDs made on or after Jan. 1, 2015 would be recognized for federal income tax purposes. That bet turned out to be a winner.

IRS Announces 2016 Contribution Limits

Posted by Team HFM on February 02, 2016

WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016.