A retirement income plan is more than just taking out money from defined contribution plans as needed; it will likely require a combination of investments, strategies and products.
Many Baby Boomers have not saved enough, a survey found, and many are also not thinking of important elements of a plan for retirement.
It’s been more than a year since the Tax Cuts and Jobs Act (TCJA) was passed, but with tax season now upon us, we will first learn how the new legislation will affect us and our tax bill. Financial professionals have an opportunity to add value to clients during this confusing time—and it’s not too late to help your clients minimize tax impacts and maximize deductions. Here are a few quick tips you can bring to clients to help them get the best outcomes under the new tax regime.