“Has anyone had clients actually do the apocryphal story of a client using a 529 to go on a continuing education cruise of Europe?” asked one of my peers in a recent forum, “Trying to figure (this out) after client asked.” Can You Get An Education At Sea? There are a host of companies offering
Taxes
Since the Roth IRA was created in 1997, a portion of the financial services community warned the Roth IRA was a trap. Congress would wait until Roth accounts held trillions of dollars, then repeal all or some of the tax benefits. From the start, I’ve been skeptical of the arguments that Roth IRAs are a
On Mar. 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act—the CARES Act—was signed into law in response to the challenges facing the US economy due to the Covid pandemic. Nearly three years later, IRS Criminal Investigation (IRS-CI) reports that it has investigated 975 tax and money laundering cases related to Covid fraud, with
During the week, Eugene Hall uses his tech savvy to chase down tax cheats, identity thieves and other fiscal frauds. And on football Sundays, he assesses penalties—five and ten yards at a time. On Sundays, during the NFL season, you can spot Eugene Hall as side judge 103, making critical calls about whether a catch
Today’s Social Security column addresses questions about how spousal benefit rates are calculated, how continuing to work can affect benefit rates and when survivor’s benefits can become available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have