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he IRS has released new guidance regarding a significant tax deduction for qualified overtime compensation established by the One, Big, Beautiful Bill Act (OBBBA). This deduction is intended to provide relief to workers required to work beyond the standard 40-hour workweek.

The first month of 2026 proved to be a high-stakes rollercoaster for U.S. equities. January was defined by a sharp dichotomy: while the S&P 500® reached new all-time highs and closed the month up 1.45%,

Navigating the complexities of tax law can be daunting, but the IRS provides a foundational document, Publication 1, to ensure every taxpayer understands their fundamental protections. Known as the Taxpayer Bill of Rights, these ten principles govern your interactions with the IRS, from routine filings to examinations and appeals.

To build on our discussion of the white paper by Surya Kolluri, Olivia S. Mitchell, and Nikolai Roussanov (see the blog post "Navigating the Longevity Revolution"),  here is a detailed breakdown of the "Silver Dividend" strategy and a summary of the specific policy recommendations for employers. The "Silver Dividend" Strategy: Turning Longevity into Growth As global populations age, there is a risk of lower economic growth due to a shrinking workforce and lower capital accumu

The global demographic landscape is undergoing a profound transformation. According to a recent working paper by Surya Kolluri, Olivia S. Mitchell, and Nikolai Roussanov , the United Nations forecasts that the global population of older adults will reach 1.6 billion by 2050 —double the number recorded in 2021. This shift is not merely a matter of numbers; it represents a fundamental change in how societies must approach the intersection of health, wealth, and work in later li

Whether you are filing independently or working with a professional, organization is the essential first step to a successful tax season. Compiling your documentation early can help ensure an accurate return, potentially allow you to claim all eligible credits, and prevent errors that could delay your refund. Essential Personal Information Before looking at income statements, ensure you have the following personal records ready: Identification : Social Security numbers or Ind

As we head into 2026, the investment landscape is being reshaped by a singular, powerful force: Artificial Intelligence. A cross-analysis of the 2026 market outlooks from Vanguard , Fidelity , and BlackRock  reveals a consensus that while AI is driving a transformative economic cycle, investors must navigate significant risks, including market concentration, sticky inflation, and high valuations. Here are the three common themes that dominate the 2026 forecasts from these lea

Index 1 Month % Year To date % One Year % S&P 500 Total Return 0.06 17.88 17.88 NASDAQ Composite** (0.15) 20.54 20.54 S&P Developed Ex-US BMI* 3.60 35.49 35.49 Dow Jones Commodity (DJCI) (0.41) 13.78 13.78 S&P US Aggregate Bond* (0.01) 7.20 7.20 Despite several headwinds at the start of 2025, the US stock market posted its 3rd consecutive year of gains. Mega-cap stocks led returns, and all large-cap sectors ended 2025 higher. Communication Services and Information Technology

Challenges of Long-Term Care

5 Year end tax moves to consider

New Trump Account The IRS and Treasury Department recently released Notice 2025-68 , detailing the upcoming regulations for Trump Accounts , a new tax-advantaged savings vehicle created by the One, Big, Beautiful Bill Act (OBBBA) . Designed as specialized Traditional IRAs for individuals under the age of 18, these accounts feature unique contribution rules, investment mandates, and government incentives intended to build long-term wealth for the next generation. Below is a su

Index 1 Month % Year To date % One Year % S&P 500 Total Return 0.25 17.81 15.00 NASDAQ Composite** (1.94) 21.00 21.58 S&P Developed Ex-US BMI* 0.01 29.84 26.24 Dow Jones Commodity (DJCI) 1.7 14.24 16.85 S&P US Aggregate Bond* 0.66 7.32 6.42 Concerns over the government shutdown, technology sector valuations, low consumer confidence, and a shift in consensus toward a December rate cut dominated headlines in November, driving volatility in the stock market. Investors rotated in

It is Medicare open enrollment, and that brings out the fraudsters. Medicare fraud and abuse are serious issues that impact the healthcare system and beneficiaries. Proactive vigilance is essential for protecting your benefits and personal information. Protect Your Information and Claims To help spot and prevent Medicare fraud and abuse, adopt the following practices: Secure Your Data:  Always protect your Medicare card, Medicare Number, and other personal identifiers. Never

2026 Cost of Living Adjustments for Retirement Savings

One Big Beautiful Bill (OBBB) On July 4, 2025, the "One Big Beautiful Bill Act" (OBBB) [Pub. L. No. 119-21] was signed into law, finalizing a comprehensive set of US tax cuts and changes. These changes affect a wide range of taxpayers, from individuals to large corporations. The following is a breakdown of some of the income tax modifications impacting individuals and noncorporate businesses under the new law. Key Changes for Individual Taxpayers The OBBB introduces several p

Index 1 Month % Year To date % One Year % S&P 500 Total Return 2.34 22.86 30.07 NASDAQ Composite** 5.47 17.93 27.37 S&P Developed Ex-US BMI* 2.35 29.92 26.45 Dow Jones Commodity (DJCI) 3.31 12.33 14.96 S&P US Aggregate Bond* 0.66 6.66 6.13                                                                                                                                                                                             U.S. equities had another good month with the S&P 50

Great news for taxpayers in high-tax states! A new tax law has temporarily raised the federal deduction cap for State and Local Taxes (SALT)  from $10,000 to $40,000  for tax year 2025. This change creates a significant tax-saving opportunity for many, particularly those in blue states with higher income and property taxes. This expanded deduction is an itemized deduction, meaning it's only valuable if your total itemized deductions (including mortgage interest, charitable do

In recent months, a compelling parallel has emerged between the current equity market environment and the late 1990s.

Optimizing your Social Security Benefits