Senate Finance Committee

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  Sen. Reid Strips Stretch IRA Provision From Senate Bill

  By Melanie Waddell, AdvisorOne  |  February 22, 2012

  Senate Majority Leader Harry Reid, D-Nev., has removed a controversial provision within a Senate highway bill that would have reduced the value of inherited IRAs, commonly referred to as stretch IRAs.

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  Senate Bill Threatens Life of Stretch IRAs

  By Melanie Waddell, AdvisorOne  |  February 21, 2012

  Industry trade groups are up in arms over a provision in a Senate highway bill that would reduce the value of inherited IRAs, commonly referred to as stretch IRAs, and are determined to have it removed.

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  Obama’s 2013 Budget Raises Taxes on Top Earners, Bolsters SEC Budget

  By Melanie Waddell, AdvisorOne  |  February 13, 2012

  President Barack Obama on Monday released his 2013 budget to Congress, which includes boosting taxes for higher income earners as well as allocating more funds to the SEC.

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  Obama and Buffett Rule Make ‘Good Tax Politics, Not Good Tax Policy,’ Expert Says

  By Melanie Waddell, AdvisorOne  |  January 25, 2012

  A central focus of President Barack Obama’s State of the Union address was economic fairness, and requiring the wealthiest to pay more in taxes, but tax specialists and wealth managers say hiking taxes for the rich will do nothing to fix the tax code.

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  Philanthropy Focus: DAFs Get a Nod From Treasury

  By Michael S. Fischer  |  December 12, 2011

  A Treasury report of donor-advised funds finds that their payouts are not below average, but a powerful critic was not assuaged.

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  Joint Congressional Hearing Addresses Derivatives and Tax Reform

  By James J. Green, AdvisorOne  |  December 6, 2011

  Baucus quotes Buffett on limiting ‘potential for mischief;’ witnesses criticize Congress’ piecemeal approach to taxing financial products.

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  Deficit Tax Proposals Would Radically Change 401(k)s: EBRI

  By Jane Wollman Rusoff  |  November 11, 2011

  If enacted, two major tax-reform proposals aimed at shrinking the federal deficit would reduce 401(k) plan contributions and likely send retirement account balances tumbling, according to the nonpartisan EBRI.

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  Social Security’s 3.6% Benefit Increase Scorned as Not Enough

  By Joyce Hanson, AdvisorOne  |  October 20, 2011

  For the first time since 2009, the U.S. government said Wednesday that it will raise Social Security benefits with a cost-of-living adjustment, up 3.6%, and the announcement was followed by praise—and criticism.

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  Senate Republicans on Finance Committee Urge Deficit Panel to Make Changes

  By Melanie Waddell, AdvisorOne  |  October 14, 2011

  Republican senators' recommendations to the Joint Select Committee on Deficit Reduction include repealing the Alternative Minimum Tax and the health-care law and reforming Social Security.

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  New Hires Roundup: New York Life Realigns Retirement Services; Great-West Promotion

  By Marlene Y. Satter, AdvisorOne  |  September 29, 2011

  This week in new hires, New York Life realigned its practice groups and named new team leaders, and also named Sue Ericksen as CIO; Sen. Max Baucus praised Senate approval of three tax court nominees for second terms.