Private Equity Wire

JANUARY 9, 2025

Private investment giant Blackstone, in partnership with smaller investors, is acquiring a majority stake in Citrin Cooperman, a US accounting firm, in a deal that values the company at over $2bn, according to a report by the Financial Times. Private equity has driven a wave of mergers and acquisitions in the accounting sector.

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The Motley Fool

NOVEMBER 10, 2024

Benjamin Franklin once wrote, "[I]n this world, nothing can be said to be certain, except death and taxes." If you're retired, you may or may not have to pay state taxes on your retirement income. Here are 13 states that won't tax your Social Security, 401(k) , individual retirement account (IRA) , or pension income.

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The Motley Fool

SEPTEMBER 28, 2024

Image source: Getty Images HSAs (health savings accounts) are the unsung hero of personal finances. These accounts allow people with qualifying high-deductible insurance plans to set aside $4,150 for single plans and $8,300 for families out of pre-tax dollars. Once you hit age 55, you can add another $1,000 per year.

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The Motley Fool

NOVEMBER 19, 2024

Let's look at a few stark facts about why women need healthcare money -- sometimes even more than men -- and how people of all genders can improve their financial stability with health savings accounts (HSAs). One good way for women (or men) to set aside some extra cash for medical expenses is to use a health savings account.

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The Motley Fool

OCTOBER 23, 2024

There's a simple reason why more seniors are going to be taxed on Social Security Taxes are going to become an issue for more retirees because of the rules that determine when benefits become taxable. Once provisional income goes above this limit, retirees could owe taxes on up to 50% of benefits.

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The Motley Fool

NOVEMBER 24, 2024

Step one is to open a retirement account with a top stock broker so you can start building your investment portfolio. Make the most of tax-advantaged accounts Tax-advantaged accounts can make it a little easier to save for retirement. That gives you time to build up a nest egg. Then take the following three steps.

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The Motley Fool

MARCH 19, 2025

Amazon Amazon, the world's largest e-commerce and cloud infrastructure company, accounts for 0.70% of Berkshire's portfolio. Visa Visa, the world's top card payments processor, accounts for 1% of Berkshire's portfolio. Those partners handle all the accounts and customer debt, while Visa only charges "swipe fees" of 1.5%-3.5%

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The Motley Fool

OCTOBER 10, 2024

Image source: Getty Images If you're like most people, you use a bank account for your everyday transactions. Ideally, you'll pick a great bank account, like these top-rated checking accounts that charge few or no fees, offer perks like overdraft protection, and make it easy to access your money with large ATM networks.

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The Motley Fool

OCTOBER 20, 2024

Image source: The Motley Fool/Upsplash High-yield savings accounts are a great place to put the money you're setting aside for a house down payment, emergency fund, or future investments. But as great as high-yield savings accounts are, there are a few mistakes you can make with them. What does that have to do with savings accounts?

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The Motley Fool

NOVEMBER 11, 2024

Tax-advantaged retirement accounts are wonderful financial vehicles that can help you build wealth and plan for retirement. IRAs and 401Ks allow you to invest with pre-tax dollars, allowing the wonders of compound interest to grow your nest egg until it can help support you when you are no longer working. If you are 85?

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The Motley Fool

JANUARY 27, 2025

The generations that followed the boomers are smaller, so there are fewer workers left to pay the payroll taxes that serve as the program's primary source of funding. Coming up with that kind of cash will require significant changes to tax law and possibly to Social Security benefits. trillion in 2024's dollars.

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Private Equity Wire

APRIL 2, 2025

Providence Equity Partners, a private equity firm specialising in growth-focused investments across media, communications, education, and technology, has acquired Tax Systems, a provider of global tax and accounting software, from mid-market investor Bowmark Capital. Financial terms of the transaction have not been disclosed.

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The Motley Fool

SEPTEMBER 13, 2024

They deposit the money into their checking account while deciding what to do with it. That's because FinCEN knows there are thousands of reasons why someone might deposit more than $10,000 into their checking account, the vast majority of which are 100% innocent. The Smurfs are instructed to open a handful of bank accounts.

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The Motley Fool

JANUARY 21, 2025

You don't want to pay taxes on your retirement account withdrawals The main advantage of Roth IRAs is that you get tax-free withdrawals in retirement, as long as you're at least 59 1/2 years old and have had the account for at least five years. You could also invest it in a taxable brokerage account.

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The Motley Fool

NOVEMBER 30, 2024

I'm a brand-new retirement investor, having opened my first-ever retirement account just a few months ago at age 40. I grew up in a household with multiple small businesses and an often shaky financial situation, rather than with parents with office jobs who contributed diligently to employer-provided retirement accounts.

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The Motley Fool

NOVEMBER 21, 2024

We've transformed the company from a tax and accounting platform to an AI-driven expert platform. Starting with our consumer platform, Big Bet 3 is focused on helping customers make smart money decisions, take steps to improve their financial health year round, achieve their best tax outcome, and accelerate the receipt of their refund.

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The Motley Fool

DECEMBER 30, 2024

Shopify also provides financial solutions for payment processing, bill payments, tax filing, and account management. In fact, its merchants account for more than 10% online retail sales in the U.S., Additionally, the company also supports merchants with tools for marketing, logistics, and wholesale commerce, among others.

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The Motley Fool

MARCH 28, 2025

Do the ins and outs of required minimum distributions (RMDs) from individual retirement accounts (IRAs) have you feeling a bit overwhelmed? Before doing anything RMD-related for tax year 2024, there are five easily avoidable mistakes you'll want to make sure you sidestep. Don't panic! RMDs aren't as complicated as you might think.

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The Motley Fool

DECEMBER 3, 2024

Tax-deferred retirement accounts like traditional IRAs and 401(k) plans let investors reduce their tax burden in a given year by deducting contributions from their gross income. But the tax payments cannot be postponed indefinitely. Specifically, as of 2024, the RMD rules no longer apply to Roth 401(k) account holders.

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The Motley Fool

OCTOBER 21, 2024

To this end, here's a rundown of four simple strategies for minimizing the tax bills created by required minimum distributions -- or RMDs -- from your IRA accounts once you can no longer postpone them. The amount is a percentage of the account's value that changes with your age. What's a required minimum distribution?

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Private Equity Insights

APRIL 4, 2025

profit following sale of womens team Chelsea Football Club, owned by a consortium led by private equity firm Clearlake Capital and investor Todd Boehly, has reported a pre-tax profit of 128.4m This transaction may account for a significant portion of the 198.7m gain from subsidiary disposals listed in the latest accounts.

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The Motley Fool

OCTOBER 8, 2024

Retirement accounts, like IRAs and 401(k)s , come with several advantages for investors. One of the most important is you can defer the taxes on your contributions. But you can't wait forever to pay your tax bill. That's why it imposes required minimum distributions (RMDs) on traditional retirement accounts.

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The Motley Fool

SEPTEMBER 21, 2024

One of the biggest for many retirement account holders is required minimum distributions , or RMDs. While you get a tax break when you contribute to a tax-deferred retirement account like an IRA or 401(k) , Uncle Sam eventually wants his cut. That could result in a significant tax burden for some retirees.

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The Motley Fool

OCTOBER 23, 2024

The big advantage of those accounts is that you can deduct your contributions from your taxes. With a lower tax bill, you'll have more money to invest and save for your future. By the time you retire, you could have a sizable nest egg in those pre-tax accounts along with some money in a taxable brokerage account.

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The Motley Fool

MARCH 28, 2025

Meet the RMD Here's how the Internal Revenue Service itself defines RMDs: "Required minimum distributions (RMDs) are the minimum amounts you must withdraw from your retirement accounts each year. You generally must start taking withdrawals from your traditional IRA , SEP IRA , SIMPLE IRA , and retirement plan accounts when you reach age 73."

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The Motley Fool

NOVEMBER 16, 2024

But at its current price of about $71 and enterprise value of $153 billion, Uber's stock still looks reasonably valued at 31 times forward earnings and 17 times next year's adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ). That might be why some billionaires have been loading up on Uber's stock.

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The Motley Fool

DECEMBER 14, 2024

One thing that makes retirement accounts like a 401(k) or IRA extremely attractive is the tax advantages they offer. Instead of paying taxes upfront, you can defer those taxes well into retirement. But you can't defer those taxes forever. Eventually, the government wants its tax revenue.

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The Motley Fool

NOVEMBER 3, 2024

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make them. But you can't defer those income taxes forever. Eventually, Uncle Sam wants his cut. 31 of every year).

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The Motley Fool

SEPTEMBER 17, 2024

Knowing the latest rules for traditional and Roth IRAs can help you maximize your tax advantages, save more money for retirement, and avoid unexpected tax bills. This is especially important for people who inherit an IRA and might not be ready for the tax consequences. Here are a few big changes coming to IRAs in 2025.

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The Motley Fool

MARCH 19, 2025

Tax-efficient moves Uncle Sam will want a share of your gains at some point. If you just open a standard brokerage account, you'll put after-tax dollars into that account and then pay capital gains tax when you sell your investments and withdraw the resulting cash. There are several options on the table.

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The Motley Fool

OCTOBER 1, 2024

But you must make contributions to your own account before your employer will set anything aside. They give you the freedom to invest your money however you'd like, and you also get a say in when you pay taxes on your funds. That's the limit for all your IRAs, not each account individually. Image source: Getty Images.

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The Motley Fool

OCTOBER 24, 2024

There are different kinds of college savings plans, but all states except Wyoming offer these types of investment accounts. Generally speaking, 529 plans are accounts with low required minimum contributions. These funds can be invested and ultimately withdrawn tax-free. Or are you worried your child might not attend college?

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The Motley Fool

NOVEMBER 6, 2024

The IRS just released the 2025 contribution and income limits for retirement accounts, including Roth IRAs. A quick primer on the Roth IRA The Roth IRA is one of the hottest retirement accounts around, and being able to contribute to it each year is a big deal for many. The tax-free growth and income you get to enjoy in retirement.

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The Motley Fool

OCTOBER 18, 2024

Many families see 529 plans as the go-to college savings accounts because of their tax benefits. Your contributions might reduce your state income tax liability, depending on your plan, and interest grows tax deferred. If you use the money for qualifying educational expenses, you won't owe any taxes on withdrawals.

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The Motley Fool

MARCH 11, 2025

See our expert picks for the best FDIC-insured high-yield savings accounts available today - enjoy peace of mind with competitive rates. But when it comes to where to keep your cash, retirees should also consider having a high-yield savings account (HYSA). Check out our list of the best high-yield savings accounts now.

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The Motley Fool

SEPTEMBER 13, 2024

Depending on your income, your state might tax a portion of your benefits. How to keep more of your Social Security benefits Before focusing on individual states, everyone collecting Social Security should know how their benefits are taxed by the federal government. It pays to plan ahead for taxes in retirement.

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The Motley Fool

OCTOBER 19, 2024

Franklin famously said, "In this world, nothing is certain except death and taxes." Well, it turns out that while none of us can avoid death, you can avoid some taxes in retirement and retirement planning. And that is a good thing, because creating a retirement plan that avoids taxes to the extent possible is smart. What to do?

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