Out-of-pocket health care costs in retirement can total about $4,300 a year for the average retiree, according to the Center for Retirement Research at Boston College. These expenses may include Medicare and Medigap premiums, and health care costs are expected to rise.
The Financial Accounting Standards Board made clarifying changes and corrected unintended application of guidance Monday in a standard that updates its Accounting Standards Codification.
Unclaimed property laws may allow states to liquidate retirement accounts, which can create tax headaches for the people they belong to. Here's a look at the issue and a discussion of why a Pennsylvania law may affect many people, regardless of whether they live in the state.
The Internal Revenue Service is in the process of modernizing its first-time abatement procedures to ensure they are applied consistently to taxpayers. Find out about those changes and other developments in this area.
One month after the Supreme Court ruled in South Dakota v. Wayfair, Inc., small online sellers are considering how to deal with the potential for increased compliance costs.
The EU and Japan have launched a free trade zone that encompasses 600 million people and almost a third of the world's GDP. Japanese Prime Minister Shinzo Abe, European Commission President Jean-Claude Juncker and European Council President Donald Tusk signed the agreement Tuesday at the EU-Japan Summit.
The current CFO at Schlumberger, Simon Ayat, will retire this year.