Michigan-based DeLong & Brower Financial Services will join up with Texas-based Farpoint to establish a national network of tax, insurance and wealth management professionals, Cetera says.

Recent changes could force wealthier retirees to pull money faster from IRAs and result in higher taxes, so for some retirees pulling more money now could be beneficial and planning long-term is essential, retirement experts say.

Tax management may be especially important amid volatile stock markets. Direct indexing can help advisors be more efficient.

Massachusetts tax payers with annual incomes of over $1 million will faces a 4% surtax on top of the flat 5% state income tax rate, while California tax payers earning above $2 million will not have to face a proposed 1.75% surtax.

UBS suggests ways to take advantage of the higher thresholds.

The maximum IRA contribution for 2023 will rise $500, to $6,500, meanwhile.

The agency is raising tax-bracket thresholds, standard deductions and the alternative minimum tax exemption.

Heirs to retirement plans may not have to pay a penalty for having missed the typical required minimum distribution this year or last.

Marta Norton, Morningstar Investment Management's chief investment officer of the Americas, spoke to FundFire about the growing use of third-party models, as well as personalization, including direct indexing.

ETF Insider for September 15, 2022