Financial planning news from around the web: Oct. 15 – 19, 2018

In case you missed them, here are some recent interesting financial planning news items from around the web.

High-income retirees' tax rates may be higher than expected because of Social Security
Though high-income retirees are looking forward to lower taxes once they've exited the workplace, they can still expect to pay stealth taxes in the form of Social Security income levies and higher Medicare premiums.

Will the new kiddie tax rules save your clients money?
Kiddie tax rules affect how investment income and other unearned income that children receive get taxed. Although laws are supposed to discourage tax planning that moves income-generating assets into children's hands, changes to the laws could result in an upsurge in returns that seek to take advantage of the provision.

Top 3% of U.S. taxpayers paid majority of income taxes in 2016
If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the IRS.

Study debunks common myths about millennials and investing
New research finds millennials lack confidence making investment decisions, cite lack of investment knowledge as barrier to investing and show limited interest in robo-advisors

Tech Corner - What's the password? Play some music and log in via brainwaves
Researchers at California State Polytechnic University are turning science-fiction into reality with music-based technology that logs you into sensitive programs by examining brainwave patterns. And it won't work if you're under duress.