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State and local retirement plans will be able to cover qualifying public charter school employees without adverse consequences if regulations the IRS proposed on Jan. 23 are adopted. IRS Notice 2015-7 would change the definition of governmental plan under Internal Revenue Code Section 414(d) so...
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There has been a lot of discussion recently regarding the use of exchange-traded funds (ETFs) and self-directed brokerage accounts (SDBAs) in 401(k)s. But what about 403(b)s? In this week’s MarketBeat, Diane D. Capone takes a look at ETFs and SDBAs and the challenges they present to the 403(b) plan...
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Suppose you are a new third party administrator in California, or you are a TPA moving there. In this week’s Tech Talk, Ellie Lowder provides information about the registration requirements for such a TPA.
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A year ago, President Obama touted the voluntary MyRA in his State of the Union Address — but the White House has a lot more to say about retirement this year — and it’s a lot less voluntary. According to a White House fact sheet, the administration is touting a series of retirement tax reform...
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The curtain appears to be far from closing on the drama surrounding the New Jersey pension system. The state's Assistant Attorney General Jean Reilly on Jan. 15 argued before New Jersey Superior Court Judge Mary Jacobson that New Jersey can’t be compelled to make contributions to the state’s...
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Folks involved with the State of the Union address have indicated that President Obama will speak to the “retirement advice loophole” and the proposal to ensure that all Americans receive investment advice that is in their best interest. This is the administration signal that they are moving...
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Retirement readiness is an increasing concern among 403(b) plan sponsors. In this week’s Marketbeat, Michael Webb examines retirement readiness and argues that while it is not an easy problem to solve, it also is an opportunity for advisors and plan vendors to provide valuable assistance.
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With President Obama poised to deliver his State of the Union address on Jan. 20, a powerful coalition of retirement, union and so-called consumer protection groups have launched a new attack on retirement plan advisors. The coalition’s website, Saveourretirement.com, intends to create grassroots...
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Illinois Attorney General Lisa Madigan (D) is arguing that the Land of Lincoln has “police powers” that allow it to change a contract in extraordinary circumstances, including changes to the state’s public pensions contained in a 2013 pension overhaul. Madigan is appealing a lower court ruling...
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Overall, 75% of the states have passing grades regarding their public pension plans. But that bit of at least fairly good news is not the whole story. The Urban Institute’s latest rating of public pension plans in all 50 states contains some good news, but also draws attention to plenty of red...
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Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...