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Suppose you have a client who left his employer at age 53, and will be 55 this year. He would like to make withdrawals from his 403(b) account without the IRS penalty tax being imposed. In Tech Talk, Ellie Lowder tells us if he can.
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Qualified charitable distributions (QCD) are now permanent. In MarketBeat, Lynn Knight writes about what this feature allows IRA owners and beneficiaries who are at least 70½ or older to do.
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Some retirees and IRA holders who turned age 70½ in 2015 had to take required minimum distributions (RMDs) by April 1. Other retirees and IRA holders must take them by New Year’s Eve, as the IRS recently reminded. The Financial Industry Regulatory Authority (FINRA) has taken the opportunity to...
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It was a lengthy odyssey, to say the least, but on April 6 the Department of Labor (DOL) issued the final version of the much-discussed fiduciary regulation. It will have a big impact — and 403(b) advisors are among those who have much to digest regarding its implementation and import. Accordingly...
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“Act your age!” An admonishment usually reserved for young people, but not exclusively. T. Rowe Price recently developed a way for individuals to find determine if they act their retirement savings age. And interestingly, they found that the most retirement-savvy generation may be — of all things...
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A new survey says that 77% of Americans over the age of 40 don’t know how much they can withdraw without running out of money, though it’s hard not to see that as a conservative figure.The survey, conducted by Ipsos Public Affairs on behalf of New York Life, says that 23% of respondents realize...
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Everyone is well aware of the need for cybersecurity and protecting the privacy of data. But there is an additional concern for retirement plan fiduciaries — they are important to fulfilling fiduciary duty.In a recent posting on the ML Benebits blog, Matthew Hawes and Patrick Rehfield argue that...
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When life hands you lemons, make lemonade. So goes the oft-quoted maxim — and recent assessments suggest that it even may apply for those who anticipate that the fiduciary rule the Department of Labor (DOL) released on April 6 may create challenges. A recent report from Cerulli Associates, as well...
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With time running out on its 2016 legislative session, the Maryland House has passed the state’s auto-IRA bill by a veto-proof majority.That, coupled with the unanimous vote in support by the Old Line State’s Senate earlier in the week, makes it almost a foregone conclusion that Gov. Larry Hogan (R...
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The PATH Act, enacted Dec. 18, 2015, affects the money that can be rolled over into a SIMPLE IRA. In MarketBeat, Susan Diehl writes that many financial institutions have been struggling with such rollovers, and provides a breakdown of how this change affects SIMPLE plans and what institutions need...
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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...