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A client who is being sued by her ex-husband for child support wants to claim financial hardship for legal fees. Would this qualify for hardship withdrawal? In this week’s Tech Talk, Ellie Lowder reviews the safe harbor rules for hardship withdrawals and tells us whether the ex-wife can make that...
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Suppose a school district is considering hiring a retiree older than age 62 and who is collecting Social Security. The district and the employee are trying to find a way to keep the employee’s income from exceeding the Social Security income threshold. In this week’s Tech Talk, Ellie Lowder tells...
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The popularity of annuities featuring guaranteed minimum income benefit riders, or GMIBs, tends to surge following market downturns like in 2000 and 2008. Conversely, during market advances like we’re seeing today, buyer’s remorse can set in as annuitants eyeball alternative investments with much...
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There is further to go in building the solvency of the Colorado public employee pension system and one way to accomplish that is through more cautious investment practices, says state Treasurer Walker Stapleton (R). Stapleton, reelected in November, made his comments in a Jan. 4 interview on...
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The New Jersey public pension system needs to be fixed. On that, Gov. Chris Christi (R) and State Senate President Steve Sweeney (D-West Deptford) agree. But implementation of steps to get there is another matter, as Christie and Sweeney differ on how much the state should be putting into the...
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Illinois has become the first state to put in place a state-run retirement plan in which private-sector employees can participate. Gov. Pat Quinn (D) on Jan. 4 signed into law SB2758, the measure that creates the Illinois Secure Choice Savings Program. All employers in Illinois must offer the...
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How does California Insurance Code Section 770.3 apply to 403b investments through payroll deduction at school districts? Also, does California require a third party administrator (TPA) to be licensed, and is there an associated registry? In this week’s Tech Talk, Ellie Lowder gives us the answers...
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IRS Notice 2014-54 helped eliminate tax consequences on after-tax conversions from a 403(b) plan to Roth accounts. In this week’s MarketBeat, Kimberly Flett points out that there are some positive implications as well as some limitations to such contributions.
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The popularity of annuities featuring guaranteed minimum income benefit riders, or GMIBs, tends to surge following market downturns like in 2000 and 2008. Conversely, during market advances like we’re seeing today, buyer’s remorse can set in as annuitants eyeball alternative investments with much...
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The third quarter of 2014 brought good news and bad news for the 100 largest public pension plans in the United States. The bad news: The Census Bureau reports that their total holdings in cash and security amounted to $3.305 trillion, down from the $3.365 trillion of the second quarter of 2014....
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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...