Practice Management

The DOL delayed the fiduciary rule 60 days from April 10, 2017 to June 9, 2017. In MarketBeat, Kimberly Flett writes that although this postponement is in effect, plan sponsors, retirement plan investors and advisers should be aware of the important components of this rule and prepare for the... READ MORE

Bipartisan, bicameral legislation that would require 401(k) plan sponsors to inform participating workers of the projected monthly income they could expect at retirement has been reintroduced on Capitol Hill.The legislation, The Lifetime Income Disclosure Act (S.868), was introduced in the Senate... READ MORE

“Life is complicated and has many moving pieces. One can’t look at retirement in a vacuum,” American Academy of Actuaries Senior Pension Fellow Ted Goldman says of the effort to address and foster employees’ financial wellness.Goldman spoke at an April 5 session of the Enrolled Actuaries meeting in... READ MORE

Many factors make preparing financially for retirement planning complicated. A recent blog post posits that there is a hierarchy to competing financial concerns, and understanding that hierarchy can help one to better — and more effectively — prepare for and finance retirement.In “Behavioral Biases... READ MORE

Your client has already filed his 2016 income tax return and has now decided to make a deductible IRA contribution for 2016. In Tech Talk, Ellie Lowder tells us what that client needs to do, and when. READ MORE

Not all of the reaction to the Department of Labor’s (DOL) fiduciary rule has been negative, or even grudging, acceptance. Every class had at least one kid who not only did their homework but also turned it in before the deadline — and it turns out that proclivity is alive and well in the boardroom... READ MORE

The Department of Labor (DOL) has outlined its approach to enforcement of the fiduciary regulation if the April 10 applicability date for the fiduciary regulation isn’t delayed (before April 10). Noting that “financial institutions have expressed concern about investor confusion and other... READ MORE

On Feb. 23, Connecticut House Bill 7161 was introduced. Entitled “An Act Requiring Service Providers Under Certain Retirement Plans to Disclose Conflicts of Interest,” the bill requires all service providers to 403(b) plans in Connecticut to describe their services and disclose all the direct and... READ MORE

The IRS has updated the portion of its website that addresses how to self-correct defective 403(b) plan provisions during the remedial amendment period (RAP).Self-corrections of plan provisions that violate the Internal Revenue Code Section 403(b) written plan rules may be made by adopting plan... READ MORE