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Delaware is pursuing an interstate collaboration for the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) Program. It launched the program in 2022.  According to the office of State Treasurer Colleen Davis, the EARNS Program board on July 13 voted unanimously to authorize her... READ MORE
The IRS on July 14 made multiple announcements concerning required minimum distributions (RMDs), including relief concerning RMDs and rollovers in accordance with Section 107 of SECURE 2.0. The guidance is contained in Notice 2023-54.  Transition Relief  The IRS says that after SECURE 2.0 was... READ MORE
Let’s face it. Annuities generally are not well-received in much of the retirement plan adviser community. From the historical impression that “annuities are sold, not bought,” to some advisers perceived baggage associated with being that ghastly “licensed insurance agent,” to the historically “... READ MORE
State programs to provide coverage to private-sector employees whose employers do not provide a retirement plan are in motion, and there is a little more traffic on the road. RetirePath Virginia Hits the Road RetirePath Virginia, the state-run program that will provide retirement plan coverage to... READ MORE
Until recently, the federal law governing most private retirement was seldom a subject of national headlines—let alone the subject of an Instagram reel by the Speaker of the House.    But Speaker Kevin McCarthy and others have proclaimed that it now allows investment managers for many workplace... READ MORE
As human beings, writes Nevin E. Adams JD in MarketBeat, we’re drawn to perspectives, surveys, and studies that validate our sense of the world—which tends to make us discount opposing findings. He offers ideas for evaluating those findings. READ MORE
A report from Schwab Retirement Plan Services shows that worker attendance at educational sessions about 401(k) plans and other financial topics reached new heights in 2022, writes Ted Godbout in MarketBeat. He continues that virtual live and on-demand sessions drove the most participation.  READ MORE
The nuts and bolts of running a state program to provide retirement plan coverage to private-sector employees whose employers do not is occupying state governments' time lately.  Fine-Tuning the Retirement Savings Program Down East   The government of Maine has enacted a measure that adjusts its... READ MORE
Nevada private-sector employees whose employers do not provide retirement plans have struck gold: the Silver State has joined those that are providing such programs. The comparable plan provided by neighboring Oregon, the first state to put one in place, now counts more than $200 million in its... READ MORE
Recently, the nation’s longest-running gauge of the nation’s retirement confidence painted a bleak, but understandable read on that measure, writes Nevin E. Adams, JD, in MarketBeat. He continues that in the midst of a volatile market and inflation, it would have been disconcerting if a decline in... READ MORE
Editor’s Note: This is part one of a 3-part series. Also see the four accompanying charts at the end for complementary information. Tax-exempt organizations have the choice of setting up either a 403(b) or a 401(k) plan. Adding to that list are the governmental public education employers (public... READ MORE
A big piece of fixing Alaska’s problem with teacher staffing is addressing retirement plan issues, says none other than the Majority Leader of the State Senate.  Cathy Giessel (R-Anchorage), the Majority Leader of the Alaska Senate, made her comments as a panelist in the June 12 National Institute... READ MORE
The recent 2023 NTSA Summit provided a unique opportunity to connect and also to gain from the insights of industry experts. Following is a quick rundown of our coverage of the event.  NTSA Leadership Stubbs Takes the Helm as 2023 NTSA President https://www.ntsa-net.org/news-resources/stubbs-... READ MORE
Editor’s Note: This is the first installment of a new feature, “Strategic Partner Corner,” which is intended as a means for professionals from NTSA strategic partners to share their insights and experience. It will appear occasionally in The NTSA Advisor.  Financial professionals should understand... READ MORE
A new report finds a decline in retirement confidence to levels not seen since the 2008 financial crisis, writes John Sullivan in MarketBeat. He continues that the report also finds both workers and retirees are very concerned about inflation and its impact on their savings and spending. READ MORE
More consumers are multi-sourcing their investment decisions, with financial professionals being most influential. But reliance on online—as well as employer resources such as 403(b) providers and their representatives—is also increasing, according to a new research report.  Saving and investing... READ MORE
The IRS has issued guidance on the expansion of the Employee Plans Compliance Resolution System (EPCRS) under Section 305 of SECURE 2.0.  The guidance is contained in Notice 2023-43, which provides interim guidance in advance of an update to Revenue Procedure (Rev. Proc.) 2021-30.  The issues the... READ MORE
Any defined contribution lifetime income program that guarantees lifetime income needs to have the ability to make an “in-kind” distribution of an annuity contract, whether that be a certificate under a group annuity contract or an actual individual annuity contract, writes Robert Toth in... READ MORE
Minnesota is now offering a state-run plan for private-sector employees whose employers do not, and Pennsyvlania is one step closer to establishing one. Meanwhile, the ink is barely dry on the measures that created such plans in Connecticut and Maine, but already bills are advancing in the... READ MORE
With inflation running at record levels last year, the IRS provided a sizeable boost to the inflation-adjusted health savings account (HSA) limits for 2024, as determined under Section 223 of the Internal Revenue Code.  The announcement came in Revenue Procedure 2023-23, released May 16.  HSA... READ MORE

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