Displaying 29 results
Tax perks nudging employers to help pay workers’ student loans
Most employers have tuition-reimbursement budgets, though they hardly spend them. Those budgets instead could go to student loans.
Midyear checkup on required minimum distributions
On June 30, the SECURE Act change in the age at which RMDs must begin, to 72 from 70½, will be complete, and the confusing half-year era will finally end.
Many plan borrowers took more than they needed, survey finds
While the people who took loans or withdrawals as a result of Covid-19 are in a better place financially, they feel behind in their saving.
CARES Act distributions unlikely to be paid back, report finds
That will likely have a lasting effect on retirement savings for those workers, nearly 70% of whom said they will not pay back any portion of the distributions they took under the CARES Act, according to data from Principal Financial Services.
The 401(k) industry likes emergency savings accounts. Are sponsors ready?
Eight of nine big defined-contribution record keepers either already offer emergency savings programs or are planning to, according to a Commonwealth report. Two — Prudential and Voya — provide those services as an in-plan option.
Quirks in required minimum distributions this year
Here’s one 2021 oddity: It's impossible for anyone to have a required beginning date in 2021!
Strategies for maximizing clients’ charitable impact in 2021
Take advantage of an environment that's favorable for charitable giving to engage in tax-smart, high-impact philanthropy.
Covid didn’t change 401(k) saving habits, ICI says
Just 2.3% of participants in defined-contribution plans stopped contributing to the plan in 2020 amid the pandemic.
What clients won’t see on this year’s 1099-R form
Be ready to help worried clients (and their accountants), who will be calling you about 'mistakes' on their 1099-Rs regarding distributions from their IRAs. What they'll be calling about won’t be what’s on their form, but rather what’s not on there.
COVID-19 relief bill gives employers tax credits for student loan help
A CARES Act provision that encourages companies to repay their workers' student loans would be available for another five years
Keeping clients’ retirement plans on track amid uncertainty
Your guidance can help clients focus on the fundamentals when making financial decisions, regardless of the markets, the economy or partisan politics
401(k) advisers busier this year helping with rollovers, distributions
A recent survey found that advisers are working with participants more than usual amid the pandemic
401(k) defaults linked with lower CARES Act withdrawals
An academic paper this week found that early withdrawal requests increased most among savers who build their own portfolios
COVID-19 401(k) loans end with a fizzle
Workers were mostly uninterested in the expanded $100,000 loan limit, according to recently released data
RMD return relief is over
Here are the rules on IRA rollovers that apply now that the Aug. 31 deadline for using the IRS relief has passed
Advisers can shine a light on the darkness of 2020
Financial advisers are ideally situated to help clients talk through the unforeseen challenges a global pandemic brings
IRS widens eligibility to undo RMDs
Those who took required minimum distributions in January are allowed to undo them, and the timeframe for doing so extends through Aug. 31
Tax refunds for IRAs? How about groceries instead?
If the CARES Act stimulus checks are any indication, more people will need the money for basic expenses
RIAs taking PPP loans is not so black and white
Some in the industry are questioning whether it's appropriate for advisers to accept these forgivable loans
Upholding the spirit of new legislation
Lawmakers have stepped in to provide relief to millions of Americans, but the laws come with unforeseen loopholes
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