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James Caan estate case highlights rollover rules advisors need to know
An offer the IRS refused! The estate owes nearly $1 million in taxes and penalties.
Are 401(k)s the ultimate retirement plan?
Advisors weigh in on the impact the DOL’s retirement security rule will have on 401(k) plans and retirement.
Expect a stronger, more lawsuit-proof fiduciary rule very soon
With the final version of the rule now at the Office of Management and Budget, it won't be long before it's published. Don't expect a lot of changes, lawyers say.
An unexpected double tax break for 529-to-Roth rollovers
There’s a chance to do two 529-to-Roth rollovers this year – but only if the first one (for 2023) is done by April 15.
High stock values and layoffs combine for big tax breaks on company stock
With the net unrealized appreciation tax break, company stock can be withdrawn from a 401(k) in a lump-sum distribution and have its appreciation taxed at capital gains rates, rather than as ordinary income.
Robinhood is paying 3 percent bonuses for IRA rollovers. Is it enough?
It's a concept that's hardly new in financial services, but the brokerage is offering significantly more than competitors.
What to expect while you’re expecting the fiduciary rule
Although there will almost certainly be a legal challenge, don’t count on it going away, lawyers say. Here are some big issues to watch for.
Most Democrats support DOL advice proposal in House hearing
'We ought to require the best interests of the investor to be protected and we’ve got some loopholes to fill,' says top Democrat on the panel.
Industry, investor advocates square off in comment letters about DOL advice rule
Battle lines drawn again as trade associations call on DOL to withdraw proposal, while proponents say measure fills a regulatory gap.
SEC emphasizes weighing costs of account recommendations
Advisers don't always have to recommend the least expensive option, but they'd better explain why they opted for the costlier one.
Jury finds ex-LPL broker liable in fraudulent sale of annuities
The Securities and Exchange Commission wins its case against Jonathan Dax Cooke for fraudulently selling variable annuities to hundreds of federal employees.
DOL delays fiduciary rule enforcement until February
The Labor Department is giving the financial industry the additional breathing room it had sought to prepare for the new regulation.
What’s coming for RIAs from Washington: New regs
Tax changes are coming too, but the experts — like everyone else — await details.
Delaying DOL fiduciary rule would give small RIAs time to comply
'A lot of smaller RIAs don’t understand the magnitude of the work necessary to comply by December,' said Brad Campbell, a former assistant Labor secretary.
IRA trustees wipe out an inherited IRA — their own
A lifetime of accumulation and growth goes up in smoke because the beneficiaries don’t know the IRA trust tax rules. Advisers can help their clients avoid such colossal blunders.
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.
SIFMA wants new SEC to give Reg BI time to work
The major financial industry group said the current agency has vowed for tough enforcement of the rule
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
SagePoint censured and fined $300,000 over UITs
Finra says the Advisor Group unit failed to supervise early rollovers of unit investment trusts
DOL sends revised fiduciary rule to Office of Management and Budget
After being stalled for months, the proposal has finally advanced and could be heading toward public release
