Individual Retirement Accounts

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A tireless retirement team

Retirement is a beat that’s covered extensively by InvestmentNews, and this week's edition is no exception.

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DOL seeks to define ‘fiduciary’; SEC works on ESG disclosures

As the two agencies release their regulatory agendas, the SEC is also proposing to revisit rules promulgated last year when the agency was headed by former chairman Jay Clayton.

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Roth conversions may not pay off until age 90 for most

Tax-rate changes have minimal effect on the financial benefits of Roth conversions, Edward McQuarrie, professor emeritus at Santa Clara University, wrote in a recent paper. The most important factor is actually compounding.

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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.

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How charitable donations can replace the stretch IRA

The stretch strategy, which allowed beneficiaries to spend down inherited traditional IRA assets over the rest of their lives, all but disappeared with the passage in 2019 of the SECURE Act.

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New York state advances auto IRA bill

Under the bill, businesses in the state that have been operating for at least two years and have at least 10 employees would be required to participate. The state passed legislation in 2018 to establish a voluntary IRA system for the private sector, but it has yet to implement that program.

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IRS says RMD rules are coming ‘soon’

An IRS official tells a bar association gathering that the arrival of proposed regulations covering the SECURE Act's required minimum distribution provisions will be 'later than imminent but before eventually.'

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Senators propose penalty-free emergency 401(k) taps

Once-a-year withdrawals from retirement plans or IRAs would have to be paid back before additional borrowing could occur.

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IRS clarifies the 10-year rule, but with added confusion

The agency released a revised version of its publication covering rules on inherited IRAs that confirms there are no RMDs required during the 10 years. But the publication raises another question.

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Auto-IRA measures move forward in New York and Illinois

The states advanced respective bills, with the one in New York amending its voluntary IRA law to an automatic design and the one in Illinois dramatically lowering the threshold for mandatory participation in its existing program.

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Another IRS update on the 10-year rule

The agency says it's revising Publication 590-B, which caused the confusion about the 10-year rule on required minimum distributions under the SECURE Act.

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Average retirement balances hit record in Q1: Fidelity

Year-over-year values are up more than 30% across more than 30 million IRAs, 401(k) and 403(b) accounts.

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Congress, stop the madness and eliminate RMDs

The proposed SECURE 2.0 legislation seeks to raise the age for required minimum distributions, but that will create more problems than it solves.

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House panel unanimously passes SECURE 2.0

The bill, which advances to the House floor with a strong bipartisan push, would raise the RMD age from 72 to 75, among many other provisions.

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New York City Council mandates auto-IRAs for small companies

The portable city-run plan would not require employer contributions.

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The Triple Crown tax benefits of 2021 Roth conversions

With potential tax changes on the horizon, here are the IRA moves to make now.

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Weighing in on disputed language in IRS 10-year RMD rule

While the IRS has not corrected the publication that suggested annual required minimum distributions under the 10-year rule, no one believes this to be correct.

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IRS: SECURE Act’s 10-year RMD rule is not what you thought

The IRS released its interpretation of the SECURE Act’s rules for post-death payouts on IRAs and surprised everyone — and not in a good way!

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Retirement plan aggregator Captrust shores up wealth management business

With $600 billion in assets under advisement, Captrust has appointed a head of wealth management to lead the growing $24 billion under management business.

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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!