Trust strategies rattled by SECURE Act
The SECURE Act recast the rules for leaving retirement assets to heirs, creating challenges for beneficiaries and conflicts with certain trust strategies.
Tag: individual retirement account
The dawn of a new 10-year rule for IRAs
The SECURE Act became law in December and introduced many changes to retirement accounts, including a new 10-year rule for IRAs signaling the repeal of the stretch IRA strategy.
Little-known strategy provides for IRA-to-HSA transfer
A strategy that allows investors to make an IRA-to-HSA transfer may be used only once in a lifetime.
Proposals for retirement savings plans expected in new budget
Changes to retirement savings plans are expected in White House budget proposal.
Three takeaways from the DOL fiduciary rule hearings
DOL hears pros and cons of fiduciary rule
Proposed fiduciary rule subject of hearings
The Department of Labor is reviewing testimony on its proposed fiduciary rule.
New DOL proposal adds a fiduciary standard to IRAs
The Department of Labor is proposing a new rule for individual retirement accounts that could impact how advisors offer advice and charge fees for IRAs.
Tax court limits IRA rollovers
Investors who typically use a rollover strategy for multiple individual retirement accounts (IRAs) will need to reconsider because of a rule change that took effect this year. A decision by the United States Tax Court that limits the number of IRA rollovers an individual can perform in a year was implemented in January 2015. IRA
How could dozens of expired tax breaks affect your clients?
Some energy tax credits, along with deductions for college expenses and charitable giving, are among dozens of tax breaks that expired at the end of 2013 and will not be reinstated unless Congress takes action. The Joint Committee on Taxation reports that 55 temporary tax provisions, also known as “tax extenders” because they are often
Are clients seeking more investment choice in a 401(k)?
Some 401(k) plans allow participants to transfer money while they are still working. If your plan provides for in-service withdrawals, funds may be transferred to an individual retirement account, which could provide access to more investment options and the ability to consolidate accounts. Transferring funds out of a 401(k) could have some disadvantages, however, such