The IRS has issued Notice 2025-67 on November 13, 2025, which contains the 2026 cost-of-living increases for qualified retirement plan dollar limitations on benefits and contributions under the Internal Revenue Code (IRC).
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There are circumstances when the actual order of death cannot be positively determined. Why does this matter? The order of death may determine whether an IRA or retirement plan account becomes the property of a contingent beneficiary, versus a primary beneficiary’s estate. Sometimes the financial stakes can be quite high.
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The rules surrounding Roth IRAs can be complex, and somewhat confusing to the average taxpayer. Let’s clear up some of the common misconceptions surrounding Roth IRAs.
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As 2025 draws to a close, here are some RMD scenarios you may encounter at your financial organization.
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As retirement plan regulations continue to evolve, it is essential that employers and plan administrators maintain careful attention to key deadlines and new legislative mandates. Particular attention should be paid to the maintenance of plan documents, as these serve as the foundation for plan administration and compliance.
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Health savings accounts (HSAs) have steadily grown in popularity over the past two decades, but data shows they’ve entered a new era. HSAs are no longer just about paying for today’s doctor visit. For financial organizations, HSAs represent both a client service opportunity and a business growth strategy that’s increasingly too significant to overlook.
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When it comes to saving for retirement, most people understand the basics. They set up an IRA, begin making contributions, and let the balance grow. The stumbling block tends to happen later, when it’s time to move those funds. That’s when your clients hear terms like “transfer” and “rollover,” and may end up doing the exact opposite of what they should.
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The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act and Notice 2024-77 provide the latest official guidance on handling inadvertent benefit overpayments (IBOs). This guidance is crucial for plan sponsors to ensure compliance and avoid disqualification of their plans.
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The backdoor Roth contribution works especially well if your client doesn’t have any other pretax assets in any Traditional (including those holding SEP assets) or SIMPLE IRAs.
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The Internal Revenue Service (IRS) recently released final regulations that provide insight on how to administer the catch-up contribution requirements under the SECURE 2.0 Act of 2022 (SECURE 2.0).
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For many teens, those summer paychecks can be more than just spending money. They can actually be the key to starting one of the smartest financial habits around: contributing to a Roth IRA.
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A marriage begins with the intention that the relationship will endure—the reality of divorce and separation statistics notwithstanding—and that a couple’s retirement years will be spent together. Consequently, it’s easy to understand why laws give special consideration to spouses when it comes to their entitlement to financial resources intended to provide retirement security.
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If your client owns a small business, they’re already juggling a lot. Between managing clients, balancing budgets, and keeping operations moving, retirement planning often falls to the bottom of the list. Yet choosing the right retirement plan can be a game changer, not just for the business owner, but for their employees as well.
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Both the employer operating the SIMPLE IRA plan and the financial organization holding the SIMPLE IRA assets play a role in providing a summary description to employees.
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Retirement marks a major life transition—and with it comes a series of financial decisions that can shape your clients’ future. One of the most important choices individuals will face is what to do with money in a qualified retirement plan (QRP), such as a 401(k) or 403(b) plan. For many retirees, rolling those assets into an individual retirement account (IRA) offers flexibility, control, and long-term benefits.
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The deadline for removing 2024 excess contributions and completing recharacterizations is on the horizon. An IRA owner has until his tax return due date, plus extensions, to remove an excess contribution or recharacterize a 2024 contribution.
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Financial organizations are not required to send notices to clients or report to the IRS when an annual payment must be taken from an inherited IRA. The beneficiary is responsible for knowing and taking any required life expectancy payments.
Although not required, many financial organizations assist their clients with this calculation.
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Most pretax retirement savings are taxed as ordinary income, taxed at one’s marginal tax rate. But under specific circumstances employer securities can be taxed differently.
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