The chances that your envelope is going to receive a postmark the same day you drop it off is unlikely, so plan accordingly, according to the USPS.
Read More
In July 2025, the Internal Revenue Service (IRS) announced that it plans to retire its FIRE system in tax year 2026 (i.e., the 2027 tax filing season). The FIRE system will be replaced by IRIS, which will be the only intake system allowed for information returns for the 2027 filing season.
Read More
As we roll into 2026, it’s a good time to revisit what really matters when contributing to a Traditional IRA and what has changed. Whether you’re helping clients plan or just thinking about your own retirement roadmap, these are the key rules to keep in mind.
Read More
A distribution made by an IRA owner who is totally and permanently disabled is not subject to the 10 percent early distribution penalty tax.
Read More
One of the most misunderstood parts of beneficiary designations is the difference between primary and contingent beneficiaries.
Read More
The simplified employee pension, or SEP, is a retirement plan that—like the Energizer bunny of TV commercial fame—just “keeps going and going and going.” That’s because the retirement saving niche SEPs have occupied since their creation by the Revenue Act of 1978 remains a substantial one.
Read More
January is a hectic tax reporting month for many financial organizations. In addition to providing quarterly or year-end statements, financial organizations must provide required minimum distribution (RMD) statements to certain Traditional and SIMPLE IRA owners by January 31. If you haven’t already, now is the perfect time for you and your team to start preparing for the busy month ahead.
Read More
Financial organizations field a lot of IRA questions from clients, and many of the same ones seem to come up repeatedly. Here are some common IRA contribution questions you’re likely hearing at your branch office, over the phone, or in your inbox.
Read More
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).
Read More
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.
Read More
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.
Read More
As 2025 draws to a close, here are some RMD scenarios you may encounter at your financial organization.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More