Awaiting both House and Senate approval and signature by the President is the Consolidated Appropriations Act, 2020, which contains provisions to fund government operations for the coming fiscal year and includes SECURE Act provisions affecting retirement and individual savings plans.
Read MoreDrawing on its own retirement plan and consumer-directed healthcare account data, Ascensus offers a unique, comprehensive perspective into how Americans are saving for the future.
Read MoreA Traditional IRA is a tax-advantaged option for many working individuals to grow pretax retirement savings. But not everyone is eligible to contribute to a Traditional IRA. Learn more about the eligibility requirements.
Read MoreHow should an RMD be satisfied for the year of an IRA owner’s death? How should it be reported? Should the beneficiary’s share of the IRA assets be moved to an inherited IRA before paying out the RMD?
Read MoreQuick Reference Tool: This flow chart helps individuals determine whether they are eligible for a Roth IRA contribution or a Traditional IRA deduction—or both—based on their modified adjusted gross income.
Read MoreThe IRS recently released the 2020 cost-of-living adjustments. Many key IRA and retirement plan limits were increased for 2020.
Read MoreThe IRS recently issued a notice of proposed rulemaking for updating life expectancy tables that are used when determining required minimum distributions.
Read MoreWhat is a trust and why would someone name a trust as an IRA beneficiary? What distribution options does a trust beneficiary of an IRA have? How are distributions to a trust reported to the IRS? Can the underlying beneficiaries of a trust set up their own inherited IRAs?
Read MoreWhat is a Sarbanes-Oxley blackout notice? What is a blackout period? What information must be included in the blackout notice? What are the potential consequences of not providing a timely blackout notice?
Read MoreFor the next few months your organization may see an increase in RMD questions and transactions. Take a few minutes now to learn (or relearn) some basic RMD rules.
Read MoreAn IRA owner’s decision to select a beneficiary appears simple, but complex issues may surface. Learn more about three key issues so that your organization can be prepared.
Read MoreThe U.S. Social Security Administration has announced a cost-of-living increase for 2020 to several of its benefit amounts, including the Social Security taxable wage base.
Read MoreTwo lawsuits have recently been filed seeking to invalidate the U.S. Securities and Exchange Commission’s new fiduciary standards.
Read MoreHow are beneficiary payouts affected when a primary beneficiary dies after the IRA owner? How about when a primary beneficiary dies before the IRA owner?
Read MoreCan an IRA owner roll over more than one distribution into an IRA in one year? If not, is there another way to retain the assets in a retirement account? What is the 12-month period for purposes of the one-per-12-month rule?
Read MoreLike many low- to moderate-income Americans, many of your clients may struggle to pay for financial emergencies. A Roth IRA not only serves to supplement retirement income, but is also a great resource to draw from for unexpected expenses.
Read MoreThe U.S. Government Accountability Office recommends that the IRS and the Department of Labor establish a collaborative means of overseeing and managing prohibited transaction exemptions.
Read MoreThe Securities and Exchange Commission recently released a guidance package for broker-dealers and investment advisers who provide investment recommendations and investment advisory services to clients. The guidance clarifies the standard of conduct for investment advisers.
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