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January 2015 will mark more than the beginning of a new year — on Jan. 2, a different IRS office will take on technical responsibilities concerning qualified retirement plans and IRAs. The IRS spelled out the chance in Announcement 2014-34.On that date, the IRS Tax Exempt and Government Entities (... READ MORE
Even the affluent are “terrified” of the impact of health care costs on retirement — but most haven’t discussed that topic with an advisor.According to an online survey conducted by Harris Poll for the Nationwide Retirement Institute of 801 Americans age 50 or older with at least $150,000 in... READ MORE
With time running out on its deadline for providing recommendations, a task force examining alternatives for a possible state-run IRA program in the Old Line State continued to debate the issues.At the Dec. 1, 2014 meeting of the Governor’s Task Force to Ensure Retirement Security for All... READ MORE
The Illinois General Assembly has sent legislation to Gov. Pat Quinn (D) that would create the nation's first state-run automatic enrollment payroll deduction IRA program for private sector employers. The Illinois Senate on Dec. 3 approved by a 30-25 margin a version of the bill passed earlier in... READ MORE
The Fortune 1000 has reported an estimated $285 billion in retiree medical obligations for 2013 — but that’s better than a year ago, according to a recent report.Towers Watson reports that, according to calculations based on required Securities and Exchange Commission financial disclosures as of... READ MORE
Rollovers can be an important way to preserve retirement savings, and postpone paying taxes on distributions.But do you know which kinds of rollovers can be made to which accounts?The IRS has an updated rollover chart that can help. The IRS also provides additional information about rollovers,... READ MORE
While it is not unusual for federal agencies to update their planned agenda for new regulations and other guidance periodically, some recent updates the Department of Labor (DOL) announced to its Fall 2014 Regulatory Agenda have drawn heightened interest.Conflicted AdviceOne specific regulatory... READ MORE
The IRS has amended the safe harbor explanations provided with eligible rollover distributions to accommodate recent guidance on in-plan Roth rollovers and the allocation of taxable amounts.Notice 2014-74 amends the two safe harbor explanations provided in Notice 2009-68, explanations that are... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) on Nov. 24 issued a final rule that makes it easier for defined contribution plan participants to move their funds into defined benefit plans. The PBGC intends the new rule to better facilitate lifetime income. This rule provides guidance on treatment... READ MORE
What’s a bigger risk to retirement security than longevity, leakage and long-term care costs?A recent hearing the Bipartisan Policy Commission held focused on those issues amid the broader topic of threats to retirement security.  Employee Benefit Research Institute (EBRI) Research Director Jack... READ MORE

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