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Multiple employer plans (MEPs) are not new. But what is new is the attention they are receiving and the possibility that they could be more widely available. A recent analysis offers a look at MEPs and what the results of making open MEPs possible could mean.
In “Multiple Employer Plans and Their...
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The mail came! There’s a statement showing growth in the retirement account. There’s another showing that a debt that accumulated isn’t getting any better. Tempting… but a recent blog entry argues that using some retirement plan funds to satisfy a debt is a siren song.
In “Why Borrowing from a...
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In recent weeks, the headlines have been full of stories about tax refunds – or, perhaps more accurately, the lack of tax refunds.
It’s the kind of thing that might not normally find its way into the headlines, but this particular situation has struck a chord – both because it includes people who...
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Since enactment of the Pension Protection Act in 2006, automaticity has been highly successful in improving retirement readiness. But new, highly personalized fintech advances may help drive retirement readiness to the next level, according to a new white paper.
Building on the success of auto-...
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Calls for bipartisan action to address the problems facing multiemployer pension plans highlighted a March 7 hearing of the House Education and Labor Committee’s Subcommittee on Health, Education, Labor and Pensions.
The crisis facing multiemployer pension plans “Is not years away, it is happening...
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The IRS announced on March 7 that victims of the severe storms, tornadoes and straight-line winds that took place on March 3, 2019 in Alabama may qualify for some forms of tax relief.
Where and to Whom it Applies
The relief applies to:
individuals who reside or have a business in Lee County,...
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Legislation introduced Feb. 28 by Sen. Charles Grassley (R-IA) includes provisions that concern the use of funds from retirement plans to address losses and circumstances facing account holders after disasters take place.
The use of retirement plan funds is really one area the bill, The Tax...
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Health savings account (HSA) assets grew by over $5.8 billion in January 2019 to reach $59.6 billion, up 11% since the end of 2018, according to an industry report.
In addition, the total number of HSA accounts also grew by almost 5% in January, with the total rising to an estimated 26.3 million...
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Picking up where they left off in the last Congress, Reps. Lisa Blunt Rochester (D-DE) and Tim Walberg (R-MI) have reintroduced legislation to make it easier for retirement plan sponsors to provide guaranteed lifetime income products as part of their DC plan.
In general, the Increasing Access...
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There is less than a month to make required minimum distributions (RMDs) from traditional IRAs and employer-provided retirement plans to taxpayers who reached age 70½ in 2018. The IRS on March 5 in IR-2019-29 issued a reminder that the deadline is April 1.
The April 1 deadline applies to owners of...
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