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Academics have long agonized over something they call the annuitization puzzle.
Simply stated, the thing academics can’t quite understand is the reluctance of American workers to embrace annuities as a distribution option for their retirement savings. Some of that is because they assume workers...
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There are many factors that affect a plan participant — or a prospective plan participant who has yet to join — and influence choices regarding retirement saving. A professor argues that employers and plan administrators would do well to be mindful of a factor many do not consider: individuals’...
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ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events.
Live Webcasts
ASPPA Webcast: Operating Under the IRS Pre-Approved Plan Document Program
Tuesday, October 30, 2018
2:00 - 3:40 p.m. ET
Speaker: Richard...
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The latest issue of ASPPA’s Plan Consultant magazine has been posted on ASPPA Net.
“The Cybersecurity Issue” features a trio of in-depth feature articles on the growing threat that cyber crime poses to the retirement industry. The cover story, “Defensive Measures,” profiles steps that several...
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On Oct. 5, 2018, the American Retirement Association (ARA) filed a comment letter with Carol Weiser, Acting Benefits Tax Counsel at the Treasury Department, with recommendations on the implementation of updates to life expectancy and distribution period tables for purposes of required minimum...
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A program letter from the heads of the IRS Tax Exempt & Government Entities (TE/GE) division provides an update on the compliance, data, process and casework strategies the division plans to focus on in the coming year.
Not surprisingly, implementing the Tax Cuts and Jobs Act (TCJA) will...
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The American Retirement Association has formally requested relief for taxpayers and service providers adversely affected by Hurricane Florence.
Specifically, the letter requests:
Relief for taxpayers who would like to use their retirement assets in qualified retirement plans to alleviate...
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The American Retirement Association is urging Congress to approve legislation providing victims of Hurricanes Harvey, Irma and Maria access to their 401(k) and similar plan savings without incurring IRS penalties and taxes.
The ARA has been making the case that legislation should mirror the...
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Defined contribution plans are the most common among private sector workers, reports the U.S. Bureau of Labor Statistics (BLS). It found in a study it conducted in March that DC plans were the kind of retirement plans in which a majority of workers in all sectors but one that it measured...
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Legislation has been introduced in the U. S. House of Representatives that would create a parallel government-run retirement savings program – and one that could undermine the 401(k), particularly for small business owners.The Portable Retirement and Investment Act of 2018 (H.R. 6990), just...
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