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Warnings about the need to save more for retirement are ubiquitous — and for good reason. So a suggestion that challenges this premise will raise more than a few eyebrows. And hackles.
Yet that’s precisely the suggestion Matthew Heimer makes in “Americans Are Saving More for Retirement: Are They...
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In the course of my day, I talk to (and email with) people, read a lot, and every so often jot down a random thought or insight that gives me pause and makes me think. See what you think.1. Disclosure isn’t the same thing as clarity. Sometimes it’s the opposite.2. It’s not what you’re doing wrong;...
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Suggesting that it’s time to change the return-on-investment (ROI) conversation with respect to financial wellness programs, a recent paper contends that a more effective way to prove a program’s value is by measuring employee engagement.Ernst & Young explains that creating a suite of benefits...
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DC plans measured as part of the Callan DC Index realized a “healthy” 3.06% in return growth during the second quarter of 2017, reflecting strong equity market performance and the greatest first-half performance since the Index’s inception in 2006.
Combined with first-quarter gains, the Index’s...
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Rothification may not be on the table — yet — but the GOP’s tax reform outline includes a potentially nasty surprise for small business retirement plans.
Those taking a public stand against the so-called “Rothification” of 401(k)s yesterday included Rep. Richie Neal (D-MA) and Sen. Tim Scott (R-SC...
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Rep. Ann Wagner (R-MO) introduced legislation on Sept. 27 that would repeal the Department of Labor’s (DOL) fiduciary rule and create a new standard of conduct for brokers and dealers.Wagner has had her sights set on rolling back the fiduciary regulation since 2015, when she first introduced...
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Forgetting to repay a loan will garner one a quick reminder. But that is not enough, a recent Tax Court ruling suggests — it may be wise to verify that the payment really was made.A recent Tax Court ruling, Louelia Salomon Frias v. Commissioner, TC Memo 2017-139, provides a reminder of the...
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Don’t worry! I’m not going to set “Ice Ice Baby” to retirement lyrics. Admit it, though, you were sort of hoping I would try.
It doesn’t take three minutes of looking at the agenda to know that the ASPPA Annual Conference offers the opportunity to learn from some of the most brilliant minds in...
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An outline of the Republican tax reform plan was released today — a plan that includes a proposal to cap the tax rate on small business “pass-through” income at 25%.
More than 90% of businesses are organized as “pass-through” entities (i.e., partnerships, S corps, and small business limited...
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Securities and Exchange Commission (SEC) Chairman Jay Clayton hopes that his agency can “properly tailor” an approach that will best address issues related to those the Department of Labor’s (DOL) fiduciary rule concerns. Clayton made his remark during his Sept. 26 testimony before the Senate...
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