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Watching the incredible, heart-rending coverage of Hurricane Harvey’s devastation, I was reminded of a personal experience with nature’s fury.It was 2011, and we had just deposited our youngest off for his first semester of college, stopped off long enough in Washington, DC to visit our daughters (...
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So what plans ARE covered by the fiduciary rule? A recent blog post by Fred Reish (with help from some of his colleagues at Drinker Biddle) addresses that question, as well as which plans the rule does not cover. And it’s not cut and dried: “It’s more complicated than you may think, in the sense...
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The IRS has taken action to address more than 700 erroneous extension request approvals it issued recently. Approximately 710 of the approvals the IRS Ogden office sent concerning Forms 5558 which had been filed concerning this year’s filing date contained erroneous information for the taxpayers...
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Sales of single-premium pension buy-out products in the second quarter of 2017 were the highest they have been in a decade and a half, according to a recent report.The LIMRA Secure Retirement Institute reports that single-premium pension buy-out product sales in the United States in the second...
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We are excited to announce this fun opportunity to win a complimentary registration to one of our conferences.There will be a new riddle every Friday in ASPPA Connect for six weeks, ending Oct. 13, 2017.Grand Prize: One FREE registration to any of the following conferences: Cincinnati Regional...
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The House and Senate returned Sept. 5 from a month-long break facing an extremely busy legislative calendar.The legislative agenda was already packed full, with the need to approve funding legislation for fiscal year 2018 (which begins Oct. 1), increase the debt limit, determine whether to revisit...
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That’s the average amount a 65-year-old couple retiring this year will need to cover medical expenses (in today’s dollars) throughout retirement, according to the latest retiree health care cost estimate from Fidelity Benefits Consulting.Fidelity notes that while the 2017 estimate of $275,000 is...
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Labor Secretary Alexander Acosta will meet Sept. 5 with representatives of companies that oppose the Obama administration’s fiduciary rule, according to a published report.Politico Pro, citing two sources familiar with the matter, says the meeting at the Labor Department will include...
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OregonSaves, the Oregon Retirement Savings Program, has invited additional Oregon employers to register for its pilot program.OregonSaves reports that it has invited more than 40 additional employers to do so. By June 20, 11 employers had registered. OregonSaves says that brings the total potential...
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Labor Day, the annual national tribute to the contributions workers have made to our country, is observed in the United States on the first Monday in September. ASPPA Connect will not appear on Labor Day; to note the event, following are some facts concerning its establishment. ASPPA Connect will...
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