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Roth IRAs have been a popular way to generate future tax-free growth and income since their creation. Yet the decision to contribute or convert to a Roth IRA incurs an immediate tax liability that could become so heavy as to be destructive. So writes Michael Kitces in “Using Systematic Partial Roth...
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A bipartisan group of lawmakers last week introduced legislation that they say will “ensure retirement advisors serve their clients’ best interests and preserve access to quality financial planning.” It would also require an affirmative vote of Congress before the final fiduciary rule from the...
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There’s an unspoken etiquette on elevators that would make Marian the Librarian very happy — it can be summed up with “shhh!” And that’s too bad, because an elevator affords one a unique opportunity, and a captive audience, for whatever you want to say — but in a short span of time.Even if one is...
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A diverse group of retirement industry experts has weighed in on what the world of 2019 could look like — and while their view was relatively optimistic, in some respects it wasn’t as much change as you might think.The vast majority of this panel of experts (including yours truly) believes that by...
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It’s the time of year when Santa — and those who work with executive compensation programs — are making their end-of-year lists — and checking them twice.To that end, the lawyers at Snell & Wilmer have prepared the following end-of-year “to do” list for executive compensation plans:Correct...
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Legislation has been introduced in the Senate that could have significant consequences for public pension plans.Senate Finance Committee Chairman Orrin Hatch (R-Utah) has introduced The Puerto Rico Assistance Act of 2015 (S. 2381), a bill generally intended to address Puerto Rico’s debt crisis,...
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Among the strongest trends of the outgoing year: growth in employee engagement in their financial wellness, use of annuities and offerings of qualified longevity annuity contracts (QLACs). And next year may bring more of the same. So say two recently released studies that look at what’s been...
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The Pension Benefit Guaranty Corporation (PBGC) has issued the 2016 comprehensive premium filing instructions. The Office of Management and Budget has approved the instructions, and has posted them on the PBGC website.The PBGC says that it made few changes from the 2015 filing instructions when it...
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Those hoping that the Department of Labor's (DOL) fiduciary rule would be derailed in congressional budget negotiations found coal in their pre-Christmas stockings instead. Published reports had indicated that some lawmakers had tried to attach a rider to the omnibus spending bill that would...
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Those who have been concerned about the Labor Department’s recent extension of authority to state governments to run so-called “open” MEPs may now have an opportunity to compete more effectively with that alternative.In November, the Department of Labor (DOL) issued Interpretive Bulletin (IB) 2015-...
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