November 08 2019

New Qualified Plan Limits and Social Security Adjustments for 2020 Announced

Retirees receiving Social Security will see a small benefit increase in 2020.  Savers in qualified retirement plans (but not IRAs) will have the ability to put a bit more money away in 2020.

October 16 2019

What Is the REAL Deadline for Making Plan Contributions?

When it comes to depositing employer contributions into qualified retirement plans, we are often asked what the deadline is for making these contributions.  Believe it or not, that is not an easy question to answer.  I suppose one way to look at it i...

September 11 2019

Three Things You Should Be Doing as a Plan Sponsor

If you sponsor a 401(k) plan, you are likely working with great partners. You probably work with an advisor who maintains the investment lineup. You are also probably working with a Third Party Administrator (TPA) who handles the daily administration...

May 08 2019

What to Know about Your 401(k) Plan

We all know the saying Knowledge is Power. This quote hits the mark when it comes to retirement plans – for both the participant and plan sponsor. Being equally important, I will discuss what you should know about your plan from both perspectives. Pl...

April 17 2019

IRS Reverses Position on Retiree Lump Sum Windows

In a somewhat surprising reversal of guidance issued four years ago, the IRS announced recently that it is okay to offer retirees and beneficiaries who are currently receiving annuity payments under a defined benefit plan a temporary option to elect ...

April 10 2019

Traditional 401(k) Versus Roth 401(k)

Posted by Mona Jain in 401(k), Retirement with No Comments

As most of us have either recently filed our 2018 federal income taxes, or are in the frantic last-minute scramble to do so, now is a good time to consider your retirement investment options. Recently, a growing number of employers offer a Roth 401(k...

November 14 2018

Can You Have a Maximum DB Plan Without Much Current Compensation? Yes, SIR!

It is generally the case that the more compensation one earns, the bigger the contributions and benefits he may receive from a qualified retirement plan. The limits on salary deferrals in 401(k) plans, annual additions in defined contribution plans, ...

November 07 2018

Qualified Plan, IRA and Social Security Limits Announced for 2019

The IRS, Pension Benefit Guaranty Corporation (PBGC) and Social Security Administration (SSA) have announced 2019 contribution and benefit limits and other numbers of interest. Many of these can be found here. Most limits and thresholds will see mode...

July 18 2018

Vesting Rules Determine How Much of Your Retirement Account You Own

In qualified retirement plans, vesting refers to what portion of your benefit you get to take with you when you receive a payout from the plan. It’s how much of your account you “own.” If you are 100 percent vested, it means you are entitled to recei...

July 11 2018

Three Easy Steps to Reducing Your Financial Anxiety in Retirement

You are retired. Congratulations!  It has been a long time coming, and you are now enjoying your new freedom, flexibility and options as to how you spend your days. You may be spending time with your grandchildren, traveling, pursuing a new passion o...

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