As we're ending the second quarter earnings season, and getting ready for summer to end, investors are evaluating their portfolios for the rest of the year, and hopefully really for the next 3-5 years or longer. We haven't had this much volatility in...
J. Saunders Wiggins, CFP®, AIF®
Recent Posts
July
20
2015
After President Obama’s myRA announcement at the 2014 State of the Union address, we have his most recent push to increase access to retirement plans and to increase retirement savings: state-run retirement savings programs. In the White House Confer...
June
08
2015
As an update to our recent coverage of 401(k) plan lawsuits, the Supreme Court has ruled that plan sponsors have a duty to monitor investment options on a continuous basis. As we previously discussed in the Tibble v. Edison case, the central argument...
May
07
2015
401(k) plans don’t get much media attention, and many employers view 401(k) plans as a necessary benefit they must provide for employees. However, they often don’t understand the vast fiduciary duty that accompanies sponsoring a 401(k) plan. As parti...
April
13
2015
As the April 15 income tax return deadline approaches, many individuals and business owners are wondering how to decrease taxable income and are looking for ways to reduce taxes. While it is best practice to consult a knowledgeable CPA or Enrolled Ag...
March
30
2015
As the 2014 tax season is coming to a conclusion, we’re getting a first glimpse of how much revenue the Affordable Care Act (ACA), or ObamaCare, is generating for the government. The IRS has released data for the first year that the Medicare surcharg...
December
30
2014
As we head into a new year, ‘tis the time to reflect on the past and set goals for the future.
October
23
2014
The IRS has issued final regulations for hybrid retirement plans, such as cash balance plans, that clarify and add flexibility about how an employer credits interest in such plans. The final regulations clarify the definition of "market rate of retur...
July
10
2014
An increasing concern for many Baby Boomers and retirees is whether or not they will outlive their retirement savings. As a result, insurance companies have been lobbying to allow qualified longevity annuity contracts (QLACs) inside 401(k) plans. The...
June
30
2014
Who would have thought that inherited IRAs are not retirement funds? However, this is the case when it comes to bankruptcy proceedings. According to the U.S. Supreme Court, inherited IRAs are not exempt by U.S. Bankruptcy Code as retirement funds. Th...