By now, you have likely heard of the new law called SECURE 2.0. It was passed at the end of 2022 as part of the big omnibus spending bill and contains numerous provisions relating to qualified retirement plans and IRAs. It is a follow-up of sorts to ...
January
20
2023
SECURE 2.0: Lots (and Lots) of New Retirement Plan Rules
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning, defined benefit, pbgc, secure act, SIMPLE, IRA, SEP, Roth, SECURE 2.0
with No Comments
December
16
2022
If you’re older than a certain age, you’re familiar with the tagline, “Roaches check in, but they don’t check out.” It’s kind of like that in a 401(k) plan. You can easily check your money in (contribute to the plan), but it can be hard to check it o...
November
21
2022
A Guide to SIMPLE IRAs and 401(k)s for TPAs
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning, Third Party Administration, TPA, SIMPLE, IRA, SEP, Roth
with No Comments
Note: The SECURE 2.0 Act of 2022 made several changes to the rules related to SIMPLEs. Accordingly, some of the information in this article may be outdated. In the retirement plan world, SIMPLE stands for Savings Incentive Match PLan for Employees. T...
October
28
2022
Qualified Plan and Social Security Limits to Rise by Record Amounts in 2023
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), defined contribution, defined benefit, irs, pbgc, social security, retirement plan, qualified plan
with No Comments
When the new Social Security benefit amounts and qualified retirement plan limits are announced in early fall each year, usually not all of them will rise in any given year because of how the limits are rounded down to the next lower multiple. Due to...
October
18
2022
Last week, CEO Sandy Wiggins joined Bill Fitzgerald of CBS6 to discuss the current volatility in the market. Check out the video below for the full interview. You can also click here to see CBS6's write-up of the interview.
May
26
2022
Which Plan Design is Right for You?
Posted by Joné E. Liuzza, ERPA, QPA, QKA
in 401(k), Retirement, cross-tested, retirement plan, qualified plan
with No Comments
Many years ago, along with the birth of ERISA (Employee Retirement Income Security Act), a famous “rock” group posed a great question with the song lyrics “What’s The World Coming To?” With all that’s happening today, the question may now be apropos ...
February
25
2022
The stock market has been up and down throughout 2022 so far – more down than up. A number of qualified retirement plan clients have asked us about making their 2022 plan year contributions early, the goal being to “buy the dip.”
February
02
2022
Client Problem: The owners of a fast-growing construction firm were concerned about recruiting enough talented employees to keep up with demand while retaining current employees. Seeing their personal incomes soar in recent years, the construction fi...
January
27
2022
A record number of American workers left their jobs in November 2021. Check out the below video for an interview with Sandy Wiggins, CEO of ACG Wealth Management, about what caused this, how this "Great Resignation" can actually be a positive moving ...
November
05
2021
Big Jump for Qualified Plan Limits and Social Security in 2022
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), defined contribution, defined benefit, irs, pbgc, social security, retirement plan, qualified plan
with No Comments
As a result of higher increases to the Consumer Price Index in 2021 than have been seen in recent years, Social Security benefits and qualified retirement plan limits will rise significantly in 2022, according to recent announcements from the IRS and...