March 11 2021

Did you pay back your RMD last year? Make sure your CPA knows.

In 2020, as part of the CARES Act COVID-19 relief bill, Congress waived the requirement to take a minimum distribution from certain retirement accounts. The waiver wasn’t enacted until March, though, and by then many investors had already taken some ...

December 23 2020

Mega Backdoor Roth IRA: A Neat Idea that Rarely Works

Lately, several people have asked me about a “mega backdoor Roth IRA.” I didn’t really know what this was, but anything with “backdoor” in the name is something I want to explore. It sounds a little devious. Maybe I could finally be a bad boy – more ...

November 20 2020

When It’s a Mistake to Call Something a “Mistake of Fact”

“You keep using that word. I do not think it means what you think it means.”  So goes the internet meme based on Inigo Montoya’s complaint to Vizzini about his use of the word "inconceivable" in The Princess Bride movie. In the pension business, ther...

October 29 2020

Out with 2020, In with the 2021 Retirement Plan Rates and Limits

As we head toward the close of this turbulent year, we have learned that most IRS limits related to qualified retirement plans will hold steady in 2021. Retirees receiving Social Security benefits will receive another modest increase, while PBGC prem...