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...
June
11
2014
Many plan participants do not know their 401(k) plan beneficiary designation supersedes a will or trust. Consider a beneficiary designation a legally binding document without an expiration date.
May
23
2014
The IRS has released Rev. Proc. 2014-32 which establishes a temporary one-year pilot program for penalty relief for late filing of Form 5500-EZ.
April
08
2014
A recent article in The Wall Street Journal touted the virtues of defined benefit pension plans for self-employed individuals and small business owners in general. Defined contribution plans such as 401(k)s are sufficient for an owner looking to put ...
March
25
2014
In 2014, the IRS is expected to issue approval for the pre-approved 401(a) and 401(k) plan documents that have been updated to comply with tax law changes since the previous restatement mandated by the IRS.