Category Archives: Retirement In The News

The Official End of the DOL Fiduciary Rule

Since 2016, the investing industry has anticipated a vastly different post-Department of Labor (DOL) Fiduciary Rule world than that which came before. However, and as we’ve reported, the regulations and guidance have been met with confusion, delay and conflict. Recent attempts to save the Fiduciary Rule, in fact, all failed. And last month, the Fifth […]

Roth recharacterizations on the GOP chopping block?

As we mentioned a few weeks back, some Republicans floated the idea of capping 401(k) plan contributions. In fact, the idea was to lower the maximum contribution limit to just $2,400. This would amount to over an 85% cut to what workers under age 50 can currently contribute tax-deferred to 401(k)s. But it would also […]

Custody Rule among 5 most frequent compliance violations, says SEC

Earlier this year, the Securities and Exchange Commission (SEC) released a list of its 2017 exam priorities. Among its five most frequent issues were Custody Rule compliance failures. In the risk alert, the SEC states the following: Advisers with custody of client cash or securities must comply with the Custody Rule. An adviser has custody […]

Changes to your 401(k), IRA and other qualified plans coming in 2018

Despite what you may have heard recently, don’t expect drastic changes to your 401(k), IRA or other retirement plan before year’s end. It’s true that the possibility of changes to your 401(k) plans shook the financial industry last week. Republicans floated the idea of generating revenue lost as a result of proposed tax cuts by […]

Congress acts to provide relief to victims of Hurricanes Harvey, Irma and Maria

Much like the Katrina Emergency Tax Relief Act of 2005 and relief for victims of Hurricane Matthew last year, Congress, the Internal Revenue Service (IRS) and other entities are providing relief to victims of recent disasters. Congress recently passed the Disaster Tax Relief and Airport and Airway Extension Act of 2017, or H.R. 3823, with […]

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