401k
DOL Proxy Voting Rule Protects Workers, Retirees
In December, the Department of Labor issued a final rule that prevents managers of 401(k)s and corporate pension plans from placing political or social objectives ahead of generating investment returns for workers. The rule clarifies that, when voting corporate proxies, fiduciaries of retirement plans governed by the Employee Retirement Income Security Act (ERISA) must act […]
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Read MoreGuidance issued for safe harbor retirement plans
The IRS clarifies certain sections of the SECURE Act. Original Article Posted at : https://www.accountingtoday.com/news/irs-issues-guidance-for-safe-harbor-retirement-plans
Read MoreElection 2020: Trump vs. Biden on employment, health care and energy taxes
Top 10 Firm Crowe has put together an at-a-glance guide to the candidates’ positions on xxxxx, Original Article Posted at : https://www.accountingtoday.com/list/election-2020-trump-vs-biden-on-employment-health-care-and-energy-taxes
Read MoreLawmakers propose bill to improve retirement plans and tax breaks
The top Democrat and Republican on the tax-writing House Ways and Means Committee introduced bipartisan legislation to encourage more Americans to save for retirement. Original Article Posted at : https://www.accountingtoday.com/news/lawmakers-propose-bill-to-improve-retirement-plans-and-tax-breaks
Read MoreRead this before you use your 401(k) to buy a house
It’s possible to use your 401(k) for a down payment when buying a home. But it’s not always best. Learn how a 401(k) loan works and other options. Original Article Posted at : https://themortgagereports.com/18789/should-you-borrow-from-your-401k-to-purchase-a-home-gina-pogol
Read MoreCoronavirus stimulus check coming: Best ways to invest it
It is always wise to plan ahead, including for your stimulus check. Most would have already spent their first stimulus checks, but the second stimulus checks are coming, likely next month. So, it is better that you start planning how you would spend the next stimulus payment. If you are among those who don’t really […]
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Read MoreIRS expands tax relief for taxpayers taking money from their retirement plans amid coronavirus
The Internal Revenue Service provided guidance Friday to taxpayers who are taking advantage of some provisions in the CARES Act that allow them to take out money from their retirement accounts due to the pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-expands-tax-relief-for-taxpayers-taking-money-from-their-retirement-plans-amid-coronavirus
Read MoreThese states have the most unfunded public pension liabilities
Unfunded public pension liabilities for states amount to $4.9 trillion or $15,080 per person in the U.S., according to the American Legislative Exchange Council (ALEC). The organization said in a report this week that the situation has improved somewhat, but the steep uphill climb continues. Q1 2020 hedge fund letters, conferences and more Improvements in […]
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Read MoreIRS allows remote signatures on retirement plan elections
The Internal Revenue Service is giving retirement plan participants and beneficiaries some added flexibility during the COVID-19 pandemic to remotely sign or have notarized their retirement plan elections. Original Article Posted at : https://www.accountingtoday.com/news/irs-allows-remote-signatures-and-notarization-on-retirement-plan-elections-amid-coronavirus
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