401k
These 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
Read MoreThe SECURE Act: What accountants should know when advising their business clients
The act makes extensive changes to the rules affecting tax-qualified, employer-sponsored retirement plans. Original Article Posted at : https://www.accountingtoday.com/opinion/the-secure-act-what-accountants-should-know-when-advising-their-business-clients
Read More401k Good News-Bad News
401k Good News – Bad News but Mostly Good: Good News first: The fees for 401k plans continue to fall, as plan sponsors and participants realize the long-term implications they can have on retirement. This was true for both large and small plans, as the prices for investment and administration were reduced according to the…
Read More5 Lessons on Applying for Retirement Benefits
Recently, June (not her real name) was struggling to set up a social security account for her retirement. Her 65th birthday was approaching, she had health issues and was going to retire. I was with her when she made her second attempt to set up the Social Security account. June attempted to set up the…
Read More5 Steps to Retirement Investing.
Investing for retirement is one of the most important, but relatively painless, things you can do in your early work years, that will make your future much brighter. Here are some time tested easy steps for you to help you get started. 1-Figure out how much income you need in retirement. So, how much do…
Read MoreAvoiding Mistakes in Your Retirement Planning
Avoid retirement planning mistakes: How to find the right advisor.
Read More401(k) Hardship Distribution Rules Easing
IRS is easing 401(k) Hardship Distributions thanks to BBA amendments.
Read More401kzone.com Wants to Know:
Are You Prepared for Retirement? 45% of American Workers have saved less than $25,000 for retirement and 26% have saved less than $1,000. Source: Employee Benefit Research Institute, 2018 In 2019 employees were more confident that they would have enough for retirement, but less than half had actually calculated how much they would need. In…
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