As we move into the new year, Business News Daily's Adam Uzialko advises businesses to stay up to date on new regulatory policies and debates.
Topic Archive: News
Regulated exchanges such as the Chicago Board Options Exchange, CME Group, and Nasdaq are either already trading or planning to trade bitcoin futures, an asset that is known to be particularly volatile and risky.
If Roth IRAs offer a legitimate long-term savings strategy by allowing people to generate tax-free income, why do less than a third of IRA investors have such an account? The short answer is income limits; taxpayers above certain levels can't invest directly into a Roth IRA.
The reconciliation of the tax reform bills working their way through Congress is prompting retirement industry experts to speak up. Many are expressing concern that the unintended consequence of the some of the proposed changes would create a disincentive for some business to offer or maintain 401(k) plans for their employees.
Clark notes that most issues lie in the participant's lack of knowledge about eligibility, rampant fees, and company match calculations.
"Your 401(k) may be your biggest retirement asset," he writes. "When it comes to fees, contribution matches and eligibility, don't just trust: verify."
Clark provides readers with specific tips for catching these mistakes and additional reminders for how to do so. For example, he advises you to check your company match formulas to confirm that you're collecting your full company match rather than taking it at face value.
Want more tips on how to properly track the condition of your 401(k)? Read Clark's article in Kiplinger to learn more.
ST PAUL, Minn. – October 23, 2017 - The American Society of Pension Professionals & Actuaries (ASPPA) inaugurated Adam C. Pozek, QPA, QKA, CPFA, as the new President of the organization during the October 22 opening session of the 2017 ASPPA Annual Conference in National Harbor, MD.
"Bitcoin may be the hottest thing going in the investment world, but 401(k) plan participants aren’t likely to see it on their regular investment menus anytime soon," writes Jasmine Ye Han in Bloomberg BNA.
"Much has been written lamenting the near extinction of the corporate pension plan," Chris Carosa writes in a book excerpt posted to FiduciaryNews.com. "Are reports shaded by rose-colored glasses? Pension and retirement experts familiar with the history of defined benefit plans have a rather different view."
If exchange-traded fund assets are hot among individual investors, why are employers slow to add them as an option for employees?
"The 401(k) service sector has evolved considerably since its introduction in the Revenue Act of 1978," writes DWC Partner Keith Clark in 401(k) Specialist.