PLANADVISER Weekend Newsdash
Week ending January 20th, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! All eyes are on the Washington political power transition this week, and so our wrap-up newsletter looks at some of the latest actions by the DOL, SEC and other federal regulators. We’ve heard a real variety of opinions regarding the approach that may be taken by the newly minted Trump Administration when it comes to enforcing ERISA and other investment regulations, and we anticipate hearing a lot more in coming weeks. Stay tuned to  for all the latest. 
Editor's choice
Retirement Clients Concerned Over Federal Tax Policies
A Transamerica survey found that 34% of Americans believe extending the Saver’s Tax Credit to all filers regardless of income should be a priority for incoming President Donald J. Trump and the new Congress. Read more >
All Eyes On Potential Washington Policy Reforms
Advisers are “keenly aware of their clients’ moods and recognize that there are no ‘one size fits all’ retirement plans in the face of an unpredictable future,” research shows. Read more >
Firms Charge Ahead Regardless of Trump Policies
Retirement industry executives overseeing one of the largest recordkeeping businesses around say they are optimistic for the future of DC retirement planning, whatever policies emerge from Washington. Read more >
SEC Names Retirement Investments Among 2017 Exam Priorities
Among the topline priorities for the Securities and Exchange Commission’s examination staff during 2017 will be “the services provided by public pension advisers” and an “expanding focus on senior investors and individuals investing for retirement.” Read more >
SEC Offers Guidance on DOL Fiduciary Rule Compliance
Since the DOL conflict of interest rule’s publication, mutual fund providers and their adviser-intermediaries have also been asking the SEC extensive questions about sales loads, fee schedules, etc. Read more >
MOST POPULAR STORIES
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
Many Near-Retirees Don't Understand Social Security Benefits

More than one-third failed a basic Social Security quiz administered by MassMutual.

The Most Common Retirement Plan Testing Mistakes

By alerting plan sponsors to the issues they see most often, advisers can help their clients navigate IRS testing rules.

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