Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 31st, 2019
Collected in this newsletter are the Top 10 most-clicked news posts published this year on www.planadviser.com. The stories range across a wide variety of topics, underscoring how dynamic of a year this has been for the retirement planning industry. Much more coverage to come in 2020.
Many Retirees Wish They Had Delayed Taking Social Security Benefits
MassMutual says a married couple that lives into their 90s but decides to begin their Social Security benefits at age 62 as opposed to age 70 could be leaving as much as half a million dollars on the table, or forfeiting $2,000 to $4,000 a month for life. Read more >
Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
According to plaintiffs in a new ERISA lawsuit, the pension plan in question was underfunded by nearly $6 billion dollars when its assets and liabilities were transferred to a spinoff company. Read more >
Explaining True-Up Matches
DC plan sponsors may want to offer a true-up match to help participants reach their retirement savings goals. Read more >
MOST READ ARTICLES
1
Inheritance Pathways Exist to Replace Stretch IRAs
2
Washington Update: Industry Turns Attention to Portman-Cardin Bill
3
FINRA Wants to Help You With Reg BI Compliance
4
‘Stretch IRAs,’ Multigenerational Inheritance and the SECURE Act
5
CAPTRUST Acquires Fountain Financial Associates
Sponsored message from T. Rowe Price
Target Date Investing: Going Beyond the Numbers
Click here to watch the video.  Read more >
2020 Contribution and Benefit Limits Announced
The limit on deferrals to 401(k), 403(b) and most 457 plans has been increased by $500. Read more >
Longevity to Exacerbate the Challenges Retirees Face
For those 75 and older, out-of-pocket medical costs amount to 20% of their income. Read more >
New Mortality Tables Issued for 2020 DB Plan Calculations
The IRS has issued Notice 2019-26, which specifies updated mortality improvement rates and static mortality tables, as well as a modified unisex version of the mortality tables, to be used for defined benefit (DB) plans. Read more >
IRS Issues How-To Guidance for Prorating Short Plan Years
Two new IRS publications lay out important rules and clarifications for when and how to prorate compensation and benefit limits for short plan years. Read more >
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
Besides a lengthy Finance Committee hearing discussing the popular RESA legislation, the day on Capitol Hill also brought news of the introduction of the new Retirement Security and Savings Act. Read more >
IRS Proposes Changes to Tables Used in RMD Calculations
The purpose of any such updates would be to increase the effectiveness of tax-favored retirement programs by allowing retirees to retain sufficient retirement savings in these programs for their later years, the IRS says. Read more >
Market Mirror
Yesterday, the Dow lost 183.12 points (0.64%) to finish at 28,462.14, the NASDAQ closed 60.62 points (0.67%) lower at 8,945.99, and the S&P 500 decreased 18.73 points (0.58%) to 3,221.29. The Russell 2000 was down 4.88 points (0.29%) at 1,664.15, and the Wilshire 5000 fell 188.08 points (0.57%) to 32,788.74.   The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.892%. The price of the 30-year Treasury bond decreased 26/32, bringing its yield up to 2.339%.
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