Expert: Advisers Should Pause on DOL Rollover Guidance Despite Court Reversal
In the meantime, legal experts discourage advisers from violating it in case it is re-instated.
Tag: individual retirement account (IRA)
Advisory M&A
Sequoia acquires Zeke Capital Advisors; iTrustCapital integrates with Fortress Trust; Hightower invests in Bickling Financial Services; and more.
Investment Service and Product Launches
California ABLE program selects Vestwell for disability savings; Embark launches automated investing platform; and more.
60/40 Portfolio Can Be Improved With Creative Use of Alternatives, Experts Say
After stock-and-bond “bloodbath” in 2022, retirement savers may want to rework the old 60/40 return model.
Bridging the Racial Retirement Gap: A Conversation With Spencer Williams
The CEO and president of the Retirement Clearinghouse talks about his decades-long project with Bob Johnson to implement 401(k) auto-portability.
Will RMD Age Increases Cause ‘Abandoned’ Property Problems?
SECURE 2.0 increased the RMD age to 73 and will increase it again to 75 in 2033. Some states’ laws...
Half of 1M Robinhood IRA Savers Pick In-App Investment Recommendation
Online stock brokerage Robinhood said nearly 75% of more than 1 million users for its new IRA offering chose a...
Recordkeepers Beat Out External Managers for IRA Rollovers
While new research finds recordkeepers took the lead for overall rollover count in 2022, IRA providers outside of employer retirement...
Behind Robinhood’s Retirement Push
Online brokerage Robinhood’s head of investment management left a 21-year career at J.P. Morgan to reach a wider population of...
When Merging Retirement Planning and Wealth Management, Participants Must ‘Come First’
As retirement planning and wealth management begin to overlap, a dividing line must be drawn between them for both business...
Stock-Trading Platform Robinhood Launches IRA with 1% Match
Robinhood, which came to fame during the pandemic stock-trading boom, enters the retirement space via an IRA with an automatic...
Regulators: Crypto, Fake IRAs Increasingly Used to Scam Older Investors
Representatives from NASAA, the SEC, and FINRA spoke about the need for financial advisers and firms to be trained to...
IRS Reveals 2023 Contribution Caps for 401(k) and IRAs
The contribution limit changes reflect cost of living changes from this year.
IRS Issues Update on Required Minimum Distribution Rule
The guidance clarifies that people who did not take RMDs in 2021 and 2022 will not be responsible for the...
ERISA vista
If Caught Off Guard by a Failure
Advisers can self-correct some violations of PTE 2020-02.
Compliance Consult
Compliance for Wealth Managers
PTE 2020-02 cannot resolve all conflicts of interest.
What Mutual Fund Fee Disparities Mean for Retirement Savings
Retail investors generally pay more fees in IRAs than in workplace plans, leading to higher costs and lower long-term savings.
New RMD Rules Mean the End of an Era for IRAs
Advisers should revisit planning for those who were counting on the 'stretch‘ IRA.
ERISA vista
Best Interest Reasons for a Rollover
PTE-2020-2 allows for circumstances that outweigh an IRA’s costs.