A new report from Charles Schwab explores retirement plan participant investment activity within self-directed brokerage accounts; findings show self-directed accounts associated with advisers are better diversified.
An Employee Benefit Research Institute analysis breaks down the number of 401(k) contributors who would be affected by a mandatory, partial Rothification proposal in tax reform.
Nominating a plan sponsor client is a great way to show appreciation
and highlight important best practices that are improving outcomes for defined
contribution and pension plan participants. Nominations for all types of
retirement plans will be considered, so don’t delay.
“The tax rules have always been designed to tie the interests of the employer and the employee together," one former EBSA official says. “So if you mess up the tax treatment and remove the incentive to offer a plan, small businesses aren’t going to go through the trouble, risk and expense of offering one at all.”
Investing in a Roth versus a traditional IRA effectively
raises the limit on what one can save, leading to materially greater wealth in
retirement in the vast majority of tax scenarios.
A Transamerica survey found that 34% of Americans believe extending the Saver’s Credit to all filers regardless of income should be a priority for incoming President Donald J. Trump and the new Congress.
“Tax incentives for
retirement savings are designed to help people build a nest egg,” says one
high-ranking member of the Senate Finance Committee, “not a golden egg.”
According to ICI data, at year-end 2014, nearly a third of Roth IRA
investors were younger than 40, compared with just 15% of traditional IRA
investors.
No comments were received regarding the proposed regulations, so the IRS finalized the proposed regulations, with a one-year delay of the applicability date.