For some clients there are major potential benefits in converting pre-tax retirement plan accounts to a Roth account. For others it’s a pretty bad idea and can lead to large unexpected tax bills and other challenges.
Employees can set up payroll deductions to fund their “my Retirement Account.”
Three-quarters of Roth IRA investors opened their accounts with contributions only.
The U.S. Department of Treasury maintains the view that its myRA program is not subject to the extensive reporting, disclosure, fiduciary duty or other requirements of ERISA.
The U.S. Treasury issued final regulations establishing a new type of electronic retirement savings bond designed to serve as the backbone of the president’s myRA program.
Take three couples entering retirement with the same asset base but very different strategies for making the money last. Think you can predict the winner?
The Internal Revenue Service (IRS) has amended the two safe harbor explanations that can be used to satisfy the requirement that certain information be provided to recipients of eligible retirement plan rollover distributions.
The Internal Revenue Service issued guidance clarifying the impact a 2014 individual retirement account (IRA) rollover has on the pending one-per-year limit imposed on tax-free rollovers.
The Internal Revenue Service (IRS) has announced updated Web pages, checklists and fix-it guides to aid employers in operating their plans and correcting mistakes.
Average individual retirement account (IRA) contributions for tax year 2013 reached $4,150—a 5.7% increase from 2012 and an all-time high, according to Fidelity Investments.
The addition of a Roth savings feature to defined contribution plans is becoming more popular.
Unlike traditional individual retirement accounts (IRAs), contributions are the predominant way investors open Roth IRAs, according to a new Investment Company Institute (ICI) analysis.
The Supreme Court of the United States (SCOTUS) upheld a lower court’s determination that inherited individual retirement accounts (IRAs) do not share the same bankruptcy protections as self-funded IRAs.
Roth IRA balances grew at twice the rate of traditional individual retirement accounts (IRAs) between 2010 and 2012, according to a new analysis from the Employee Benefit Research Institute (EBRI).
In 2010, the Internal Revenue Service (IRS) launched a large compliance project, the 401(k) Questionnaire.
Roth 401(k) plan features are gaining in popularity, Aon Hewitt research finds.
During a U.S. Senate subcommittee hearing, a Treasury official discussed details and the intent of the myRA proposal.
President Obama raised both hopes and eyebrows when he introduced new proposals for combating America’s retirement crisis during his fifth State of the Union address.
The Internal Revenue Service (IRS) has issued more guidance about in-plan rollovers into Roth accounts.
Many self-employed people expect their savings to fund their retirement—but 40% are not saving regularly and 28% are not saving at all, a survey found.