IRAs

This section covers the rules, regulations and restrictions for traditional and Roth IRAs, as well as other types of individual retirement planning options like SIMPLE plans, SEPs and Keough plans. 



IRAs

IRAs

By John Iekel7/14/2014 • 0 Comments

The IRS on July 11 announced that it is withdrawing a proposal it made in 1981 for an amendment to regulations governing IRA rollovers. The proposed amendment to Treas. Reg. § 1.408-4(b)(4)(ii) would have applied the rollover limitation on an IRA-by-IRA basis. This withdrawal affects individuals who maintain IRAs and financial institutions that are trustees, custodians, or issuers of IRAs. READ MORE

By Fred Barstein6/18/2014 • 0 Comments

Adding fuel to the fire, an attack on the IRA rollover industry by Bloomberg cites numerous examples of advisors preying on retirees rolling their 401(k) money into IRAs. One expert claims that IRAs are the “Wild West,” with limited oversight and regulation. The report focuses on one advisor who had built a business working with retiring AT&T employees and ended up with 37 FINRA complaints.
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By John Iekel6/2/2014 • 0 Comments

Employees who are terminated may be gone, but they’re not always forgotten — at least regarding the retirement plan. A growing number of plans allow terminated employees to live on as participants, notes Robert Leahy of Alliance Benefit Group.  READ MORE

By Fred Barstein5/22/2014 • 0 Comments

While assets in IRAs are larger than those in DC plans, the vast majority of their growth comes from rollovers, according to research from EBRI. READ MORE

By John Iekel4/14/2014 • 0 Comments

The Pension Benefit Guaranty Corporation has proposed allowing an employee to roll over funds from a DC plan into a DB plan.The proposal, which the PBGC issued on April 1 and was published in the Federal Register on April 2, is intended to increase returns by making rollovers easier and removing limits that could inhibit retirement saving.  READ MORE

By John Iekel4/14/2014 • 0 Comments

New guidance from the IRS may make the plan-to-plan rollover process a little smoother. Revenue Ruling 2014-9, issued on April 3, is intended to make it easier for plan participants to consolidate their retirement savings accounts by making it easier for them to move assets from one employer plan to another.  READ MORE

By John Iekel4/7/2014 • 0 Comments

IRS guidance and a pointed reminder from an industry group illustrate the increased frequency and importance of rollovers, not to mention that they are piquing the interest of federal regulators and interest groups.   READ MORE

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