Nevin Adams

A scheme targeting individual 401(k) accounts, potentially at multiple recordkeepers, has resulted in a lawsuit by the U.S. Attorney’s office in Colorado to recover as much as $2 million in losses. The lawsuit, U.S. v. $81,963.74 in U.S. Currency (D. Colo., No. 1:17-cv-02894-PAB), filed Dec. 4 in... READ MORE

Thanksgiving has been called a “uniquely American” holiday, and though that is perhaps something of an overstatement, it is unquestionably a special holiday, and one on which it seems appropriate to reflect on all for which we should be thankful.Here’s my list for 2017:I am thankful that — for the... READ MORE

Behavioral finance tells us that human beings are prone to relying on heuristics — mental shortcuts, if you will — to solve complex problems. While these may not be very accurate, survey data and anecdotal evidence suggest that participants often rely on these benchmarks.Here are four that workers... READ MORE

Late last night, Senate Finance Committee Chairman Orrin Hatch (R-UT) released a modified chairman’s mark for the Tax Cuts and Jobs Act, with — mostly — good news for retirement plans.The revised tax reform proposal embraced an amendment to the original proposal offered by Senator Rob Portman (R-OH... READ MORE

All too often the innovations honored with a Nobel Prize fly under the radar of “regular” Americans. But that wasn’t the case recently when the work of University of Chicago’s Richard Thaler was acknowledged.Thaler was, of course, recognized by the Royal Swedish Academy of Sciences, who said that... READ MORE

While tax reform is still very much a work in progress, there was a lot of good news for retirement plans and retirement savers yesterday. But there were also a couple of unwelcome surprises, particularly for 403(b) and 457(b) plans. While there had been concerns that Rothification might surface... READ MORE

A major – and as yet largely unreported – change in the tax reform bill unveiled last week could have a dramatic impact on nonqualified deferred compensation. Section 3801 of the Tax Cuts and Jobs Act provides that an employee would be taxed on compensation as soon as there is no substantial risk... READ MORE

UPDATED 11:30 A.M. NOV. 3 The House GOP tax reform proposal released this morning “makes no changes to the popular retirement savings options that Americans have today – including 401(k)s and Individual Retirement Accounts, or IRAs.” But there are some potential issues. A document accompanying... READ MORE

Apparently we’ll have to wait another day to find out what House Republicans have in mind for tax reform. The Hill reports that the GOP now says the bill will be released on Thursday, with what the report classified as “fights over possible changes to the tax status of 401(k) retirement plans and... READ MORE