Retirees Taking 1st RMDs Must Do So by April 1
The IRS rule applies to most participants in workplace retirement plans and all traditional IRA owners.
Tag: IRAs
Benefits |
IRS Increases Tax-Free IRA Charitable Donation Limit to $105,000 for 2024
The annual cap rises from the previous $100,000 limit.
Products |
Investment Product and Service Launches
T. Rowe Price using Clearwater Analytics’ stable value investments; Robinhood kicks off gig workplace IRA offering with employers including Grubhub;...
Benefits |
Surging Stocks Helped Drive Q4 Jump in Fidelity 401(k) Millionaire Accounts
The number of 401(k) accounts with balances exceeding $1 million at Fidelity rose 20% in the final months of 2023.
Auto Default Contributions Hit High of 4.1% Among Fidelity Participants
The recordkeeper also found retirement saving balances rebounding with stronger market performance in Q2.
IRS Gives Extra Time to Fix RMDs Made Erroneously Under SECURE 2.0
The IRS notice also allows IRA beneficiaries to not take RMDs this year from accounts inherited in 2020 or later.
Benefits |
How Plan Sponsors Can Shift Focus to Decumulation
As most retirees no longer rely on a pension for lifetime income, plan sponsors should be exploring benefits that will...
Interest Grows Among Employers in Retaining Retiree Assets In-Plan
Cost, administrative work and fiduciary duties are all considerations when contemplating changing from traditional retirement plan structures.
Benefits |
Robust Retirement Tiers Can Help Keep Participants In-Plan
Plan sponsors who want to continue serving their retirees need to give them a reason to stay.
Participant Data Breach Hits Retirement Clearinghouse
The clearinghouse alerted more than 10,000 people that private information, including IRA account data, may have been stolen.
IRS Issues Update on 10-Year RMD Rule
The updated guidance waives the excise tax for those who failed to take a required minimum distribution in 2021 and...
Retirement Plans Outperformed the S&P 500 During a Volatile Second Quarter
401(k) savings rates remained near record levels.
IRS Updates Life Expectancy Tables for Retirees
The tax and spending watchdog has changed the defined contribution account withdrawal rules for retirement plan participants.
Some New RMD Rules Creating Confusion for Participants and Beneficiaries
Retirement plan sponsors cannot give advice, but they’ll likely get questions about distributions from inherited accounts.
Retirement Account Assets Reached New High in 2021
In an economy with significant momentum but also headwinds and pain points, new data from the Investment Company Institute shows...
OregonSaves Program Is Helping Boost Employees’ Retirement Savings
Academic research analyzed the auto-enrollment IRA program for private sector workers.
403(b) Account Rollover for Non-Spouse Beneficiary
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Products |
Investment Product and Service Launches
Transamerica announces latest R6 share classes and ESG Asset launches new capital health care disruptors fund.
Senators Introduce Enhancing Emergency and Retirement Savings Act
It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.
Products |
FPS, iJoin Streamline Rollovers from 401(k)s to IRAs
The automated service is for accounts that have $5,000 or less.