How Much of a 403(b) Balance Can a Retired Participant Roll Over to an IRA?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Tag: required minimum distributions
What’s Changing in 2024 Under SECURE 2.0
A comparison of the SECURE 2.0 Act of 2022 provisions taking effect in 2024 and prior law, where applicable, according...
When Can a Participant Purchase a QLAC?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
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.
Does SECURE 2.0 Require Immediate Action by 403(b) Plan Sponsors?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
A Time For Plan Sponsors To Complete 2022 Year-End Amendments and Operational Compliance
Late November means Thanksgiving and colder temperatures, and for retirement plan sponsors—detailed in blog post by Groom Law Group—the time...
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...
Proposed RMD Rules for 403(b)s Could Mean Big Changes
A change to how required minimum distributions are taken from 403(b) contracts might call for changing recordkeeping systems and dusting...
The Process for Issuing RMDs When Participants Are ‘Missing’
Failing to issue required minimum distributions can be costly, so sponsors must follow exact steps from the IRS and DOL...
Not Having a Retirement Drawdown Strategy Can Affect Retirement Security
A survey finds a majority of retirees are using RMDs for ‘guidance’ about how to spend down their assets, but...
Do DC Plan Participants Benefit From Increasing the RMD Age?
Research finds that moving the age for required minimum distributions has little effect on accumulated savings, but participant behavior may...
RMDs in 2021
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
CARES Act Considerations: CRDs, RMDs, Taxes and More
Between retirement reforms first created by the SECURE Act and then updated by the CARES Act, there is a lot...
IRS Updates Mortality Tables for Calculation of RMDs
The agency says the purpose of the updates is to allow retirees to retain more savings in their accounts in...
RMD Questions Related to 457(b) Plans
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Clarification of the Legislative Changes Made for RMDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Opinions |
COVID-19 Compliance Corner: IRS Clarification of RMD Waivers and Extension of Rollover Deadline
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Opinions |
COVID-19 Compliance Corner: The Waiver of 2020 Required Minimum Distributions
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
Are RMDs Required for Those Who Turned 70 1/2 in 2019?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Important Considerations Before Waiving RMDs
Taking required minimum distributions (RMDs) is about shifting to a taxable account, not necessarily about liquidating investments.