What Does SECURE 2.0 Do for RMDs and Catch-Up Contributions?
The RMD change is straightforward, but the catch-up change, not as much.
Tag: required minimum distributions (RMDs)
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.
With SECURE 2.0 Through The Senate, Retirement Experts Widely Endorse House Approval
Legislation gets wide acclaim as a positive reform in the retirement sector as passage hinges on House vote.
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...
How Would A Change in RMD Rules for 403(b) Plans Apply to Participants With Multiple Plans?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
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...
IRS Updates Life Expectancy Tables for Retirees
The tax and spending watchdog has changed the defined contribution account withdrawal rules for retirement plan participants.
When Do RMDs Have to Start and What Is Maximum Normal Retirement Age?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
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.
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...
Opinions |
SECURE Act 2.0 Could Be a Game Changer for Retirement Planning
Syed Nishat, with Wall Street Alliance Group, discusses anticipated changes from retirement plan legislation introduced at the end of last...
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...
Retirement Plan Experts Applaud Raising RMD
They say it will give retirement plan participants a longer window in which to increase their savings, tax deferred.
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.
SECURE Act Compliance Q&A Published by IRS
The guidance document includes an extensive number of questions and answers about five key changes made by the SECURE Act.