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You've been planning and saving for decades, and now retirement is looming on the horizon. As the time to implement your retirement plan approaches, there are a variety of things...
Starting in 2024, employers can offer their nonhighly compensated employees the option to participate in emergency savings accounts that are linked to their company defined...
The Roth IRA, a retirement plan option for more than 25 years, was joined in 2006 by the employer-sponsored Roth 401(k) plan, also known as a "designated Roth account." Both...
The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) includes important changes that will affect employer-sponsored retirement plans and self-employed...
After months of negotiations, Congress finally passed the long-awaited Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0). This part of the omnibus...
For 2022, the amount you can sock away into your 401(k), 403(b) and most 457 plans will rise another $1,000 to $20,500. If you're at least 50 years of age, you can put away up to...
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax planning is a thing of the past. That may be true for some,...
It's a good idea for companies to self-audit their retirement plans to determine if there are any problems — before they hear from federal examiners. This way, they can protect...
How many Baby Boomer employees (those born between 1946 and 1964) will be leaving your organization in the next five years? When retiring employees clear out their desks and walk...
The U.S. Department of Labor (DOL) is advancing a proposal that would enable 401(k) plan sponsors to automatically transfer account balances up to $5,000 of former participants...