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401(k)

U.S. Supreme Court Clarifies How ERISA's Duty to Monitor Plan Investments Interacts with the Six-Year Statute of Limitations

June 12, 2015
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On May 18, 2015, the U.S. Supreme Court decided the case of Tibble v. Edison International. Tibble was an employee of Edison and participated in its 401(k) plan. He and other employees sued Edison under the Employee Retirement Income Security Act (ERISA) for breach of fiduciary duty for offering six higher-priced retail-class mutual funds as…

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401 (k) Plans

October 22, 2014

Qualified cash or deferred arrangements (CODAs) permitted under Section 401(k) of the Internal Revenue Code, commonly referred to as “401(k) plans,” have become one of the most popular types of employer-sponsored retirement plans. How does a 401(k) plan work? With a 401(k) plan, you elect either to receive cash payments (wages) from your employer immediately,…

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401(k) Plans

March 17, 2014
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Qualified cash or deferred arrangements (CODAs) permitted under Section 401(k) of the Internal Revenue Code, commonly referred to as “401(k) plans,” have become one of the most popular types of employer-sponsored retirement plans. How does a 401(k) plan work? With a 401(k) plan, you elect either to receive cash payments (wages) from your employer immediately,…

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Prepare for Hurricanes, Natural Disasters by Safeguarding Tax Records

June 5, 2013
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IR-2013-56, May 29, 2013 WASHINGTON — With the start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records Electronically Taxpayers should keep a set of backup records in a safe place. The backup…

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The 2012 American Taxpayer Relief Act: Retirement Provisions

February 8, 2013
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The American Taxpayer Relief Act of 2012 (ATRA), enacted to avoid the fiscal cliff, includes two provisions that may be important to certain IRA owners and retirement plan participants. The first extends tax-free charitable contributions from IRAs through 2013, and the second liberalizes the rules for 401(k), 403(b), and 457(b) in-plan Roth conversions.  Tax-free charitable…

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IRS Announces 2013 Pension Plan Limitations; Taxpayers May Contribute Up to $17,500 to Their 401(k) Plans in 2013

December 17, 2012
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*Reprinted from the IRS website IR-2012-77, Oct. 18, 2012 WASHINGTON — The Internal Revenue Service today announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2013. In general, many of the pension plan limitations will change for 2013 because the increase in the cost-of-living index met the statutory…

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Financial Perspectives for Women

August 14, 2012
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Today, women have more opportunities to achieve financial success than ever before. However, it’s a fact that women often face obstacles that their male counterparts don’t. It’s important to recognize and account for these challenges. For more information, watch the short video clip below regarding these challenges and other potential financial setbacks. Financial Perspectives: Understanding…

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Borrowing from Your 401(k)

March 12, 2012
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With the current financial situation, you may be tempted to tap your 401(k). But before you decide to take a plan loan, be sure you understand the financial impact. It’s not as simple as you think. The basics of borrowing A 401(k) plan will usually let you borrow as much as 50% of your vested…

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Should You Pay Off Your Mortgage or Invest?

January 24, 2012
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Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for retirement, your child’s college…

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Mutual Fund Fees: Look at the Total Picture

July 20, 2011
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Why should you care about mutual fund fees? Because fees are deducted from your account balance, they reduce your total return and, ultimately, the size of your nest egg when you retire. Consider how just a one percentage point difference in fees – for instance .5% vs. 1.5% – could affect your account over time.…

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