Trump and Biden Differ on Social Security, 401(k) and Tax Policies
What both candidates have proposed as it relates to the retirement industry.
Tag: tax reform
House Moves Ahead on Retirement Portions of Tax Reform 2.0
Mostly party-line House action this week included passage of the Family Savings Act, which features key provisions drawn directly from the popular Retirement Enhancement and Savings Act.
Republicans Flesh Out Tax Reform 2.0, Taking Aim at Retirement Issues
A trio of bills introduced before the House Ways and Means Committee this week offer the first detailed look at Republican Congressional leaders’ hopes for “Tax Reform 2.0,”...
Tax Reform, Fiduciary Rule Impact 403(b) and 457(b) Plans
The National Tax-Deferred Savings Association updates its reference guide ‘The Source’ to reflect last year’s tax reform and the DOL fiduciary rule derailment.
Roth Conversions Part of the Tax Diversification Tool Belt
Under IRS guidance, participants can select to convert their entire pre-tax balance or a portion of it; they often have a lot of questions about the right amount...
Americans Plan to Turn to Advisers for Tax Reform Guidance
The Tax Cuts and Jobs Act has also increased Americans’ appetite for equities.
Tax Reform Prompts Affluent to Seek Out Financial Planners
Fifty-three percent say that working with an adviser could help them meet their goals.
Accelerating DB Funding an Important Strategy to Discuss
Tax reform has only increased the incentive to accelerate contributions to defined benefit plans, and there will still be incentives in the future, but plan sponsors won't benefit...
Americans to Use Tax Reform Pay Bump for Financial Wellness
A survey of 1,000 Americans found 35.7% of respondents are going to use the money to pay down debt faster, 12.8% are going to use the money to...
Wagner Law Group Dissects Possible Tax Cuts and Jobs Act Loophole
Since the 20% deduction of qualified business income means that a self-employed individual will be taxed at a lower rate than an employee performing substantially the same work...
Small-Business Clients Will See Biggest Tax Impact on Retirement Plans
The net result of the Tax Cuts and Jobs Act is that many clients will have a lower effective tax rate, and this can have a direct impact...
Tax Reform Is Leading Some Plan Sponsors to Enhance Benefits
More than one-quarter of organizations have or are planning or considering increasing 401(k) contributions, Willis Towers Watson finds.
Achieving ‘Tax Clarity’ on Retirement Income Is Possible in 2018
“Understanding and discussing the tax impact of your investment and retirement account withdrawal recommendations is not the same thing as giving tax advice,” explains Joe Elsasser, president of...
Drinker Biddle: Tax Cuts Alter Loan Offset Rollover Requirements and More
One change in the law means that in many cases, a participant will have more time in which to effect a tax-free rollover of a plan loan offset...
Resolutions for E&F Investment Committees to Consider in 2018
Mercer introduces their top 10 key tips for endowment and foundation (E&F) committees to understand and implement throughout the year.
Provisions of Tax Reform Could Affect DB Plan Sponsor Strategies
DB plan sponsors may want to make a voluntary contribution to their plans in 2018 to claim a deduction at their former, higher tax rate, according to Michael...
FinTech Product Providers Hard At Work Programming Tax Cut Response
Changes to the tax code will impact retirement planning beyond individual and pass-through business taxation; investing support tools and tax management platforms trusted by advisers have to make...
Tax Reform Bill Could Affect ESOPs
Newly leveraged Employee Stock Ownership Plans that borrow a large amount may find that their deductible expenses will be lower.
Mercer Experts Put Odds In Favor of Republican Tax Reform Success
The text of a combined bill drawing together the House and Senate proposals is slowly emerging ahead of critical up-or-down floor votes scheduled for early next week.