Page 57 - Secure Act News Today

View Comments RICHMOND, Ind. — With "now hiring" signs sprouting like dandelions this spring, employers might need something extra to entice workers. The Wayne County Area Chamber of Commerce is introducing a second program to make it more affordable for local companies to provide employees extra benefits. This time, its an opportunity to offer 401(k) retirement savings. Melissa Vance, president and CEO of the chamber, said local salaries do seem to be rising because of the competitive hiri...

President Joe Biden’s just-released budget could affect which parts of the retirement bill ultimately survive attorney Brad Campbell says.

In making your IRA contribution I would recommend that you use a Roth IRA, which has many benefits for you. First, Roth IRAs are not subject to the minimum required distribution. Therefore, you can let this money grow tax free for as long as you choose. In addition, you have the benefit that if you should pass away with a balance in your Roth IRA, your beneficiaries would be able to withdraw that money income tax free. Typically, in a traditional IRA, if you should pass away with a balance in y...

Below the Radar: The HEAR Act Rears Its Ugly Head Again Ammoland Inc. Posted on Below the Radar: Making America Safe and Secure Act of 2019 United States – -(AmmoLand.com)- From now on, when an anti-Second Amendment extremist says they want to “regulate” something, you can take it to the bank that what they really want is a ban. One prime example of this is legislation introduced by Senator Robert Menendez and Representative Bonnie Watson Coleman. The legislation is the Help Empower...

This Expert Says the IRS Made a Mistake: Could It Affect Your IRA? This Expert Says the IRS Made a Mistake: Could It Affect Your IRA? A well-known retirement savings expert says he is "100% convinced" the IRS made an error that the agency soon will need to correct. Photo by Rainer Fuhrmann / Shutterstock.com A retirement savings expert says he is “100% convinced” the IRS made a mistake and will have to correct it soon. Ed Slott, a well-respected IRA distribution expert, says IRS guidance is...

I’m always in favor of encouraging saving for retirement, and one avenue for...

5 strategic ways to save for your child’s college tuition By Tim Maxwell If you want to aggressively tackle your debt, youll need strategies that move the needle. (iStock) Expand With rising costs for college tuition – which range from $9,410 for in-state public universities to $32,410 per year at private colleges – saving for your child’s tuition is a challenging task. But as daunting as it may seem, you can successfully create a savings plan for your child’s college education by...

The city is joining a handful of states that already have launched such auto-IRA arrangements or are close to doing so.

Get Morningstars essential reading for financial professionals in Advisor Digest. Depending on your view, the Secure Act has either “killed” the trusteed IRA or given it a new lease on life. I’m in the latter camp. From my angle, the trusteed IRA is the perfect cure for one of the biggest Secure Act-created problems--namely, how to control distributions to a beneficiary under the 10-year rule. But if you’re a financial advisor looking for a sales pitch for the trusteed IRA, the Secure ...

05/13/21 LEAD STORY Were in the midst of commencement season, and the Class of 2021 is ready to make its mark. In Washington, without much pomp or circumstance, Congress took action on a number of initiatives designed to affect change across the nation and among a number of disciplines. We take a closer look at some of the parchment papers crossing their stages this week. SECURE YOUR FUTURE The House Ways and Means Committee passed H.R. 2954, the Securing a Strong Retirement Act of 2021, dub...