Page 59 - Secure Act News Today

The Secure Act changed a variety of retirement account rules that wil have a direct impact on the way you retire. With an update on what has changed in 2021, Stefan Contorno, senior vice president and partner of Touchstone Wealth Partners UBS – Bonita Springs. Watch the full interview above.

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Thursday, February 18, 2021 A spate of recent legislation and IRS guidance promises to make 2021 an active year for any employer seeking to provide its employees with a competitive array of employee benefits.  My “top 5” list of employee benefits that an employer should introduce or enhance in 2021, to improve retention and/or recruitment, is set forth below: Student Loan Repayment by Employer under an Educational Assistance Program. If there is one request that millennials and y...

Back in 2019 the government passed the Secure Act in an effort to incentivize small business owners to start offering retirement plans to their employees.

The measure follows legislation that would let nonprofits participate in pooled employer plans December 21, 2020 2 MINS Several Senators on Friday introduced a bill that would let 403(b) plans participate in MEPs, part of a wider push by Congress to allow nonprofits into pooled retirement plans. Along with permitting 403(b)s to participate in multiple-employer plans, the Improving Access to Retirement Savings Act would also allow small businesses to claim a start-up credit...

Your article was successfully shared with the contacts you provided. Pension obligations are a major liability on many corporate balance sheets. Retirees are living longer than ever, sometimes claiming pension payments for decades. Advisors to pension plans may be called upon for suggestions of how to de-risk employer-sponsored benefit plans. Weighing available options is crucial. One idea that’s gaining traction: annuities. In recent years, Lockheed Martin, FedEx, Raytheon, Alcoa and others ...

Order Reprints Print Article “It has to be dynamic—if it’s static, it won’t endure,” says Avery Fontaine. Illustration by Rob Dobi Text size Philanthropic planning isn’t typically viewed with the same urgency as other areas of wealth management. But the idea that philanthropy belongs in a quiet and slow-moving corner of a wealth plan is outdated, and advisors are encouraging folks to view gifting plans as tactical and integral to broader wealth-management...