Updated Saturday, July 26, 2014 as of 1:11 PM ET
How to Enhance 401(k) Plans: Thursday's Retirement Scan
Our daily roundup of retirement news your clients may be thinking about.
How to fix the 401(k) and income inequality in one fell swoop
A former federal official has proposed to reduce the tax benefits of 401(k) contributions to high-income workers, and to establish a universal 401(k) plan that would have features, such as low fees and automatic enrollment, to fix the retirement system. The proposed universal 401(k) plan was considered in the past, but it failed to gain support in Congress. The government could still have other options to address the problem, such as cutting the federal estate tax exemption.  --CNN Money   more »
More in Estate Planning
Both parents and their adult children report they are more comfortable talking to a financial advisor than to one another about planning and wealth transfer issues. Use these 7 tips to boost your firm's offering. more »
Successful professional women often have specific concerns when it comes to their estates. Be sure you can help address them. more »
The Federal Housing Administration clamped down further on reverse mortgages, saying it will no longer insure a variant of the product featuring a fixed rate and a line of credit. more »
New rules up the ante on estate planning, making it imperative that planners change their tactics. more »
As advisors work with an increasingly older clientele, it's imperative they arm themselves and their clients with the right documents to prepare for the inevitable. more »
As business owners prepare to sell, advisors have new opportunities for growth. Here's what you need to know. more »
As more people live into their 100s -- and as families in which four or five generations overlap become commonplace -- some core elements of financial planning need to change, says one longevity specialist. more »
Having a long-term horizon for the sale of a business puts the owner in a better position to optimize tax strategies. It's also an opportunity for advisors angling for the investment business a sale will produce. more »
Advisors need to spend more time helping clients plan for long-term care and inheritance allocations before problems arise, says one advisor and author. more »
Tax law changes may make it harder for advisors to show how specialized services are vital. Here's how to adapt. more »
Many considered Dec. 31, 2013, the final date for year-end tax planning, but there are numerous planning actions that you can take in 2014 retroactive to 2013. Here's a quick and easy guide to help with planning. more »
Congress dangled an incentive for high-income Americans to convert their tax-deferred individual retirement accounts into post-tax plans. Their response was overwhelming. more »
Rather than leaving an account to heirs, it may be smarter to designate a charitable remainder trust as the beneficiary. more »
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