Retirement

Coronavirus-related distribution provisions can now be returned and there’s a larger pool of recipients eligible for relief. Here’s what advisors need to know

The Labor Department’s short comment period is one reason to get up to speed, fast.

Those who don’t pay them back could lose up to 45% of their potential savings.

The announcement was welcomed by Wall Street lobbying groups, some of whom sued to vacate the Obama-era regulation.

Secretary of Labor Eugene Scalia said retirement plans aren’t for “furthering social goals or policy objectives that are not in the financial interest of the plan.”

The rollover period has been extended to Aug. 31, allowing some clients to breath a sigh of relief.

The program faces big challenges, including the coronavirus pandemic which could deplete the program’s $3-trillion trust fund as early as 2028.

Thanks to the CARES Act, retirees can pass on taking required minimum distributions but should they?

The deals come as millions of baby boomers enter retirement.

The average employer match was 4.3% of pay, according to a 2019 Vanguard report.

A federal court decision that could be subject to appeal secured Social Security benefits for certain same-sex marriages that hadn't previously been eligible.

The Labor Department issued guidance Wednesday effectively allowing retirement plans to invest in buyout firms.

Early withdrawals from retirement accounts may be unavoidable in today’s economic climate. You can help mitigate the damage.

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

The new relief plan has something for many taxpayers, including retirees and the recently unemployed.

Strategies include utilizing charitable trusts to split benefits between multiple beneficiaries and taking advantage of donor-advised funds.

With many clients already home from work because of the pandemic, advisors are being asked why not now? For most, even the wealthy, the answer is clear.

Plunging oil prices have all but ruled out the possibility, according to a new report.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.