Industry News

INFLATION GRADE: B After a series of upside inflation surprises this year, inflation simply meeting expectations—though still-lofty ones—was enough to allow markets to breathe a sigh of relief. Key Stats Headline inflation advanced +0.30% in ...

Retirement plan accounts (other than Roth accounts, that is) are tax deferred, but not forever. At a certain age, every retirement plan owner or participant must begin to receive annual taxable distributions. The amount of ...

In this article, the authors examine a little-known provision in the recently enacted SECURE 2.0 retirement legislation concerning the required minimum distribution rules and explain how it can help taxpayers. The federal tax regulations implementing ...

The Internal Revenue Service and the Department of the Treasury have issued a notice that provides leniency regarding mistaken required minimum distribution payouts from retirement plans under new SECURE 2.0 Act of 2022 rules and ...

As part of the Biden administration's fiscal year 2023 budget proposal, aka the Green Book, for the Treasury Department, Janet Yellen testified before the Senate Finance Committee and the House Ways and Means Committee in early June ...

We have good news for our industry! RITA's Washington, DC legal team has been successful in appealing to the IRS to extend the RMD regulation deadlines. One of the issues that RITA identified in its ...

As discussed below, in August, through Notice 2022-33, the Internal Revenue Service (IRS) announced extended plan and IRA amendment deadlines for: (1) The SECURE Act; (2) Section 104 of the Miners Act (lowering the in-service ...

The economy is in rapid recovery from the pandemic, which caused a downward spiral in economic output for 2020 and 2021. The pandemic also increased inflation rates to heights our nation has not seen in ...

Retirement account balances continued their post-pandemic recovery in the first quarter, up 1.8% from December, and totaled $35.4 trillion. Retirement assets accounted for 32% of all household financial assets in the United States, according to the Investment Company Institute. ...

The nation’s retirement system is constantly changing. Often, not for the better. There are fundamental changes that have made it especially hard for Americans to retire. Social Security is not what it used to be, ...