Industry, Investor News

On July 18, 2024, the IRS released final regulations on required minimum distributions (RMDs) and beneficiary options. These final rules have been anticipated since February 2022, when proposed regulations were published. Significant changes have occurred ...

The IRS has issued Notice 2024-81. This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) ...

The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical guidance regarding ...

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 ...