Industry News

Tricky Timelines If You Miss an RMD

When a client fails to take a required minimum distribution, you usually want to seek a waiver of the 50% penalty that would apply to this mistake. My October 2015 column explained exactly how to apply for ...
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Industry Leader Swings Against State Fiduciary Proposals

The Securities and Exchange Commission is likely to adopt its “best interest” rule aimed at upgrading brokers’ responsibility to customers by next summer, but industry leaders who generally support Reg BI complained Thursday that states ...
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Lawmakers Ask GAO to Explore Cybersecurity Issues in Defined Contribution Plans

The increase in retirement savings held in defined contribution plans, the ubiquity of online accounts and the large number of digital interactions between plans and service providers present "a tempting target" for criminals, two legislators ...
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