AALU Library

The AALU Library gives you access to all your premium content. With all the best information organized in one place and searchable, it has never been easier to find the information to help you maximize your business. From deeper dives into diverse topics with our Washington Report Marketplaces to issue one-pagers and webinars featuring industry leaders with decades of experience, the AALU Library is your one-stop-shop for policy and professional updates.

SECURE Act Floor Action / Ambassadors in Action with Sens. Scott and Cornyn / DOL Rule

Topics: Advisor Standard of Care, Congress, DOL, IRS, Regulation, Retirement security, SEC, Treasury Department

May 17, 2019 This Week in Washington We learned yesterday that the full House of Representatives will vote on the SECURE Act (H.R. 1994) next week. AALU’s Capitol Hill Club Day during TRANSFORM 2019 played a key role in driving this legislation forward. Ambassador in Action During TRANFORM 2019, Ambassadors met with Sens. Tim Scott...

Client Piece – Transfer for Value

The Details – Courtesy of Ken Kies, Federal Policy Group The Code generally excludes death benefits from being treated as taxable income.1 However, there is a general exception to this exclusion for death benefits paid on contracts that were transferred for “valuable consideration.”2 This “transfer for value” rule (“TFV Rule”) generally applies to any “transfer”…

Retirement Help for Individuals with Student Loan Debt

IRS Guidance In 2018, the IRS addressed matching contributions for student loan repayments when it issued a Private Letter Ruling (PLR) in response to such a program set up by Abbott Labs. The IRS concluded that the program would not violate the regulations covering 401(k) plans. Earlier this week, Stephen Tackney, Deputy Associate Chief Counsel…

Ambassadors in Action

Ambassadors in Action with Senator Tim Scott (R-SC) Over the last few years, John Watson has developed a close relationship with Senator Scott. On April 28, John and Penn Mutual hosted the senator for dinner, where the friendship and mutual respect they have developed was evident as the pair entertained guests over dinner. The senator…

Retirement Help for Individuals with Student Loan Debt

IRS Guidance In 2018, the IRS addressed matching contributions for student loan repayments when it issued a Private Letter Ruling (PLR) in response to such a program set up by Abbott Labs. The IRS concluded that the program would not violate the regulations covering 401(k) plans. Earlier this week, Stephen Tackney, Deputy Associate Chief Counsel…

Ambassadors in Action

Ambassadors in Action with Senator Tim Scott (R-SC) Over the last few years, John Watson has developed a close relationship with Senator Scott. On April 28, John and Penn Mutual hosted the senator for dinner, where the friendship and mutual respect they have developed was evident as the pair entertained guests over dinner. The senator…

Client Piece – Transfer for Value

Topics: IRS, Regulation, Treasury Department

The Details – Courtesy of Ken Kies, Federal Policy Group The Code generally excludes death benefits from being treated as taxable income.1 However, there is a general exception to this exclusion for death benefits paid on contracts that were transferred for “valuable consideration.”2 This “transfer for value” rule (“TFV Rule”) generally applies to any “transfer”…

Retirement Income Strategies, What Boomers Need, Future of Insurance Regulation, and More

Topics: COLI/BOLI, IRS, NQDC, Regulation, Retirement security

May 09, 2019 Assets Under Management The Flooring Approach: Creating a Baseline for Retirement Income The flooring approach to retirement income involves building a baseline income to ensure mandatory expenses are met annually, while still having upside potential in your retirement portfolio for non-essential expenses. In this Forbes piece, Jamie Hopkins discusses the fundamentals of…