Retirement security

In This Week’s Tax News – 18.08.31

Topics: Retirement security, Tax reform

Friday, 31 August 2018 While the House remained on recess this week, the Senate continued accomplishing the essentials of government. They passed a number of key Appropriations bills and voted to confirm over a dozen of President Trump’s judicial nominations after party leaders struck a deal to allow Senators to return to their districts. Yesterday,…

Proposed Legislation Could Expand Multiple Employer Plan Opportunities.

Topics: Retirement security, Tax treatment

The Senate Finance Committee unanimously approved a bill that would allow unrelated employers to join “pooled employer plans,” which are multiple employer plans (“MEPs”) meeting certain requirements that are treated as single plans for ERISA purposes. The MEP proposal is included in a bill, known as the Retirement Enhancement and Savings Act of 2016, which…

Administration’s FY 2017 Budget – Part II- Targeting Retirement Plans & Savings.

Topics: IRAs, Life insurance products, Qualified Plans, Retirement security, RMDs

The WRMarketplace is created exclusively for AALU members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors. The AALU WRNewswire and…

Treasury Issues Final Regulations to Facilitate Use of Longevity Annuity Contracts within Retirement Accounts

Topics: 457b, Annuities, IRAs, Life insurance products, Qualified Plans, Retirement security, Tax treatment

In announcing the release of final regulations (“final regulations”) which are intended to increase the attractiveness and practicality of utilizing a particular type of deferred annuity—called a QLAC (“qualifying longevity annuity contract”)—within retirement accounts to avoid exhausting retirement savings, Mark Iwry, the Treasury’s deputy assistant secretary for retirement and health policy stressed: As boomers approach…