Retirement security

How To Replicate A Stretch IRA, Why Retirees Are Wary of Annuities, Five Biases That Drive Clients, And More

Topics: Advisor standard of conduct, Annuities, Business uses of Life Insurance, Defined contribution plans, ERISA, IRAs, Key man, Life insurance products, Qualified Plans, Regulation, Retirement security, SEC

SEC Issues Final Standard of Conduct Rule For Brokers And Advisors Yesterday the SEC released a final standard of conduct rule that establishes a best interest standard of care for broker dealers, clarifies the fiduciary duty for advisors, and creates a standardized disclosure form both brokers and advisors. AALU is currently analyzing the details of…

SEC to Vote / Dem Debate Guide / AALU Action with Schweikert and Schneider / Retirement Bill on the Move

Topics: Advisor standard of conduct, Congress, Regulation, Retirement security, SEC

May 31, 2019 SEC Expected to Finalize Standard of Conduct Rule on June 5 The SEC will hold an open hearing on June 5th, where the Commission is expected to vote to finalize their standard of conduct proposal for broker-dealers and advisors. The SEC initially proposed the rule in April of 2018, and it consists…

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...

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…

Comparing Retirement Income Strategies, SCOTUS Case on State Taxation of Trusts, Section 1035 E

Topics: 401(k), Estate planning, IRS, Qualified Plans, Regulation, Retirement security, Trusts

April 25, 2019 Wealth Transfer U.S. Supreme Court Hears Case on States’ Ability to Tax Trust Income A case with significant implications for States’ ability to tax trust income was before the U.S. Supreme Court on April 16, when oral arguments were heard in the case of North Carolina Department of Revenue v. Kimberly Rice...

COLI/BOLI Alert; Amb Action w/ Rep. Gottheimer (D-NJ); NJ fiduciary proposal; How SECURE Act and RESA could help your business?

Topics: Advisor standard of conduct, COLI/BOLI, Congress, Regulation, Retirement security

April 19, 2019 This Week in Washington COLI/BOLI Alert: Proposed Regulation Responsive to Life Insurance Concerns The Tax Cuts and Jobs Act of 2017 included language that modified the Transfer for Value rules related to certain life insurance contracts by subjecting them to new reportable policy sale requirements. This new provision has a narrow, but…

Retirement bills on the move; Who in Congress worked in Life Insurance; NY Best Interest Rule; Ambassadors in Action; Exec Comp Tax

Topics: Advisor standard of conduct, Congress, IRS, Regulation, Retirement security, Treasury Department

April 5, 2019 Retirement Bills on the Move Late last Friday, Ways and Means Committee Chairman Richie Neal (D-MA), Ranking Member Kevin Brady (R-TX), Rep. Ron Kind (D-WI), and Rep. Mike Kelly (R-PA), introduced the Setting Every Community Up for Retirement Enhancement Act (SECURE Act / H.R. 1994). The SECURE Act builds on legislation AALU…

PODCAST w/ Reed & Gottheimer; SEC Best Interest; EC Spotlight: McHenry; Retirement & Cybersecurity

Topics: Congress, Regulation, Retirement security, SEC Fiduciary

March 15, 2019 A Republican and a Democrat Walk Into a Recording Studio….Part Two “When people come to our offices or send us a note, it makes such a difference.” “Get engaged. Stay engaged.” The value of committed constituent advocates isn’t the only thing these two unusual Members of Congress agree on. Tune into the…