SECURE Act

Gifting Strategies with Doubled Exemptions

Topics: Best interest, Regulation, SEC, SECURE Act

March 12, 2020 Gifting Under the TCJA: Seize the Increased Basic Exclusion Amount In this Tax Adviser piece, Deloitte Tax’s Alex Brosseau discusses strategies to take advantage of the temporarily-doubled estate and gift tax exemptions. He walks through several examples to deliver value for clients—including gifts to grantor trusts and donations to 529 plans. Read...

SECURE Act Expands Opportunities for “Open MEP” 401(k) Plans

Topics: SECURE Act

A “multiple employer plan” (“MEP”) is a retirement plan offered by a single plan provider to the employees of multiple unrelated employers. Before the SECURE Act, MEPs were not broadly available to smaller employers. Recent Department of Labor (“DOL”) proposed regulations would have permitted 401(k) and other defined contribution MEPs to be offered by certain…

The SECURE Act Is Here, Now What Do We Do? 

Topics: SECURE Act

The SECURE Act encourages 401(k) plan sponsors to consider adding lifetime income products, such as annuity contracts, by removing some of the obstacles to those products. The SECURE Act also makes certain 401(k) safe harbor designs potentially more attractive. Small employers may also qualify for increased tax credits for start-up costs related to adopting a…

Legacy and Retirement Planning Considerations After the SECURE Act

Topics: SECURE Act

The SECURE Act brings a number of significant changes to retirement planning, including: (1) instituting a 10-year payout requirement for qualified retirement plans (e.g., traditional IRAs, Roth IRAs, and 401(k) and 403(b) plans) inherited by a non-spouse beneficiary; (2) eliminating the 70 ½ maximum age restriction for contributing to a traditional IRA; (3) increasing the…

Post-SECURE Act Strategies

Topics: SECURE Act

January 16, 2020 IRA Strategy after the SECURE Act This Think Advisor piece discusses key SECURE Act changes that advisors should be aware of to ensure clients are maximizing value in their retirement and estate planning strategies. Read more >> Adjusting to the SECURE Act’s New 10-Year Rule for Stretch IRAs This analysis discusses what...

CEO Thank You Letter on the Passage of the SECURE Act – House

Topics: SECURE Act

January 16, 2020 The Honorable Nancy Pelosi Speaker of the House U.S. House of Representatives H-232, The Capitol Washington, D.C. 205105 The Honorable Kevin McCarthy Minority Leader U.S. House of Representatives H-204, The Capitol Washington, D.C. 20515 Dear Speaker Pelosi and Minority Leader McCarthy, We, the undersigned presidents, chief executive officers and chairs would like…

CEO Thank You Letter on the Passage of the SECURE Act – Senate

Topics: SECURE Act

January 16, 2020 The Honorable Mitch McConnell Majority Leader United States Senate S-230, The Capitol Washington, D.C. 20510 The Honorable Chuck Schumer Democratic Leader United States Senate S-221, The Capitol Washington, D.C. 20510 Dear Majority Leader McConnell and Minority Leader Schumer, We, the undersigned presidents, chief executive officers and chairs would like to thank you…

SECURE Act Planning Opportunities & More

Topics: SECURE Act

January 2, 2020 REMINDER: The SECURE Act passed in December; Read About the Changes Coming Read about changes brought about by the SECURE Act in this article by AALU counsel, Troutman Sanders. Look for upcoming WR Marketplace analysis with more in-depth coverage of planning opportunities under the SECURE Act. How the SECURE Act Impacts Wealth…