DOL Final Rule on Association Retirement Plans (ARPs) Benefiting Small and Mid-size Businesses

According to a 2018 study by the U.S. Bureau of Labor Statistics, “approximately 38 million private-sector employees in the United States do not have access to a retirement savings plan through their employers.” On July 29, 2019, the U.S. Department of Labor announced a new rule that allows small and mid-size businesses to gain access[ … ]

Taking distributions from your traditional IRA

If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a SEP-IRA). It’s even more critical to carefully plan for withdrawals from these retirement-savings vehicles. Knowing the fine points of the IRA distribution rules can make a significant difference in how much you and your family[ … ]

You may be able to save more for retirement in 2019

Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500) Contributions to defined contribution plans: $56,000 (up from $55,000) Contributions to SIMPLEs: $13,000 (up from $12,500) Contributions to IRAs:[ … ]