Plan sponsors have a clear legal obligation to monitor the quality of investments offered to retirement investors in 401(k) plans. While that part of fiduciaries’ obligations is indisputable, a small body of academic… Continue Reading ‘Set It and Forget It’ Plan Design Could Harm 401(k) Investors
The founders of World Backup Day chose the date March 31 to drive home the message that you should backup your devices before it’s too late–and then you become the April fool.… Continue Reading Advice from the Folks at World Backup Day: Don’t Be an April Fool
Tax-related identity theft happens when a criminal uses your Social Security number to file a tax return claiming a fraudulent refund. You may find out about the fraud when your e-filing… Continue Reading What to Do if You Think You Are a Victim of Tax Identity Theft
House Ways and Means Committee Chairman Richard Neal, D-Mass., continues to press IRS Commissioner Charles Rettig to answer questions about the usability of the new “postcard” size Form 1040 after… Continue Reading Spurned Lawmakers Press IRS Again on Form 1040 Usability Data
The 2019 tax filing season will be very different from recent ones for many taxpayers, and not just because of the 2017 tax cut legislation. The law cut marginal tax… Continue Reading 3 Big Tax Changes to Watch Out for in 2019
While trying to time the market is a flawed and futile exercise, timing the taxation of investments is not. In fact, as an “advisor” (not “adviser”) I would argue this… Continue Reading Sometimes, a 401(k) Loan Could Be a Good Thing
Fidelity Investments’ quarterly data dump arrived last week, featuring loads of information about its retirement-account holders. It was eye-opening, to say the least. Recall last summer when we noted there… Continue Reading 401(k) Millionaires Club Got Smaller Last Year
The Treasury Department and Internal Revenue Service’s recently released tax guidance on qualified business income deductions will help advisors “make better decisions for their clients,” according to Leon LaBrecque, an… Continue Reading IRS, Treasury Clarify QBI Tax Deductions
Most advisors and clients may understand the mechanics and importance of tracking IRA basis, where failing to accurately track the basis of an IRA can result in the funds being… Continue Reading Inherited IRAs and the Double Tax Trap
Many people use the old “Set-it And Forget-it” strategy when it comes to their workplace retirement plan. They fill out a quick questionnaire that tells them which funds to put… Continue Reading Do This With Your 401(k) Right Now
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WOULD YOU KNOW IF SOMEONE WAS OUT THERE PRETENDING TO BE YOU?
