Retirement Savings… Are You on Track?
By Mack Bekeza Retirement savings… that thing you are supposed to live off of when you no longer want to work. Although people seem to talk about it frequently, most people do not realize how important it is to actually save for retirement. In fact, there are numerous statistics that show how little people save […]
The DOL Rule and Why Brokers and Insurance Agents Should be Concerned
By Mack Bekeza Are you currently a Registered Representative or an Insurance agent? If so, you will want to keep reading! As you may know, the Department of Labor will have new regulations in effect on April 10, 2017, which will change how Brokers and Insurance agents conduct business with retirement investors. For starters, when […]
In-plan Roth Rollovers: the latest topic
Get out your red pen, folks: serious revisions to the rollover options for your plan. Today we’re looking at how you will need to revise your Plan Document in order to offer in-plan Roth rollovers and a few highlights. In-plan Roth rollovers of otherwise non-distributable amounts are treated as eligible rollovers, meaning that no withholding […]
Save Up to Break Stuff: Retirement Saving Should Not be Taken Lightly
By: Katherine Brown, Research Associate, Castle Rock Investment Company My grandmother loved to drive. After they took away her license, she enthusiastically offered the use of her 1989 Crown Victoria to anyone who was visiting her, whether they had a car of their own or not. She also purchased a motorized scooter to get around […]
In-Plan Rollovers to Roth
On Monday, September 27th, 2010, the President signed into law the Small Business Jobs Act of 2010, which permits employers to amend their 401(k) plans to allow participants to transfer an “eligible rollover distribution” (ERD) into their designated Roth account. For 2010 only, if a participant rolls over an ERD into a designated Roth account in […]