Archive for 'August 2016'

    IRAs and 401(k)s: Rollover Help from the IRS

    September 1, 2016 12:45 PM by Brian Dobbis

    The IRS has announced a new and expedited process that offers relief to taxpayers who have missed the 60-day deadline for rolling over distributions from employer-sponsored plans and IRAs. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    Withdrawals from an employer sponsored plan, such as a 401(k) or an IRA, have typically been subject to income taxes and or penalties if the proceeds are paid directly to the investor. However, the investor traditionally has had 60-days to plow the distributed amount back into an IRA and or workplace retirement plan without being subject to taxes or penalties—until now.  

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    Yellen Tilts Toward Fed Action in December

    August 26, 2016 2:19 PM by Zane Brown

    In her closely watched speech at the U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming, the Fed chair signaled a higher likelihood of a rate hike in December. 

    Media coverage and memories of former U.S. Federal Reserve (Fed) chairman Ben Bernanke’s surprise signaling of the second phase of quantitative easing (QE2) at the 2010 event of the Fed’s annual late-summer symposium at Jackson Hole, Wyoming, kept investors’ attention focused on the opening speech from the current Fed chair, Janet Yellen, for the 2016 gathering. 

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    The Fed Deserves Praise, Not Scorn

    August 26, 2016 1:35 PM by Giulio Martini

    It would be the height of irony if the Fed’s critics succeed in snatching defeat from the jaws of victory.

    In a provocative editorial published in The Wall Street Journal, on August 25, Kevin Warsh, who served (2006–11) on the board of governors of the U.S. Federal Reserve, takes the Fed to task for how it has pursued, since 2008, its policy objectives of 2% inflation and maximum employment. He seems to believe that the Fed is oblivious to forces that are bearing down on it from both Congress and the public that ultimately will threaten its independence unless economic growth accelerates.

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    IRAs versus 401(k)s: More Rules You Should Know

    August 25, 2016 3:05 PM by Brian Dobbis

    Back by popular demand: rule differences we didn’t cover last week.  

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Summer sequels may be standard fare in the movie business, but not so much in retirement planning. So without much further ado, I present a continuation of last week’s blog to cover additional rule differences that separate IRAs from 401(k) plans. 

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    IRAs versus 401(k)s: Key Rule Differences

    August 18, 2016 10:30 AM by Brian Dobbis

    IRAs and 401(k)s both have unique tax benefits, and different rules. Understanding them can help you manage your retirement savings.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    $12.2 trillion! That’s the aggregate amount that Americans have saved in IRAs and 401(k) plans (as of March 2016)—and roughly half of the $24 trillion in qualified assets marked for retirement, according to the Investment Company Institute. Careful comparison between those two savings options can help you choose how best to increase your nest egg.

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    Self-Directed IRAs Explained

    August 11, 2016 11:26 AM by Brian Dobbis

    The rules and process may be quite a maze, but with the right advice, investors can save for retirement with a wide range of alternatives. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    When it comes to building wealth through IRAs, most investors think of widely available vehicles such as a traditional IRA, a Roth, SEP, or SIMPLE. Do-it-yourself investment scenarios involving real estate, to cite one example, might seem too complicated and costly. 

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    Naming IRA Beneficiaries: Don’t Rely on Your Will

    August 4, 2016 4:12 PM by Brian Dobbis

    Failing to name beneficiaries on retirement accounts is one of the biggest mistakes investors can make. Don’t forget that important step in the planning process. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Now that the dog days of August are upon us, it’s a fine time to conduct an informal beneficiary review for all retirement clients. The result of overlooking or neglecting beneficiary planning can be nothing short of ruinous. Broach the topic of beneficiary planning, in case some erroneous assumptions have been made. Too often they have.

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