Archive for 'July 2017'

    Will Tax Reform Help the “Gig” Economy?

    July 27, 2017 4:52 PM by Brian Dobbis

    Any freelancer will tell you nothing concentrates the mind like living on the edge. But many remain ill prepared for retirement.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Lost in the debate over healthcare reform is the growing conundrum of retirement planning, especially when it comes to the so-called gig economy—a term that wasn’t even in the lexicon the last time Congress passed major tax reform in 1986.  Sure, globalization, automation, and suboptimal trade policies have cost America millions of jobs. But factor in industry consolidation, financial engineering, and downsizing, and the gig economy now has 40 million part-time, contingent, or freelance workers (or 25% of the labor force), according to the U.S. Bureau of Labor Statistics.

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    Why Trusteed IRAs Are Becoming More Popular

    July 20, 2017 12:30 PM by Brian Dobbis

    If you want to control payouts to your heirs and avoid the time expense of setting up a trust, consider this simpler option.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    When it comes to naming a beneficiary, IRA owners have a lot of discretion on how their nest egg is divided up when they’re gone. The beneficiary can be a person. It can be an estate, charity, or trust, or it can be a combination of those options.

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    Don’t Forget Upcoming ERISA-Filing Deadline

    July 14, 2017 2:20 PM by Brian Dobbis

    Qualified retirement plans on a calendar year must file Form 5500 by July 31, unless an extension is requested. Beware of late-filing penalties.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Every year, qualified retirement plans subject to the Employee Retirement Income Security Act (ERISA) must navigate through countless filing deadlines—and Form 5500, “Series Annual Return/Report of Employee Benefit Plan,” is no exception.  

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    Putting Precious Metals in an IRA

    July 7, 2017 4:40 PM by Brian Dobbis

    More investors have taken a shine to investing in gold and silver in their retirement accounts. But there are a number of potential drawbacks to be aware of.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    During the July 4th weekend, I received an e-mail promoting the purported benefits of investing in precious metals, such as gold and silver. Ads promoting investing in precious metals are fairly common—but this one touted their potential role in an IRA. Without much fanfare, precious metals have become more common investments in tax-advantaged accounts during the last decade. However, this type of investing is not for all investors.

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