Entries by Brian Dobbis

    IRA Tips Topped This Year’s Favorite Blog Posts

    December 8, 2016 4:34 PM by Brian Dobbis

    Recapping our most popular retirement posts of 2016

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    As the year 2016 winds down, I am once again thankful to all the readers who have made “The Road to Retirement” a weekly read in such an over-communicated environment. I look forward to offering you more content in 2017. 

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    Catching Up on 403(b) Catch-up Provisions

    December 1, 2016 9:31 AM by Brian Dobbis

    How much can one defer into a 403(b)? More than you might think.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    How much can a participant defer into his or her 403(b) account this year? It depends! 403(b)s are unique, in that they allow a special catch-up amount in addition to the $18,000 deferral and the $6,500 age-50 catch-up.   Unknown to many is the fact that certain 403(b) plans offer an additional contribution option known as the “15 years of service” catch-up.  This provision gives late starters to saving for retirement a quick way to boost their 403(b) savings rate.

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    Understanding Eligible Rollover Distributions

    November 17, 2016 3:48 PM by Brian Dobbis

    The law has some peculiar loops and twists.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    A rule of thumb for retirement investors says to roll over employer plan assets, such as a 401(k), 403(b), or governmental 457, to an IRA to continue the deferral of taxation. Most of the time, this advice is well founded. But an investor may roll over only an eligible rollover distribution (ERD).  

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    Aftertax 401(k) Rollover Opportunities

    November 10, 2016 11:15 AM by Brian Dobbis

    Much needed guidance on aftertax 401(k) contributions and subsequent distributions, which have been a source of confusion. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Do your clients have aftertax dollars in their 401(k)s or similar employer plans?  While many advisors are familiar with the rules that apply to pretax and or designated Roth 401(k) contributions and distributions, they are not as familiar with the unique planning opportunities that aftertax dollars offer plan participants.

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    2017 Retirement Plan Contributions and Income Limits

    November 4, 2016 12:05 PM by Brian Dobbis

    Amid negligible inflation, there was no increase in the cost-of-living index, but there were a few changes.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    On October 27, the IRS released the 2017 income and contribution limits for qualified plans and IRAs. As expected, most of the key limits remain flat from 2016, because the cost-of-living index did not rise sufficiently to trigger an increase. In fact, 2017 will mark the third consecutive year the 401(k) deferral limit has held steady at $18,000, and after five years, the IRA limit remains at $5,500, due to low inflation. 

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    Halloween Tip: Light Up Your IRA Checklist

    October 28, 2016 9:17 AM by Brian Dobbis

    Now that year-end is approaching, be sure to review important deadlines and retirement plans before the holidays set in.  

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    Once you get past all the trick-or-treaters on Halloween, why not get a jump on year-end retirement planning before hectic holiday schedules keep you awake at night. Consider these important questions:

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    Deducting a Loss in an IRA

    October 21, 2016 9:50 AM by Brian Dobbis

    The requirements may be confusing, so here’s a road map.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    All investors hope their IRA investments will produce positive gains, thus offering a retiree a comfortable nest egg; but as we are all aware, investments may decrease in value at times. Can an IRA account owner deduct a loss in their traditional or Roth IRA the same way they can with losses in nonretirement accounts? Absolutely. However, a number of requirements must have been satisfied.

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    The Maze of Inheriting Multiple Retirement Accounts

    October 14, 2016 9:15 AM by Brian Dobbis

    Managing all the retirement plans accumulated during a career can be complicated, especially if they’re inherited from the same person.  

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    According to the Bureau of Labor Statistics, the average American worker holds 10 different jobs before age 40, and the number is projected to grow. Keeping track of all the retirement accounts (e.g., 401(k), 403(b), 457, etc.) accumulated through one’s career can be quite a challenge.

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    Why Nest Eggs Inherited by an Estate Can Be a Yoke

    October 7, 2016 9:38 AM by Brian Dobbis

    What happens when an investor dies and leaves his or her estate as an IRA beneficiary?

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    Naming an IRA beneficiary is one of the most important administrative tasks a retirement investor must complete. After all, the individuals(s) named on the beneficiary form will inherit your nest egg. Your will, surprisingly, is irrelevant in such matters. But mistakes do happen.

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    Oktoberfest for IRA Planning? Important Deadlines Ahead

    September 30, 2016 12:08 PM by Brian Dobbis

    Mark your calendars to maximize retirement savings opportunities.  

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    With October almost here, it’s hard not to view it as the true heart of autumn: crisp days, cool nights, brilliant sunshine, fiery foliage, festive football, and haunted Halloween. But there also are a number of important IRA deadlines that occur throughout the month.

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