Entries by Brian Dobbis

    Unwinding Excess IRA Contributions

    September 23, 2016 11:40 AM by Brian Dobbis

    Reversing overflows can be complex, but in a pinch, mind these steps before the October 15th deadline.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    This week, I received a number of inquiries from advisors whose clients had overfunded their 2015 IRA contributions—a common error, especially with Roth IRAs.  

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    SIMPLE IRA Rules of the Road

    September 15, 2016 12:58 PM by Brian Dobbis

    While SIMPLE IRAs have come a long way in 20 years, the rules may sound complex at times. Here’s a refresher on salient guidelines. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    Are you ready for some SIMPLE advice? I’m talking about the acronym for the Savings Incentive Match Plan for Employees (SIMPLE), which turns 20 this year. And I keep getting questions on the road that make SIMPLE IRA plans sound more complex than they really are.

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    State-Run Retirement Plans: Now in Three Flavors

    September 8, 2016 4:30 PM by Brian Dobbis

    The Department of Labor recently clarified when a state-run plan would not be covered by ERISA. Whether they catch on and can compete with far more popular offerings remains to be seen.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Over the past few years, a number of state legislatures have moved to create a state-based retirement plan offering to those private-sector workers whose employer does not offer a retirement plan. The states have taken things into their own hands primarily because the number of workers without access to a retirement plan continues to increase and also owing to more than a decade of inaction by Congress to create a federal auto-enrollment IRA program.

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    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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    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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    Tips for Roth IRA Heirs

    July 29, 2016 3:09 PM by Brian Dobbis

    Anyone who has inherited a Roth IRA probably has many questions. Here are some answers. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    No matter where in the country I give presentations to financial advisors, there always seem to be questions about the vicissitudes and attitudes toward inheriting Roth IRAs. 

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    Explore the HSA by Rolling Over Your Retirement Savings

    July 22, 2016 3:18 PM by Brian Dobbis

    Have you taken full advantage of health savings accounts (HSAs)? The tax savings can help defray the cost of living and getting sick.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Now that it’s political convention season, imagine for a moment a crowd chanting, “HSA…HSA…HSA!” Far-fetched as that might sound, health savings accounts (HSAs) have gained widespread support since they were created in 2003 as part of the Medicare Modernization Act.

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