Entries filed under 'Retirement'

    IRA Funding: What Kind of Earnings Are—and Aren’t—Allowed?

    January 12, 2017 1:20 PM by Brian Dobbis

    Before making an IRA contribution, make sure you understand what the IRS allows as "taxable compensation."  

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    With the IRS cracking down on IRA mistakes, what seems straightforward may veer into uncharted territory. That’s why I am often asked what is considered compensation or “earned income” for the purpose of making a contribution to a traditional or Roth IRA. 

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    2017: Watch Out for New IRA Policies

    January 5, 2017 1:50 PM by Brian Dobbis

    Changes to "stretch" IRAs under a Trump administration could have significant tax implications for some retirement accounts. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    For all the political uncertainty surrounding federal spending and tax proposals, one thing appears certain: the money for ambitious fiscal policies will have to come from somewhere, and there is increasing concern that retirees might bear some of the cost.

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    Avoiding Retirement Account Mistakes

    December 22, 2016 3:40 PM by Brian Dobbis

    The good news is that the IRS corrects some mistakes. The bad news is that some mistakes can’t be fixed—and that can be costly. 

    Mistakes happen—something we all know too well. So, for example, have you or a client encountered a compliance issue with a retirement account, such as a qualified plan and/or IRA? My assumption is the answer is a resounding yes!

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    Catching a Wave of Year-End Roth IRA Questions

    December 15, 2016 2:45 PM by Brian Dobbis

    Here are answers to a few frequently asked questions from financial advisors about retirement rules and strategies

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Many readers of this weekly blog contact me directly with questions, suggestions and ideas. I’m on the road 70% of the time, and I speak at 100 meetings a year and meet thousands of financial advisors (FAs), all in addition to writing this weekly blog, participating in periodic webinars, and giving internal presentations. So many questions arise during these events that I’ve decided to address frequently asked questions on a regular basis. This week I'm going to give you a glimpse into my e-mail inbox. Here are some recent inquiries that might be of interest:

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    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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