Looking for another way to boost your IRA business? Allowing successor beneficiaries to maintain an inherited IRA (sometimes called a “beneficiary IRA”) at your organization is an easy way to achieve this goal. What exactly [...]
In late December, President Trump signed into law H.R.1 (now Public Law No. 115-97), which has made the most sweeping changes to the tax code since the Tax Reform Act of 1986. Unlike [...]
Like many Americans, Gavin Smith’s employer is offering only a high deductible health plan (HDHP) next year. Having two active sons and knowing the HDHP has higher out-of-pocket amounts, he is worried about having [...]
The U.S. Senate, by a vote of 51-49, passed its version of the Tax Cuts and Jobs Act that makes sweeping changes to the tax code, including changes to IRAs and other tax-advantaged saving [...]
You rarely hear the term “conduit IRA” anymore. Once a more prevalent common part of retirement savings portability, conduit IRAs have become a retirement savings relic. Increases between IRAs and employer-sponsored retirement plans has mostly [...]
Open enrollment season is here, and with a projected five percent increase in health care costs for 2018, employers are looking to control spending. As a result, employees selecting their benefit plans for 2018 will [...]
As credit unions celebrate International Credit Union Day on October 19, 2017, this year’s theme, “Dreams Thrive Here,” speaks volumes to the relationships that credit unions have with their members. For decades, credit unions [...]
The Department of Labor (DOL) has released its much anticipated proposal to further delay full compliance with the fiduciary rule. The DOL is proposing to delay full implementation of the best interest contract (BIC) exemption [...]
Credit unions entered the health savings account (HSA) market early and have seen successful growth, but the number of credit unions in this business is still low--an estimate of just over 14 percent. With recent [...]
The Patient Protection and Affordable Care Act (also known as Obamacare) remains in place as the law of the land after the Senate rejected a limited Obamacare repeal bill by a vote of 49-51. The [...]
As Congress sets its sights on tax reform, the Congressional Research Service (CRS) has prepared a new report that focuses on worker participation in employer-sponsored retirement plans. The report provides data on the percentage of [...]
“Obamacare is the law of the land” and will remain so “for the foreseeable future,” House Speaker Paul Ryan (R-WI) told reporters after House Republicans canceled a vote on their legislation to repeal and replace [...]
Even as health savings accounts (HSAs) continue to see double digit year-over-year growth, many financial organizations are reluctant to offer or even see the value of offering HSAs. On the surface, it appears that HSAs [...]
National Retirement Planning Week 2017 kicks off April 3, 2017, and with more Americans feeling less confident that they are adequately financially prepared for retirement, credit unions can help members to “rethink retirement”. This can [...]
America Saves Week 2017 kicks off February 27, 2017. With more Americans acknowledging a retirement savings shortfall, credit unions can help members save for retirement by encouraging members to set a goal, make a plan, [...]
