ABA seeks clarity in rollover Trump account contributions
ABA urged the IRS to clarify how and when a $1,000 pilot contribution to a Trump account can be made ...
Tag: Retirement issues
Proposed rule would facilitate 401(k) plan investments in private equity, crypto
The Labor Department is proposing to allow 401(k) plan managers to rely on a new rule that provides a safe ...
IRS proposes regulations to implement Trump Accounts
The IRS issued proposed regulations for opening “Trump Accounts” for children and regarding a pilot program for contributing to the ...
Celebrity life insurance lawsuit spotlights sales practices
NASCAR Champion Kyle Busch’s lawsuit against Pacific Life Insurance Company for $8.6 million in damages puts a spotlight on certain ...
Labor Department rescinds guidance on alternative assets in 401(k) plans
The Labor Department rescinded a 2021 supplemental statement that discouraged fiduciaries from considering alternative assets in 401(k) retirement plan investment ...
FTC: Scammers increasingly targeting retirees
The Federal Trade Commission has seen a recent surge in reports of scammers pretending to be banks and other trusted ...
Trump directs agencies to explore opening 401(k) plans to crypto, alternative assets
President Trump issued an executive order directing Secretary of Labor Lori Chavez-DeRemer to explore allowing the use of cryptocurrency and ...
ABA asks IRS to delay new reporting requirement
ABA submitted a comment letter to the IRS requesting that the agency delay by 12 months the effective date of ...
Labor Department rescinds guidance on crypto and 401(k)s
The Labor Department rescinded a 2022 compliance release that directed fiduciaries to exercise “extreme care” before adding a cryptocurrency option ...
Survey: Investors don’t feel prepared for generational wealth transfer
Nearly two-thirds of survey respondents perceive preparedness for estate transitions to the next generation as very important, while only 28% ...
