IRA to IRA Rollovers Pose Legal Vulnerability for Retirement Security Rule
Legal experts with varying perspectives on the rule agree that DOL likely does not have jurisdiction over IRA to IRA...
Tag: IRA
IRS Extends Relief on Inherited IRA 10-Year Rule Enforcement
The IRS notice said 2024 will likely be the last year for the relief.
Detailing the DOL’s Auto-Portability Proposal
Its goal is to help missing participants consolidate their retirement assets in a tax-advantaged workplace plan.
Product & Services Launches – 1/4/23
PGIM launches 2 buffer ETF series; Federated Hermes launches total return bond ETF; and SoFi offers 2% match on IRA...
SEC Suggests Retirement Assets Should Not Count Toward Accredited Investor Threshold
The regulator’s report on the accredited investor definition noted that many only qualify because of their DC plan assets.
OMB Begins Holding Stakeholder Meetings for New Fiduciary Rule
The proposal will likely address compensation structures and IRA rollovers, though no draft is available yet.
DOL Sends New Adviser Fiduciary Rule to OMB for Review
The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.
Robinhood IRA Nears $1B, Planning Further Retirement Push
The stock trading platform’s IRA with 1% match nears milestone after less than one year while CEO announces 3% IRA...
Great Resignation Drives 20% Jump in Forgotten 401(k) Accounts
The left-behind 401(k) accounts are estimated to hold about $1.65 trillion in assets, as of May.
IRS Provides Interim Guidance for EPCRS Changes
SECURE 2.0 laid out changes to IRS correction programs, but the May guidance clarifies how they will operate until the...
Retirement Clearinghouse Issues Alert of IRA Data Breach
Firm alerts more than 10,000 people to watch out for identify theft after Social Security and IRA numbers may have...
Betterment Pays SEC $9M for Misstatements Regarding Tax Loss Harvesting
The digital advice and IRA provider agreed to pay the fines without admitting or denying wrongdoing.
Millennium Trust Will Add Auto-Portability to IRA Rollover This Year
The new functionality is intended to reduce retirement savings leakage and expand access to savings options.
Fidelity: Gen Z Savers Pour Into IRAs
For all age groups, however, average 401(k) balances were down 23% in 2022 due to declines in both stocks and...
Advisory M&A
Sequoia acquires Zeke Capital Advisors; iTrustCapital integrates with Fortress Trust; Hightower invests in Bickling Financial Services; and more.
Bridging the Racial Retirement Gap: A Conversation With Spencer Williams
The CEO and president of the Retirement Clearinghouse talks about his decades-long project with Bob Johnson to implement 401(k) auto-portability.
Will RMD Age Increases Cause ‘Abandoned’ Property Problems?
SECURE 2.0 increased the RMD age to 73 and will increase it again to 75 in 2033. Some states’ laws...
Half of 1M Robinhood IRA Savers Pick In-App Investment Recommendation
Online stock brokerage Robinhood said nearly 75% of more than 1 million users for its new IRA offering chose a...
Stock-Trading Platform Robinhood Launches IRA with 1% Match
Robinhood, which came to fame during the pandemic stock-trading boom, enters the retirement space via an IRA with an automatic...
IRS Reveals 2023 Contribution Caps for 401(k) and IRAs
The contribution limit changes reflect cost of living changes from this year.