How much is enough for a comfortable retirement? It’s a vexing question, particularly now that the vast baby boomer cohort is beginning to realize that they could live well into their 80s, 90s and even past 100.
The Internal Revenue Code and regulations allow a beneficiary of a pension plan to stretch out required minimum distributions (RMDs) over her life expectancy. This is an important tax benefit, because the beneficiary is taxed only on payments as...
If you’re thinking of recommending a target-date fund to an individual or small-business client, or if any of your clients already own one—and considering their burgeoning popularity, they probably do—you better take a good, long...
Back in the day, being an institutional consultant was cool. Retail advisor? Ha, that was crawling on your belly. Well, today, the institutional pension plan is essentially dead (or, put another way, no business is going to go out and create a new...
Clients are bombarding you with cost-basis questions. There's a steady stream of new directives from It's becoming impossible to find a couple hours a day to figure out the office's NCAA pool. But it might behoove you to put down the brackets and...
Want to goose your revenues? Of course you do. But how? For an increasing number of advisors, one solution is targeting small companies' 401(k) plans. There are a host of services you can provide, anything from setting up the plan and choosing the...
Christopher R. Hoyt, professor of law at the University of Missouri-Kansas City Law School, and Bruce D. Steiner, attorney in the New York office of Kleinberg, Kaplan, Wolff & Cohen, P.C., give us this lowdown on Notice 2007-5, 2007-5 IRB 1. With...
Carolyn DeVore of Pullman & Comley, LLC, in Westport, Conn., reports: The United States and France ratified significant protocols to their income tax and estate tax treaties on Dec. 21, 2006. The income tax protocol allows a U.S. citizen working...
For those of us interested in retirement benefits and who isn't? there was a lot of change in 2006, including the enactment of the Tax Increase Prevention and Reconciliation Act (TIPRA) and the Pension Protection Act (PPA); the issuance of a key...
