Top of Mind


11

Jan 2018

What Was NOT Passed As Part of the Tax Reform Legislation

The Tax Cuts and Jobs Act that was passed at year-end contained relatively few retirement plan-related provisions. However, likely due to the many retirement-related provisions that were discussed and/or included in the underlying Senate and House bills, rumors persist that the legislation dramatica…

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04

Jan 2018

Lesser-Known Tax Reform Provisions That May Affect Retirement Plan Sponsors

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, the most comprehensive reform of the Tax Code in over 30 years. While there are few provisions that directly affect retirement plans (see our recent Compliance Alert for more details), there are a few lesser-known provi…

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21

Dec 2017

My Letter to Santa, 2017 Edition

Dear Santa: Last year, in anticipation of my official designation as a member of your Nice List, I made a number of requests, or “wishes,” as you refer to them, on behalf of the retirement plan community.  I was surprised and extremely grateful for your thoughtful response, especially given …

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14

Dec 2017

The Senate Tax Bill and Last-Minute Controversy Over - 403(b)?

On December 1st, I was eagerly awaiting the vote on the Senate Tax Reform bill, which, as indicated in our recent article on the subject, contained provisions that would have eliminated most of the special contribution limits that apply to 403(b) plans.  My wait ended up being quite long, as th…

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07

Dec 2017

My Favorite Twitter Feeds

Regular readers of this blog know that I am an active Twitter user, and, since starting to tweet in March, I have amassed a fairly decent following by sharing our home-grown content, as well as the best content from other retirement-related Twitter feeds. But who do I follow?  Well, pretty m…

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30

Nov 2017

Proprietary Funds: The New Lightning Rod for 403(b) Plans?

In the world of 403(b), variable annuities have been a lightning rod for criticism by anyone paying attention.  And, for good reason, with the caveat that there are some variable annuities offered by low-cost providers that shouldn’t be lumped in with the rest. However, in the large 403(b) p…

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22

Nov 2017

Retirement Plan Tax Changes: Was I Psychic?

In a recent blog entry on tax reform, I proposed some changes to retirement plan law that could help raise revenue. Now, when I wrote those suggestions, I was fairly confident that neither the House nor the Senate proposal would incorporate any of them. However, either by coincidence, psychic pow…

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16

Nov 2017

Some "Top of Mind" Thoughts on the Tax Reform Proposals

On November 2, 2017, the House released its version of a tax reform proposal, the Tax Cuts and Jobs Act. On November 9th, the Senate issued its markup of the Act, which was substantially different from the House version, particularly with respect to retirement plan changes. The next step will likely…

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09

Nov 2017

Tax Reform: The Retirement Plan Tax Changes that I Would Recommend

Last week, the House introduced the much-anticipated Tax Cuts and Jobs Act.  Those who work closely with retirement plans, including retirement plan sponsors and advisors like myself, have been waiting with bated breath to see how the House suggests raising revenue to pay for income tax cuts - …

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02

Nov 2017

Confessions of a Non-Saver

At the risk of offending some of my audience, I have a bit of a secret to reveal: I am a non-saver by nature. Yes, you read that correctly - I am a non-saver. I know what you’re saying: “He works in the Retirement Plan Industry! How in the world is he not a saver? Is he just not very bright?” …

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