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IRS Announces Benefit Plan Limitations for 2021
Posted by Bernard Kaplan on Thu, Oct 29, 2020 @ 02:37 PM

The IRS has announced the 2021 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items. Most dollar limits remain unchanged for 2021.

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Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), cost-of-living, 457 plan, 2021 retirement plan limitations

Will Retirement Plan Relief Be Part of the Coronavirus Response Effort?
Posted by Bernard Kaplan on Wed, Mar 25, 2020 @ 11:21 AM

As Congress looks for ways to help businesses and individuals with the financial repercussions from the COVID-19 virus, the American Retirement Association (ARA) is pushing for a solution that involves relief from certain plan provisions.

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Topics: retirement plans, Bernard Kaplan, 401(k), the SECURE Act, retirement planning, COVID19, Coronavirus, Families First Coronavirus Response Act, COVID-19

Understanding How the SECURE Act will Impact Retirement Plans and Individuals
Posted by Bernard Kaplan on Tue, Feb 4, 2020 @ 12:06 PM

While changes made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act) are important, we expect considerable relaxation of the laws related to retirement plans once legislation is passed. We will keep you informed as we learn more. Recently, Congress passed SECURE Act) This Act makes a number of changes that impact retirement plans, IRAs, and individual retirement and estate planning strategies. The following highlights many of the provisions of the SECURE Act.

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Topics: retirement plans, Bernard Kaplan, 401(k), Required Minimum Distribution (RMD), defined contribution plans, the SECURE Act, retirement planning

IRS Announces Changes in Benefit Plan Limitations for 2020
Posted by Bernard Kaplan on Fri, Nov 8, 2019 @ 04:22 PM

The IRS has announced the 2020 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.

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Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), cost-of-living, 457 plan, 2020 Benefit Plan Limitations

IRS Announces Changes in Benefit Plan Limitations for 2019
Posted by Bernard Kaplan on Thu, Nov 1, 2018 @ 06:36 PM

The IRS has announced the 2019 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.

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Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), cost-of-living, 457 plan, 2019 Benefit Plan Limitations

IRS Announces Changes in Benefit Plan Limitations for 2018
Posted by Bernard Kaplan on Thu, Oct 19, 2017 @ 03:10 PM

Minimal Changes in Dollar Limitations on Benefits and Contributions for Retirement Plans Announced for 2018

The IRS has announced the 2018 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.

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Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), 2018 Benefit Plan Limitations, cost-of-living, 457 plan

Form 5500 Proposed Updates Indicate DOL Points of Interest
Posted by Bernard Kaplan on Mon, Mar 27, 2017 @ 11:30 AM

The Department of Labor (DOL), Internal Revenue Service and Pension Guarantee Corporation recently released proposed changes to Form 5500. The proposed changes are significant and will require more detailed information in order to demonstrate compliance with the Employee Retirement Income Security Act of 1974 (ERISA). If approved, the revised requirements would affect plan reporting beginning in 2019.

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Topics: retirement plans, IRS, Bernard Kaplan, Department of Labor, DOL, Form 5500, ERISA, Internal Revenue Service, Form 5500-SF

IRS Announces No Change in Benefit Plan Limitations for 2017
Posted by Bernard Kaplan on Fri, Oct 28, 2016 @ 05:20 PM

Minimal Changes in Dollar Limitations on Benefits and Contributions for Retirement Plans Announced for 2017

On October 27, 2016, the IRS announced the 2017 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.

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Topics: Bernard Kaplan, 2017 Benefit Plan Limitations

Risky Investments: Retirement Plans, IRAs and Master Limited Partnerships
Posted by Bernard Kaplan on Wed, Jun 15, 2016 @ 10:38 AM

One of the basic concepts of saving for retirement via a retirement plan or Individual Retirement Account (IRA) is that earnings grow tax deferred until withdrawn.  There are certain investments such as Master Limited Partnerships (MLPs) that could result in current income taxation despite being held as an investment within a retirement plan or IRA.  Careful consideration should be taken before investing in an MLP within a retirement plan or IRA.

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Topics: retirement plans, Retirement Plan Investments, Bernard Kaplan, IRA, Master Limited Partnership, MLP

ALERT: IRS Announces No Change in Benefit Plan Limitations for 2016
Posted by Bernard Kaplan on Thu, Oct 22, 2015 @ 11:05 AM

Dollar Limitations on Benefits and Contributions for Retirement Plans Have Not Increased for 2016

On October 21, 2015, the IRS announced the 2016 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.

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Topics: Bernard Kaplan, 2016 Benefit Plan Limitations

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