On August 3, 2020, the IRS released its Coronavirus-related relief for retirement plans and IRAs questions and answers which can be found at ir.gov/newsroom/coronavirus-related-relief.

A recent court case, decided June 1, 2020, is interesting in protecting 401(k) deferrals in bankruptcy. If a 401(k) Plan is available to an employee and the employee has been making deferrals, those deferrals are not considered “disposable income” for bankruptcy purposes.

How the Tax Code Helps Low- and Moderate-Income Clients Many financial planners focus on assisting high-net-worth clients. However, it can be reasonably argued that those in the lower- and moderate-income groups may need the most support with financial matters. In light of the recent pandemic-induced economic turmoil that squeezed the livelihood of many Americans, it […]

Jason Cutter | CEO/Founder, Cutter Consulting Group While there are a million different ways to sell, there are some basic, fundamental go-to parts of every successful sales process. These must be done every time but will vary in energy required based on the product, service, and personality of the salesperson. We start off Fundamentals Week […]

Mike McGlothlin, ChFC®, CLU®, CFP® I learned a lot as a student basketball manager under the legendary coach Bob Knight. And one lesson that I really took to heart came from a sign posted in the locker room. It was straightforward and simple, and something we can all benefit from. The sign was hung right […]

I’m hearing more and more about cryptocurrency or Bitoin (Ethereum; XRP; Tether) and we now have the first Bitcoin 401(k) Plan (launched in May by Bitwage a payroll and invoicing service company).

The Friday after Labor Day, the anniversary of ERISA’s signing, is earmarked by the Plan Sponsor Council of America (PSCA) as 401(k) Day. What a better time to reach out to Plan Sponsors to speak about the importance of properly naming a beneficiary.

The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until Aug. 31 to rollover or repay the distribution to avoid paying taxes.