IRS Reminds Taxpayers of Recent Changes to Retirement Plans
WASHINGTON, D.C. — The Internal Revenue Service is reminding taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts.
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Get Credit for IRA Contributions Made by April 15 on 2020 Tax Returns
WASHINGTON, D.C. — The Internal Revenue Service announced that taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions to their Individual …
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Vanguard Broadens Access to Low-Cost Institutional Target-Date Funds
VALLEY FORGE, PA — Vanguard is continuing to lower the cost of investing by broadening access to Vanguard Institutional Target Retirement Funds (TRFs). Effective immediately, the plan-level minimum investment requirement …
Read More Vanguard Broadens Access to Low-Cost Institutional Target-Date Funds
VALLEY FORGE, PA — Vanguard is continuing to lower the cost of investing by broadening access to Vanguard Institutional Target Retirement Funds (TRFs). Effective immediately, the plan-level minimum investment requirement …
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Income Ranges for Determining IRA Eligibility Change for 2021
WASHINGTON, D.C. — The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021 in Notice 2020-79, posted this week …
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FIDx Announces the Launch of FIDx Protection Intelligence to Radically Expand Annuity Distribution
BERWYN, PA — FIDx, a product-agnostic platform that connects annuities with wealth management platforms and other solution providers, announced the launch of its proprietary platform, FIDx Protection Intelligence. The launch …
Read MoreIRS Provides Final Regulations on Income Tax Withholding on Certain Periodic Retirement and Annuity Payments
WASHINGTON, D.C. — The U.S. Department of the Treasury and the Internal Revenue Service this week issued final regulation updating the federal income tax withholding rules for certain periodic retirement …
Read More IRS: Deadline to Return Distributions to Retirement Accounts Is Aug. 31
WASHINGTON, D.C. — The Internal Revenue Service is reminding IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until …
Read MoreNew Law Provides Relief for Eligible Taxpayers Who Need Funds from IRAs and Other Retirement Plans
WASHINGTON, D.C. — The Internal Revenue Service is providing a reminder that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable …
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IRS: Seniors, Retirees Not Required to Take Distributions from Retirement Accounts this Year
WASHINGTON, D.C. — The Internal Revenue Service is reminding seniors and retirees that they are not required to take money out of their IRAs and workplace retirement plans this year.
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