IRS opens the door for a student loan benefit tied to 401(k)s

The ruling provides guidance for employers looking for ways to offer a student loan repayment benefit as part of their retirement plan

Jon VoglerTime to read: 2 min

On Aug. 17, 2018, the Internal Revenue Service (IRS) announced a decision that allows an employer to offer a student loan repayment benefit as an element of its retirement plan — a change that could help clear the way for other employers to offer similar benefits.

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Saving for college? Break these three bad habits.

It’s National College Savings Month — and there’s no better time to make sure your savings strategy is on track

Time to read: 2 min

Parents — your kids may have headed back to school, but before you know it, they’ll be heading off to college. Fittingly, September is National College Savings Month, so let’s talk strategy.

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President’s executive order addresses retirement policy

The order directs the government to review the rules around required minimum distributions and issue regulations that promote multiple employer plans

Jon Vogler

Time to read: 2 min

On Aug. 31, President Donald Trump signed an executive order directing the Departments of Labor and Treasury to consider changes that would make it easier for businesses to join together to participate in multiple employer plans (MEPs).

MEPs allow groups of small employers to pool workers into one 401(k) plan, helping them to achieve economies of scale on investment, record keeping and administration costs. They also relieve employers of reporting requirements to the Department of Labor (DOL) and allow MEP providers to share employers’ fiduciary requirements under the Employee Retirement Income Security Act of 1974 (ERISA).

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Retirement changes featured in ‘Tax Reform 2.0’ overview

Proposals call for Universal Savings Accounts, 529 account expansion and provisions for families with new children

Jon VoglerTime to read: 2 min

On July 24, House Republicans unveiled a broad framework for their next phase of tax code changes, building on the tax cuts enacted last year as part of the Tax Cuts and Jobs Act. The two-page outline for this “Tax Reform 2.0” package proposes to (a) make the middle class and small business tax cuts permanent, (b) promote family savings, and (c) spur new business innovation by allowing new businesses to write off a larger share of startup costs.

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A flurry of bipartisan retirement bills introduced in Senate

All are intended to improve retirement security

Jon VoglerTime to read: 3 min

On July 17, two Republican and two Democratic senators joined forces to introduce a package of four bills that are intended to improve retirement security by expanding and enhancing workplace retirement plans.

As introduced, the bills would:

  • Make it easier for small employers to join multiple employer plans (MEPs).
  • Provide employer incentives for plans to use automatic enrollment and automatic escalation features.
  • Allow employers to create “emergency savings accounts” to help employees with financial emergencies.
  • Allow tax filers to automatically defer part of their tax refunds through a direct credit into a “rainy day fund.”
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This back-to-school season, find your balance with a 529 plan

With another school year approaching, now is the perfect time for some back-to-school resolutions

Time to read: 2 min

I’ve always been a huge fan of resolutions — and not just on Jan. 1. When our children were growing up, my wife and I used the beginning of each new school year to make some resolutions of our own. We’d swear not to lose the permission slips for field trips, we promised that we would check homework every night and we committed to adding uplifting notes to our kids’ lunchboxes every morning. Here are three additional back-to-school resolutions that helped my family during those busy school years:

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