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IRS Announced the 2024 plan limits

Inflation is affecting retirement plan limits again. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the Thrift Savings Plan for federal employees, up from $22,500 in 2023/ The catch-up contribution ...

Creative Planning buys Mesirow team

Registered investment advisor (RIA) Creative Planning announced the purchase of Mesirow’s corporate retirement advisory services team. Mesirow services over 350 retirement plans, representing approximately $13 billion in assets under advisement and manag...

DOL proposed new fiduciary rule

The Department of Labor proposed a new fiduciary rule. The proposed rule would end the tradition...

Bitcoin will be visited again

Despite my concerns about allowing crypto options in 401(k) plans, that issue will be back for us. ...

United sues advisory firm for SBDA loan scheme

United Airlines has filed a lawsuit over an alleged scheme with an advisory firm and a scheme to ge...

The Rollover problem

When a friend or family member asks for advice upon leaving a job, I always tell them to rollover t...

Best interest should cover IRAs

I always believed that former employees were better off rolling out their 401(k) money into a rollo...

The new rule and timing

Timing is everything and a new proposed fiduciary rule has bad timing. While I support changes to t...

A Federal plan is no threat to private 401(k) plans

I understand why people in the industry would have issues with the proposed legislation, known as â...

The forfeiture provision

Again, litigators are trying to create class action lawsuits against large plans. This time, I thin...