Retirement planning

Members of Generation Y are managing to save for retirement more conscientiously than Boomers, according to a new survey.

The Internal Revenue Service has made several important changes to its determination letter program for employee retirement plans.

A new survey finds that 77 percent of business owners say they started their companies to provide for their families, yet less than half of them feel confident with their current financial situation.

IMGCAP(1)]The Financial Accounting Standards Board recently approved a revised accounting standard that requires contributing nongovernmental employers to provide more information about their financial obligations to multiemployer pension plans.

Three-quarters of small business owners believe that so many Americans are financially unprepared for retirement that the problem has reached the level of a crisis, but only about a fifth of them actually offer their employees a 401(k) or similar plan, according to a new survey.

People who work in higher education tend to be conservative with their retirement planning investment strategies, whether they are young or old, according to a new survey.

The Tax & Accounting business of Thomson Reuters has inked a deal with Thompson Hine LLP to provide clients with custom retirement plans that meet IRS requirements.

IMGCAP(1)]I propose a six-point plan to improve the U.S. economy:

ADP has released an updated and expanded version of RUN Powered by ADP Payroll for Accountants, an Internet-based offering designed to help accountants manage their clients’ payroll all in one place, which includes human resources and retirement services features.

The Internal Revenue Service has issued a notice exempting enrolled retirement plan agents from obtaining a Preparer Tax Identification Number if they only prepare Form 5300 and 5500 series returns.

FASB ISSUES MULTI-EMPLOYER PENSION PLAN STANDARD

LABOR DEPARTMENT DELAYS FIDUCIARY RULE CHANGE

The Internal Revenue Service has increased the maximum pre-tax contribution limit for 401(k) and 403(b) retirement plans, most 457 plans, and the federal government’s Thrift Savings Plan by $500, from $16,500 to $17,000, as a result of cost-of-living adjustments.

This week is National Save for Retirement Week, and a variety of financial planning groups are promoting that fact to attract clients.

In order to help financial advisors face the challenges of serving the growing elder market, the Insured Retirement Institute released the report “Retirement Planning and the Elder Market: Advisor Strategies to Understand and Work with Senior Clients.”

A majority of married couples in their 60s lack the knowledge about how to maximize their Social Security benefits and whether or not to expect Social Security advice from a financial planner.

FAMILIES CHANGE HOW THEY PAY FOR COLLEGE

IMGCAP(1)]In the current business and economic climate, the value of being a pro-active tax and financial advisor for your business owner clients cannot be understated.

While half of all individuals with at least $500,000 in investable assets are women, just 34 percent expressed confidence they would have enough money to live comfortably in retirement, while fully half feel they need assistance in managing their finances.

A majority of Americans believe that retirement planning is easier for unmarried people, according to a new survey, but those perceptions are probably wrong.