Retirement planning

The Internal Revenue Service has published guidance relating to rollovers from 401(k) plans to designated Roth accounts in the same plan.

Sage North America has partnered with Plan Administrators, Inc. to create Retirement Services for Sage Customers, offering 401(k) plans to Sage Peachtree customers and other small businesses in the market for an employee savings plan.

IMGCAP(1)]If your clients who are closing in on retirement, planning for the day they leave the workforce is probably at the top of their minds. But retirement planning is critical at any age. It’s never too early to begin putting a retirement savings strategy in place for your clients.

A bipartisan task force has issued a plan to cut the size of the national debt and the federal budget deficit through taxes and other means.

HIGH-NET-WORTH INDIVIDUALS SHUN RETIREMENT

Economic confidence is rising among CFOs, according to a new survey that found 57 percent of them saying they plan to hire additional employees in the next six months.

The Internal Revenue Service said the cost-of-living adjustments affecting the dollar limitations for pension plans and other retirement- related items for tax year 2011 will mostly remain unchanged, except for a few small inflation adjustments.

A new report by the Government Accountability Office uncovered hundreds of allegations of physical abuse, neglect and financial exploitation by guardians in 45 states and the District of Columbia between 1990 and 2010.

ADVISORS CONTINUE SHIFT TO FEE-BASED MODELS

The U.S. Department of Labor and the American Institute of CPAs have launched an interactive website to help small businesses select a retirement plan suitable for their employees.

The number of American workers participating in a retirement plan continued to decrease last year, adding to a trend that began with the recession of 2008 and reaching its lowest level in a decade, according to a new study.

For the second year in a row, monthly Social Security and Supplemental Security Income benefits for more than 58 million Americans will not automatically increase in 2011, the Social Security Administration said Friday, but Congress will try to pass a law to provide seniors with the extra money anyway.

For the second year in a row, the Social Security Administration is probably not going to provide a cost of living adjustment for Social Security recipients because of the low rate of inflation.

Today, many professional firms have a sobering problem when it comes to older partners. It can be difficult enough to negotiate a sale of an owner’s interest, and finding a way to pay for it is an even greater challenge.

FASB RETOOLS STANDARDS FOR PENSION PLANS

The Internal Revenue Service is getting the word out to employers about a provision in the recently passed Small Business Jobs Act that allows them to amend their 401(k) or 403(b) plans to allow participants to transfer an eligible rollover distribution into a Roth 401(k) or 403(b) account.

Sixty percent of high net worth individuals say they will never retire, according to a new survey that has spotted a trend of the “nevertiree.”

AUTOMATIC IRA BILL ON HILL

Doctors have been opting out of the Medicare system at an alarming rate lately as the system goes through a tumultuous year, leaving some accountants’ clients in a bind when they suddenly cannot get their medical bills paid.

A majority of state and local government workers are not certain if they have enough money set aside for their retirement, according to a new study.