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SECURE 2.0 Act and the Retirement Situation

Prism HR

Nowadays, there are a lot of people who aren’t feeling very secure about their retirement. So let’s talk about that retirement situation. It’s not so great if people are continuing to work longer simply because they are concerned they won’t be able to afford to retire comfortably. of those people being 65 and older.

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What’s the Difference Between 401(k) and SIMPLE Retirement Plans?

Guideline

There’s no such thing as a one-size-fits-all approach to retirement. Below, we’ll dive into how the different plans compare—and how small businesses should approach choosing the right retirement plan. When you think of employer-sponsored retirement benefits, chances are that traditional 401(k) plans come to mind.

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Interview with Executive Director of CalSavers, Katie Selenski, on New Retirement Requirements

Guideline

Last week, we hosted a discussion about the new retirement requirements in California and Oregon, and how employers can make sure they are staying compliant. Katie from CalSavers: Recently, California and Oregon have passed similar programs intended to help employees save for retirement. What is the CalSavers savings plan?

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401(k) glossary: Your guide to retirement terminology

Guideline

Saving for retirement should be simple. Put some of the blame on retirement’s complex terminology. Guideline believes that saving for retirement should be easy for everyone. Consider this glossary your secret decoder ring to all-things-retirement. Let’s help you clear a few things up. Illinois Secure Choice).

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Astron’s Yearly Compensation Review Part III: Non-Profit Executive Compensation Planning for 2019

Astron Solutions

The Tax Cuts and Jobs Act of 2018 is the most impactful change to the way non-profit organizations will plan their executive compensation programs going into 2019. As noted in the regulations, “tax-qualified” retirement plans are exempt from this provision. IRS Guidelines on Non-Profit Executive Incentive Compensation.

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Further Hurricane Relief for Retirement Plan Participants Put into Place

HR Daily Advisor

Congress provided for both retirement plan hardship distribution tax relief and more generous plan loan rules for participants whose primary residences were damaged in one of the storms’ paths. What are the guidelines for this relief if some of your plan’s participants were hit? Recontribution Option.

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Why should I start my 401(k) plan at the beginning of the year?

Guideline

Here’s the thing: Not only is the end of the year actually a good time to evaluate retirement benefits, it might be the best. To boot, offering retirement benefits has never been more affordable — making it a whole lot easier to take the leap. New tax incentives make rolling out a retirement plan even more affordable.