November 5, 2024

Retirement Plan Disaster Relief

November 5, 2024

It seems like every few days we see and hear news about natural disasters impacting different areas of the United States.  Whether it’s a hurricane, flood, tornado, wildfire, mud slide or severe storm, almost everyone knows someone who has been impacted by these types of events.  While it is not possible to prevent these catastrophes…

October 1, 2024

Required Minimum Distributions

October 1, 2024

As we approach the end of the calendar year, it is important to be reminded about one frequently overlooked retirement plan requirement.  Upon attainment of age 73, certain participants of a tax-qualified retirement plan may be required by federal tax law to withdraw a minimum amount from such plan each year.  These mandatory distributions are…

September 4, 2024

Long Term Part-Time Eligibility Provisions – 2025 Edition

September 4, 2024

Hopefully, everyone is now an expert on how to apply the “long term part-time employee” (“LTPT(s)”) provisions of the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act which became effective at the beginning of this year. Unfortunately, it is now time to “adjust” that knowledge in anticipation of certain impending changes to the LTPT…