Tag Archives: 403(b) Plans

Retirement plan beneficiary designations shouldn’t be one and done

What did Amy Winehouse, Jimi Hendrix, Heath Ledger, and Whitney Houston have in common? No. not just being in the celebrity spotlight, but rather, estate planning done wrong or not at all. You can add one more celebrity to the list who Darla Mercado writes about in her InvestmentNews article, He needed a script: Actor … Continue Reading

The Impact of the Supreme Court Same-Sex Marriage Decision on Retirement Plans: The Cliff Notes Version

If you’re anywhere near a retirement plan, you have probably received a ton of emails from law firms and 401(k) providers on the recent Supreme  Court decision involving same-sex marriages. With the caveat that I’m not an attorney, here’s my Cliff Notes version on the June 26, 2013, United States Supreme Court ruling in U.S. … Continue Reading

The 401(k)/403(b) Investment Manual: Book Review

In the almost 7 years I have been writing this blog, I have written a number of book reviews about 401(k) plans and investing that have tracked the retirement plan industry. Josh Itzoe’s Fixing The 401(k) in 2009 Pat Huddleston’s, The Vigilant Investor: THE VIGILANT INVESTOR: A Former SEC Enforcer Reveals How To Fraud Proof-Your Investments in 2011 … Continue Reading

ERISA, take me back to 1982

I’m a big NBA fan, and I love those time traveling Kia commercials featuring Blake Griffin, the All Star forward of the Los Angeles Clippers.He’s in his Kia Optima and says, "Kia, take me back to 1992." There he meets himself and learns valuable life lessons. I can also imagine time traveling. Not with a … Continue Reading

IRS announces 2012 dollar limits on contributions and benefits

Each year the Internal Revenue Service announces the cost-of-living adjustments applicable to qualified retirement plans for the following year. Unlike 2001 in which most limits did not change from the prior year, most limits increased: Following are the key retirement plan limits announced yesterday by the IRS: The 401(k) and 403(b) limit for employee contributions … Continue Reading

“When I’m Sixty-Four”… Eh, better make that 75

When I’m Sixty-Four is, of course, one of the classic songs by The Beatles, written by Paul McCartney (credited to Lennon/McCartney) and released in 1967 on their Sgt. Pepper’s Lonely Hearts Club Band.  The theme is about aging with a young man singing to his lover about his plans of them growing old together. It was also one of … Continue Reading

Geraldine Ferraro’s ERISA legacy

Geraldine Ferraro who died yesterday at age 75 was a political trailblazer.  She was, of course, the first woman named to a major-party presidential ticket when Walter Mondale picked her to be his Democratic party running mate in 1984. But while the Mondale-Ferraro ticket lost 49 out of 50 states to the Republican ticket of President … Continue Reading

403(b) and 457 Seminar at John Marshall Law School

Last month, I participated in a seminar at the John Marshall Law School, “New Rules for Non-Traditional Retirement Plans”, as part of the Law School’s LLM Program in Employee Benefits. The seminar was led by attorney Bob Toth with whom I collaborated in our 403(b) Crunch Time Series. Bob is considered one of the leading experts on 403(b) plans, 457 plans, and … Continue Reading

Key dollar limits on contributions and benefits remain unchanged for 2011

Every year the Internal Revenue Service announces the cost-of-living adjustments applicable to qualified retirement plans for the following year. The limits will remain unchanged for the second consecutive year.   Following are the key retirement plan limits for 2011 recently announced by the Internal Revenue Service: 401(k) and 403(b) Deferrals: $16,500 Catch-Up for Age 50 and … Continue Reading

Navigating the New 403(b) Rules One Year Later: John Marshall Law School Presentation

On October 8 and 9, 2010, I participated in a seminar at the John Marshall Law School, "New Rules for Non-Traditional Retirement Plans", as part of the Law School’s LLM Program in Employee Benefits. The seminar was led by attorney Bob Toth with whom I collaborated in our 403(b) Crunch Time Series. Bob is considered one of the leading experts on … Continue Reading

403(b) and 457 “Lunch and Learn” at John Marshall Law School

Today I presented a “Lunch and Learn” about 403(b) and 457 retirement plan for the students at John Marshall Law School. It was a preview to the two day seminar on October 8 and 9, 2010 in which I will be participating. It’s called “New Rules for Non-Traditional Retirement Plans”, as part of the Law School’s LLM Program … Continue Reading

Comparing and contrasting retirement plans for business owners

For a business owner choosing a retirement plan, it’s kinda like those compare and contrast essay questions on college exams. Except this time, it’s real life and a lot more complicated than the venn diagram pictured above. Fortunately, our friend Denise Appleby at her Appleby Retirement Dictionary has provided a handy and comprehensive chart comparing … Continue Reading

The ERISA plan document shouldn’t be maybe yes, maybe no

 No disrespect intended to the attorneys for beginning this post with a cartoon from the creative mind of Terry Hart, a/k/a, Hartboy. Rather, it’s intended as an excellent visual metaphor for my takeaway from the recent article written by our friend (and attorney) Andy Williams on his Benefits Law Group of Chicago website. Andy writes … Continue Reading

2010 retirement plan limits unchanged but have future implications

Most annual retirement plan limits are indexed to inflation; and because of the decline in the Cost of Living Index in 2009, many of the limits remained unchanged for 2010. Following are the key retirement plan limits for 2010 as announced by the Internal Revenue Service. 401(k) and 403(b) Deferrals: $16,500. Catch-Up Limit (Age 50 … Continue Reading

403(b) and 457 Seminar at John Marshall Law School

On October 31 and November 1, I participated in a seminar at the John Marshall Law School, “New Rules for Non-Traditional Retirement Plans”, as part of the Law School’s LLM Program in Employee Benefits. The seminar was led by attorney Bob Toth with whom I collaborated in our 403(b) Crunch Time Series. Bob is considered one of the … Continue Reading
LexBlog