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2014

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  • IRS “Throws in the Towel” on 401(k) Roth Conversions

    For years the IRS held strong: When rolling over 401(k) funds, after-tax and pre-tax funds are distributed pro-rata. However, with the recent issuance of IRS Notice 2014-54, the rules have changed. Historically, for those who maxed out their tax-deferred growth options, saving money in an after-tax 401(k) plan was not a great strategy. The IRS’…

  • Legal Double Dipping

    For the most part, there is a reason as to why a Bank or Brokerage firm puts a mutual fund in your account – FEES. Whether it’s through being paid directly by offering up a propriety product or through revenue sharing by allowing another fund family to participate on their platform, Brokerage firms have found…

  • Saving ≥ Investing

    It’s always a version of the same question:  “How much do I need to have saved in order to retire?”  As planners, we are able to run calculations ad nauseam of amounts currently saved, future savings and annual return assumptions to project retirement needs.

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    Thoughts from the TD Ameritrade Conference

    Noah and I flew down to Orlando last week for the annual TD Ameritrade Institutional Conference. In addition to industry professionals and experts, there was quite a lineup of speakers and entertainment, including Mitt Romney, Sugar Ray Leonard and Huey Lewis & the News. Our key takeaways follow: