by Kenny | Jun 25, 2020 | Uncategorized
By Ian Berger, JD IRA Analyst Question: Hi Ed, If a person takes that 100k distribution, can they elect to split evenly in 2020-2022 as income? Or can they determine how to apply the income? Shannon Answer: Hi Shannon, Those persons who qualify for up to $100,000 of... by Kenny | Jun 25, 2020 | Weekly Newsletter
Americans without retirement savings are increasingly moving in with their millennial children. Sian-Pierre Regis, 35, is used to living with roommates. For the past 10 years, he has split the rent on his apartment in the Chelsea neighborhood of Manhattan with two (in... by Kenny | Jun 24, 2020 | Uncategorized
By Ian Berger, JD IRA Analyst The IRS has extended the rollover deadline for required minimum distributions (RMDs) taken from IRAs or company plans in 2020. In Notice 2020-51, released on June 23, the IRS said that any unwanted 2020 RMDs can be repaid via rollover to... by Kenny | Jun 23, 2020 | Uncategorized
Are you acting in your clients’ best interest when it comes to rollovers? On June 30, the new SEC Regulation Best Interest (Reg BI) becomes effective. Reg BI establishes a “best interest” standard of conduct for broker-dealers when they make recommendations to clients... by Kenny | Jun 23, 2020 | Uncategorized
June 22nd, 2020 Chadd Mason, CEO The Cabana Group Which Way Will the Market Break? U.S. equity markets continue to be range bound but hold above the all-important 200-day moving average at 3000 (S&P 500). I read over the weekend that there remains a record amount...