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401 K

A guide to drawing down your savings in retirement

A guide to drawing down your savings in retirement

As reported in the LA Times, “A guide to drawing down your savings in retirement.” The approach of retirement should be an exciting time for 50- and 60-somethings. But when the issue is your finances — and whether you’ve saved enough to last the rest of your life — excitement can quickly be overridden by […]

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How to divvy up assets as you head for retirement

How to divvy up assets as you head for retirement

As reported in the LA Times, “How to divvy up assets as you head for retirement.” Choosing how to invest retirement savings often ends up being a dartboard exercise for younger people, because it all seems so theoretical. As the date of retirement or semi-retirement gets nearer, however, you begin to realize that your financial […]

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US Supreme Court holds that action for breach of fiduciary duty to monitor 401(k) investments not time-barred

US Supreme Court holds that action for breach of fiduciary duty to monitor 401(k) investments not time-barred

Tibble, Glenn v. Edison International (2015, S Ct) 2015 US No. 13-550 The Supreme Court has held that as long as an alleged breach of the continuing duty to monitor the investments of a 401(k) plan occurred within six years of the time a fiduciary breach suit is brought, the claim is timely. The case […]

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IRS removes nondiscrimination hurdle for target date funds in 401(k) plans

IRS removes nondiscrimination hurdle for target date funds in 401(k) plans

Notice 2014-66, 2014-46 IRB Click here for the Treasury Department Announcement titled “Treasury Issues Guidance to Encourage Annuities in 401(k) Plans.” In a notice and accompanying Treasury Department release, IRS has provided a special rule that enables qualified defined contribution plans, including 401(k) plans, to provide lifetime income by offering, as investment options, a series […]

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How to use a 401(k)-to-IRA rollover to boost a future health premium credit

How to use a 401(k)-to-IRA rollover to boost a future health premium credit

An individual who is a participant in a 401(k) plan and who is planning on separating from service before normal retirement age, say at age 62, faces many choices. One key choice will be whether to keep his 401(k) account intact or roll it over to an IRA. Another choice for many will be whether […]

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IRS Notice Provides Mid-Year Amendments to Safe Harbor 401(K) & 401(M) Plans to Reflect Impact of Windsor Case

IRS Notice Provides Mid-Year Amendments to Safe Harbor 401(K) & 401(M) Plans to Reflect Impact of Windsor Case

Notice 2014-37, 2014-23 IRB. In a Notice, IRS has stated that a plan will not fail to satisfy the requirements to be a Code Sec. 401(k) or Code Sec. 401(m) safe harbor plan merely because the plan sponsor adopts a mid-year amendment pursuant to a recent IRS notice that required amendments to plans to reflect […]

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Sorting out the timing rules for traditional and Roth IRAs – Part II

Sorting out the timing rules for traditional and Roth IRAs – Part II

This blog article sorts out the Roth IRA timing rules for regular contributions, rollovers, trustee-to-trustee transfers, conversions, recharacterizations, and reconversions, and offers practical suggestions on how to keep the complications to a minimum. It’s the second of a two-part series – the first covering timing rules for traditional IRAs. Regular contributions to Roth IRAs. The deadline […]

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401(k) plan hardship distributions – consider the consequences

401(k) plan hardship distributions – consider the consequences

There’s some good advice to consider if you have  “401(k) plan hardship distributions – consider the consequences,” posted by the IRS.  Here are some of the highlights. If you suffer a financial hardship, you might be able to withdraw money from your 401(k) plan before you retire.  Some 401(k) plans may allow a hardship distribution […]

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Don’t Let Rising Interest Rates Swamp Your 401(k) – And Don’t Panic

Don’t Let Rising Interest Rates Swamp Your 401(k) – And Don’t Panic

“Don’t Let Rising Interest Rates Swamp Your 401(k)” – good advice and tips from the WS Journal article. Is it time for 401(k) savers to abandon bond mutual funds? Many investors hit the “sell” button on bonds in June—but if your focus is on retirement, think through your options before you follow the crowd. The […]

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Big 401(k) Mistakes … and How You Can Avoid Them

Big 401(k) Mistakes … and How You Can Avoid Them

As reported in the WSJ, Big 401(k) Mistakes, . . . and How You Can Avoid Them,” what you don’t know about your 401(k) could hurt you. Millions of Americans are counting on their 401(k) to fund their golden years. But financial advisers say some people may be making mistakes with their 401(k)s that could […]

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10 things mutual fund companies won’t say

10 things mutual fund companies won’t say

As reported in the WSJ news article “10 Things Mutual Fund Companies Won’t Say,” there are several tips and concerns for the informed investor.  I particularly liked the tips: “cheap funds often outperform pricey ones,” and “we can’t beat the market.  In fact, all of the tips are “right on.”  Here’s the article: 1. Cheap […]

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10 things 401(k) plans won’t tell you

10 things 401(k) plans won’t tell you

As reported in the news in the WSJ, “10 Things 401(k) Plans Won’t Tell You,” there are several tips and tricks of the trade to consider.  I particularly liked the bullets:  “we weren’t meant to carry the weight of your future,” and “we have no clue how much you’ll need in retirement.” Here’s the article. […]

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IRS Tax Tips: Six Tips on a Tax Credit for Retirement Savings

IRS Tax Tips:  Six Tips on a Tax Credit for Retirement Savings

Six Tips on a Tax Credit for Retirement Savings If you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement, you may be eligible for a tax credit, depending on your age and income. Here are six things the IRS wants you to know about the Savers Credit: 1.  Income […]

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Tax Tip: Early Distribution from Retirement Plans May Have a Tax Impact

Tax Tip:  Early Distribution from Retirement Plans May Have a Tax Impact

Early Distribution from Retirement Plans May Have a Tax Impact Taxpayers may sometimes find themselves in situations when they need to withdraw money from their retirement plan early. What they may not realize is that that transaction may mean a tax impact when they file their return. Here are 10 facts from the IRS about […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney