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A Checklist for Plan Sponsors

…income to the recipients. Review loans to make sure that loan balances do not exceed the maximum limitations. Unless used to finance the purchase of a principal residence, all loans must be repaid within five years. A plan may impose more stringent conditions on loans…

Consequences of Plan Disqualification

…have to include their entire vested plan balance in income (any amount not previously taxed) if the plan is disqualified for certain reasons. In addition, distributions from a plan that has been disqualified are not considered eligible rollover distributions. Consequently, employees receiving distributions cannot roll…

Some Thoughts On China And The Us Economy

…less buying power in US dollar terms. Conversely, Chinese goods and services have become cheaper for the rest of the world. A floating currency would help bring the US trade deficit with China back into balance. Among the world’s largest economies, China has the world’s…

The Pitfalls of Taking a Loan From Your Retirement Plan

…have borrowed from your 401(k) plan and subsequently lose your job, you are generally required to pay back the entire outstanding balance of the loan … often within 60 days of termination of employment. Any amount not repaid within the specified time frame is considered…

The CARES Act and Your Retirement Plan

…allows a qualified participant to borrow up to 100% of his or her vested account balance or $100,000, whichever is less, as long as that loan is made between March 27 and September 22, 2020. A couple of notes are necessary here: Some sources have…

How to Keep Your Retirement Fund Working for You

…percent rule,” which involves withdrawing 4 percent of your portfolio in the first year of your retirement, and then 4 percent in each subsequent year, adjusting for inflation. Alternatively, based on life expectancy assumptions, you may elect to divide your account balance by the number…

Market Volatility and the Impact of the Coronavirus

…analysis, data and forecasts to be difficult, if not impossible, to rely on. There is a saying that “markets dislike uncertainty”, which is helping drive stocks downward, with investors moving into “safe haven” assets such as US government bonds, gold and cash. The Chinese economy…

The BOLI Boon for Community Banks

…always involve significant tax consequences to the bank. However, the overall tax benefits — the growth of the cash surrender value is tax-deferred and the death benefits received are tax-free – can go a long way toward overcoming those concerns. Other potential benefits of BOLI…

The BOLI Boom: Is Your Bank a Part of It?

…significant amount of cash, BOLI may be the answer to help generate some tax-free income for the bank’s bottom-line. On the other hand, if your bank has liquidity issues, that can make it difficult to purchase BOLI. Indeed, the liquidity issue is a tough one…

Can Pension Plans Help the Economy?

…has generally been made through private infrastructure funds. US infrastructure investment in general has been hindered by competition from the municipal bond market. However, lower returns in the public markets, governmental partnerships and the prospect of long-term steady cash returns have the potential to increase…

Pros and Cons of Closed-End Funds

…time, which can impact return volatility. Also, since CEF managers are not subject to daily cash outflows, this allows the fund to invest in less liquid securities-which in itself may create more investor risk. In summary, given their complexity and cost, CEFs may be more…