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Individual Retirement Accounts: What You Need to Know

Money Talk

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). Tax planning involves looking ahead and projecting future income and tax write-offs. Many have accumulated significant sums and need tax planning help. 401(k), 403(b), 457, or Thrift Savings Plan).

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IRS Releases Annual Increases to Qualified Retirement Plan Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

On November 1st, the IRS released a number of inflation adjustments for 2024, including to certain limits for qualified retirement plans. The table below provides an overview of the key adjustments for qualified retirement plans.

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Ensuring payroll compliance in 2024: What’s new?

Business Management Daily

In it, she breaks down all the new payroll compliance changes affecting payroll administration in 2024, including post-pandemic trends that don’t appear to be going anywhere anytime soon. Without further ado, here’s step-by-step guidance for achieving payroll compliance in 2024. not signing up for your 401(k) plan).

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SECURE 2.0 Act of 2022 Arrives: (Another) Landmark Retirement Package

Proskauer's Employee Benefits & Executive Compensa

a long-awaited (and debated) package of retirement plan reforms. Given the breadth of the changes and the anticipated regulatory efforts to implement the new law, virtually all qualified retirement plans will need to be reviewed in conjunction with SECURE 2.0’s The wait is over for SECURE 2.0, may be viewed here.

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BlackRock CEO Seeks Solutions for the Retirement Crisis in the US

HR Digest

In his 2024 Annual Chairman Letter to Investors, BlackRock CEO Larry Fink brought attention to a retirement crisis letter that renewed interest in the conversation, discussing strategies on how to address the matter. 55 percent of these respondents expressed worry about achieving financial security after retirement.

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A Return to Prioritizing Retirement Benefits 

HR Professionals Magazine

By Chuck Stinson The McGriff Retirement Benefit Survey, a follow-up to our 2023 National Benefit Trend Survey, provides a comprehensive view of retirement plan trends across a diverse landscape of industries and company sizes. The responses to the defined benefit plan portion of the survey further supports these views.

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Game of Tomes: A Guide to the DOL’s Retirement Security Rule Proposal

Proskauer's Employee Benefits & Executive Compensa

The Proposed Rule would specifically cover a recommendation to roll over an account from an employer-sponsored plan ( e.g. , a 401(k) plan) into an individual retirement account (an “IRA”). IRA rollover advice specifically covered.

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