John Sullivan
By John Sullivan 1/23/2023
Increasing and securing retirement income is “an area where Congress is willing to act,” high-profile retirement income expert Wade Pfau says, pointing to the SECURE 2.0 as proof.
The popular bipartisan legislation allows individuals to buy QLACs to satisfy all their RMD requirements up to $200,...
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By John Sullivan 1/18/2023
A high-stakes game of political chicken is set to come to a head this week, as the country will reach its $31.381 trillion debt limit on Thursday.
The debt limit is the total amount of money the United States government is authorized to borrow to meet its existing legal obligations, including...
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By John Sullivan 1/18/2023
American Retirement Association (ARA) General Counsel Allison Wielobob said Wednesday that the Internal Revenue Service (IRS) confirmed that it plans to publish a new rule by the end of January detailing a permanent change to how actuaries earn continuing education credit.
Wielobob, ASEA’s...
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By John Sullivan 1/13/2023
The comment period for changes to the Department of Labor’s popular Voluntary Fiduciary Correction Program (VFCP) is rapidly coming to a close, with all comments due by Friday, Jan. 20.
The proposed changes, released in November, simplify and expand the original VFCP, “thereby making it easier for...
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