Greg was a reporter for InvestmentNews from 2015 to 2019, covering defined-contribution plans, retirement planning, insurance, taxes and estate planning, before then moving to CNBC as a Personal Finance Reporter. He tweets at: @GregIacurci
Proposal would remove recharacterization option from advisers' toolkit.
While pre-tax 401(k) contribution limits are off the table (for now), the Republican tax bill nonetheless makes changes to retirement savings plans.
As the number of signatories to the protocol has swelled over the years, so too has the gamesmanship Morgan Stanley cites as its reason for leaving, according to experts.
Clients may need to navigate shifting tax brackets, re-characterizations of Roth IRA conversions, reconsidering the value of charitable contributions, and restrictions on the mortgage interest deduction.
A Treasury proposal seeks to amend rules for plan sponsors to help them assess the long-term viability of insurance companies.
He believes reducing the pre-tax contribution limit on traditional 401(k) plans and encouraging 'Rothification' would lead the middle class to save less for retirement.
These underutilized strategies give financial advisers the edge with clients.
Investor advocates fear brokerage firms may seek to overturn Finra's rule banning class-action waivers in customer agreements.
Hester Peirce and Robert Jackson Jr. believe the brokerage regulator's conduct in this area should be improved.
Fidelity and Voya prevailed in similar pay-to-play cases this year against 401(k) record keepers.
