IRS

The agency’s recent private letter ruling tying student loan repayments to a 401(k) isn’t the same as definitive IRS guidance. But employers can take a number of steps in the meantime.

The agency’s recent private letter ruling tying student loan repayments to a 401(k) isn’t the same as definitive IRS guidance. But employers can take a number of steps in the meantime.

The model notice that employers must provide before participants receive an “eligible rollover distribution” from a qualified 401(a), a 403(b), or 457(b) plan has changed.

The IRS is expected to release guidance saying that business meals will continue to be 50% deductible.

Investors have an average of 25 funds to choose from in their 401(k) plans, but some financial advisors suggest that the best approach is to pick a small number of very broad funds.

Other groups, such as those who used to itemize tax deductions but will now use the high standard deduction, are also advised to check their withholding taxes.

These loans can be a good option in some cases, but they're not a cheap way to borrow money so senior citizens with good credit may have cheaper alternatives.

Waiting until your 70th birthday is the much-discussed strategy to maximize benefits. But in some circumstances, you won't miss out if you file earlier.

Even though the program was created by a large multinational corporation, companies of all sizes could utilize this approach.

The ruling is a step in the right direction. But be warned: There are too many unknowns for companies to begin offering the program.