IRS

IRS rules allow clients in certain circumstances to tap their retirement accounts before the age of 59 1/2 without a 10% penalty. But this still should be considered a last resort, an expert says.

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

While a recent IRS private letter ruling is generating some buzz, employers need to do their homework before proceeding with this type of program on their own.

The ERISA Industry Committee requests that the agency “clearly articulate that such contributions will not affect the tax-qualified status of an employer’s retirement plan.”

These property tax deferral programs are available to older homeowners who want to postpone real estate taxes provided they remain living in their home.

A private letter ruling allowed an unnamed employer’s plan to tie retirement contributions to student loan repayment contributions.

A private letter ruling allowed an unnamed employer’s plan to tie retirement contributions to student loan repayment contributions.

Divorced women are more financially prepared for retirement than their single, never-married counterparts because they are more likely to secure their marital home after the separation.

Those that violated the employer shared responsibility provision in 2015 are nearing the end of their assessments and based on their responses, have received one of five versions of IRS Letter 227.

Those who violated the employer shared responsibility provision in 2015 are nearing the end of their assessments and based on their responses, have received one of five versions of IRS Letter 227.