Compensation
Compensation
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Many employees who change jobs choose to roll their 401(k) accounts into IRAs rather than leaving them in place or rolling them into their new employers 401(k) plan. Rolling a 401(k) account into an IRA is generally a really bad idea, for the following reasons.
June 24 -
More than four years before the Affordable Care Act was signed into law, a county government in the state of Washington took action on its skyrocketing health care costs, becoming one of the first counties in the country to tie out-of-pocket health care expenses to participation in wellness activities.
June 23 -
As the Affordable Care Act continues to necessitate the evolution of the benefit advisers role with individual and employer clients, knowing about the tax ramifications of the health law is a must.
June 23 -
The UnitedHealth Group Inc. executive whose Optum division helped states and the federal government fix Obamacare health exchanges will become second-in- command at the agency that runs the U.S. program.
June 23 -
Recently, the Internal Revenue Service has focused enforcement activity on examining the implementation of a strong internal control system. The IRS has publicly stated that if a plan is selected for audit the agent will use their evaluation of the plans internal controls to determine whether the scope of the examination will be focused or expanded.
June 23 -
Early health plan rate filings for 2015 signal premium rate hikes that could force individuals to consider switching plans. Confused consumers will be looking for help from benefit brokers and agents well-versed in plan options.
June 20 -
In contradictory fashion, paying off debt was cited as the top reason for taking out a loan from retirement plan savings (46%), yet only 26% of respondents said paying off debt was a good reason to take out a loan.
June 20 -
Despite a surge in sign-ups through public exchanges, the newly insured have many of the same fears about explosive health care costs as those who have dealt with the issues of coverage in previous years.
June 20 -
How the ACA has drawn attention to vision care coverage and prompted employers to ask advisers about this voluntary benefit.
June 20 -
Commentary: Blogger Aaron Friedman reports good news for benefit advisers interested in working with employers on 403(b)s
June 20 -
The United States Supreme Court ruled that funds held in an inherited IRA are not retirement funds. As such, these funds are not exempt from the IRA holders bankruptcy estate and are subject to the claims of creditors in bankruptcy.
June 19 -
As business leaders and government officials cope with surging health care costs, one global think tank is estimating that up to $303 billion can be saved through a healthier workforce should chronic disease prevention efforts in the workplace become the norm.
June 19 -
Commentary: With all the controversy around the new fiduciary definition, blogger Jerry Kalish reminds benefit advisers and brokers that theres on fiduciary protection that is not in question the support from the retirement plan.
June 19 -
Advisers working with employer clients on ACA compliance should pay close attention to the DOLs recent updates on out-of-pocket limits and preventive service requirements.
June 19 -
Private exchanges increasingly will feature single-carrier rather than multicarrier networks as well as more expansive product lines.
June 19 -
Advisers can help employers boost employee benefit enrollment with better employee education and communication.
June 19 -
For almost half the country, retirement might not be all golf games and trips to see grandkids, as many will be partially working in or through their golden years.
June 18 -
Looking toward 2015 open enrollment, experts say Healthcare.gov will be a vastly better place but work continues on some back end functionality.
June 18 -
Former HHS Secretary Kathleen Sebelius and Kentucky Governor Steve Beshear discuss what key factors led to Obamacares 8 million enrollees
June 17 -
The accessibility of specialty prescription drugs may be as elusive on the Affordable Care Acts health care exchanges as it typically has been off of the exchanges, and trusted advisers need to be able to navigate both discussions with clients.
June 17