Retirement Learning Center

Listen to highlights of our most recent Case of the Week that discusses rollovers between 529 plans. Our consultants recently received this question from an advisor in New Jersey. Cathy Bourassa, Senior Consultant at RLC, discusses the case. >> https://hubs.la/Q03bjCHk0

A recent Case of the Week discusses rollovers between 529 plans. Our consultants recently received this question from an advisor in New Jersey. The question: “I have a client with quite a few different 529 plans for the same beneficiary. For example, he has one with the state of New York and one with Massachusetts and one in New Jersey as well as a couple of others. Can he roll them all over into the New Jersey 529 Plan to consolidate the accounts into one, or does a 60-day rollover rule prevent him from doing these rollovers all this year?” Key Takeaways: 529 plans are subject to the 60-day rollover rule. Consequently, direct or indirect rollovers between 529 plans for the benefit of the same beneficiary can occur only once every 12 months. Discover more about the pivotal role you play as a financial professional in guiding clients through retirement plan complexities. Read the full article: https://hubs.la/Q03bnz5B0

Listen to highlights of our most recent Case of the Week that discusses repayment of Social Security benefits. Andy Larson, Director of Retirement Education at RLC, discusses the case. >> https://hubs.la/Q039q_Y80

A recent Case of the Week discusses repayment of Social Security benefits. Our consultants recently received this question from an advisor in Illinois. The question: “Can the government take back Social Security benefits paid in error?” Key Takeaways: The Social Security Administration (and other federal agencies) use the reclamation process to recoup payments of federal benefits issued after death. Discover more about the pivotal role you play as a financial professional in guiding clients through retirement plan complexities. Read the full article: https://hubs.la/Q039jzfJ0

Listen to highlights of our most recent Case of the Week that discusses rehiring after separation from service with an employer. Jenny Kiffmeyer, JD and COO at RLC, discusses the case. >> https://hubs.la/Q038PkVc0

What drives a successful retirement program? Andy Larson, Director at our Retirement Learning Center, shares valuable insights. What other key drivers do you think are essential? Share your thoughts in the comments! ?? #RetirementPlanning #EmployeeBenefits #CompanyCulture

A recent Case of the Week discusses rehiring after separation from service with an employer. Our consultants recently received this question from an advisor in Nebraska. The question: “Is a plan distribution legitimate if the employee left employment, took a withdrawal and went back to work for the same employer shortly thereafter? If not, what could happen?” Key Takeaways: To receive a distribution from a qualified retirement plan on account of a severance of employment, the participant must have experienced a bona fide termination of employment in which the employer/employee relationship is completely severed. Sham terminations that trigger plan distributions can lead to plan compliance problems. Discover more about the pivotal role you play as a financial professional in guiding clients through retirement plan complexities. Read the full article: https://hubs.la/Q038mwGN0

Listen to highlights of our most recent Case of the Week that discusses required minimum distributions. Andy Larson, Director of Retirement Education at RLC, discusses the case. >> https://hubs.la/Q037n6R_0

A recent Case of the Week discusses required minimum distributions. Our consultants recently received this question from an advisor in South Dakota. The question: “Can a plan participant skip required minimum distributions (RMDs) if they have a “242(b)(2)” election?” Key Takeaways: Eligible plan participants who made valid TEFRA Section 242(b)(2) elections can avoid modern-day RMD requirements. Such elections were required to be made no later than December 31, 1983.Eligible plan participants who made valid TEFRA Section 242(b)(2) elections can avoid modern-day RMD requirements. Such elections were required to be made no later than December 31, 1983. Discover more about the pivotal role you play as a financial professional in guiding clients through retirement plan complexities. Read the full article: https://hubs.la/Q037nVk50

Listen to highlights of our most recent Case of the Week that discusses self-correction procedures. Heather Panick, JD and ERISA Consultant at RLC, discusses the case. >> https://hubs.la/Q036f6w30