Monthly Archives: June 2023

The idea for buying a nice home is that you would be friendly with neighbors. That really has not panned out. I have a neighbor next door who holds loud parties on Saturdays without giving me a head’s up. Parties … Continue reading →

When I started my own law practice in 2010, I did some small business networking and I realized there was a cottage industry of people who wanted to separate my money from my wallet. They would try to sell me … Continue reading →

Perhaps it is a result of the terrible economy for the last few years or perhaps more supervision by the Department of Labor, but I have seen a large uptick in owners of businesses stealing plan assets from retirement plans. … Continue reading →

You know I’m not in favor of self-directed brokerage accounts (SDBAs), but they are still a thing. Average account balances among plan participants with SDBAs with Charles Schwab increased 6.6% to $298,543 during the first quarter of 2023 compared to … Continue reading →

As I always say, if you’re a retirement plan sponsor, you can be sued over anything, regardless of whether you are at fault or not. An American Airlines pilot is suing his employer in Texas Northern Federal District Court, claiming … Continue reading →

My latest article for JDSupra.com can be found here.

My latest article for JDSupra.com can be found here.

To pay for the tax savings implemented by SECURE 2.0, there was a huge tax revenue earner. Beginning in 2024, SECURE 2.0 significantly changes the rules for catch-up contributions. The law will require plans that permit catch-up contributions to accept … Continue reading →

If I have to say one sad thing about my experiences is that I try to get along with people and not fight, yet I get drawn into battles. As I get older, not as much. But sometimes you get … Continue reading →

When we had our inaugural Retirement Roundtable during That 401(k) National Virtual Conference last January, I would see some of the chat in the Zoom room among attendees. Some were annoyed at some of the SECURE 2.0 requirements that new … Continue reading →