by David Gensler | Aug 25, 2023 | retirement, retirement planning, retirement plans, Webinar
SECURE 2.0 WEBINAR – What do you need to know? We are pleased to present a webinar presented by David I Gensler and Frank Grande discussing SECURE 2.0. The hour long webinar discuss the key provisions of SECURE 2.0 and its impact to retirement plans. We delve into the...
by David Gensler | May 30, 2023 | article
“David, it’s Beth. I just brought a few of our consultants on as full-time hires. They’re in their 50s—a bit older than our typical new employees—and since they’ll only have so many years to contribute into our retirement plan, I was wondering if…” “What you’re asking...
by David Gensler | May 23, 2023 | 401(k) plans, article
Kareem called me from the HR department of a client company. “Hi David. What happens when a new employee doesn’t formally opt in or out of the retirement plan? I’m not sure what to do with them.” “Great question, Kareem, and a timely one. Starting this year, if you...
by David Gensler | May 16, 2023 | 401(k), article
“David, I read your blog post about state-mandated IRA programs, and how it makes sense to set-up your own retirement plan and not use the government’s.” “Thanks Jeff. I’m always happy to hear from someone who’s doing their homework and trying to stay on top of what’s...
by David Gensler | May 9, 2023 | article, retirement plans
Shannon was referred to me by a client. “I’m starting up a new business venture and Kim told me you could help set up the retirement plan.” “Hi Shannon,” I said. “You’re going to like the good news I have for you. Thanks to a new set of changes in the rules called...
by David Gensler | May 2, 2023 | article, retirement plans
One of the best parts of my job involves knowing the answers to our clients’ questions. We all love to help others and that’s part of what motivates me to stay on top of any changes to the rules that effect retirement planning. Juan called me with an administrative...
by David Gensler | Apr 25, 2023 | article
More Good News courtesy of SECURE 2.0: There used to be a discrepancy between qualified employer sponsored retirement accounts and IRAs when it came to Required Minimum Distributions (RMD) for Roth accounts. For IRAs, Roth money was not subject to RMDs. However, if...
by David Gensler | Apr 18, 2023 | article
Check your former employees’ balances. You may find there are people you could not roll out before, but now you can. SECURE 2.0 has raised the mandatory rollover limit from $5K to $7K as of 2024. This means that if an employee has a vested balance of less than $7K you...
by David Gensler | Apr 11, 2023 | article
Retirement plans are described as “top-heavy” when business owners have more than 60% of the overall balance. And this meant many companies were faced with the following dilemma: Do I set the waiting period for my plan to one-year and make my new employees unhappy, or...
by David Gensler | Apr 4, 2023 | article
Get this! A rule on the books stated that if a married couple had two completely separate businesses and they had a minor child, those business would be considered linked for retirement plan purposes. If they did not have a minor child, those businesses would not be...
