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The DOL Fiduciary Rule and Erisa-Covered Retirement Plans

[Source: R. David Wentz, J.D., CHFC, Tax Favored Benefits, Inc., 07.2016 | Keywords: DOL, Employee Benefits, Retirement] On April 6, 2016 the Department of Labor released a new regulation generally referred to as the “Fiduciary Rule” which, under Employee Retirement Income Security Act of 1974, as amended (“ERISA”), will serve to significantly expand the activities which determine… Read More »

But, it’s MY Money! Hardship Withdrawals from Retirement Plans

[Author: Lesley Sifers, Tax Favored Benefits, Inc., 2010; R-2013 | Keywords: Human Resources, Retirement] There’s no doubt, times are tough and a lot of people, even those with steady jobs, are having trouble paying the bills. Perhaps a spouse has lost his/her job so the household income is lower. In general, things like gas and groceries are… Read More »