IRS Issues Proposed Regulations on SECURE 2.0 Catch-up Contributions
provides that 401(k), 403(b), and governmental 457(b) plan participants with FICA wages over $145,000 (adjusted for inflation) in the prior year can make age-based catch-up contributions only ... ), governmental 457(b), SARSEP, SIMPLE IRA, and SIMPLE 401(k) plans for employees age 60, 61, 62, or 63. This is referred to in this summary as the “super catch-up.” Section 117, which increases the contribution
MissionSquare Retirement Names Andrew Whiting as Senior Vice President and Chief Sales Officer
plans, including 457 and 403(b) retirement plans. As the head of Institutional Sales for MissionSquare Retirement, he led growth and development of direct sales, adding new institutional plan sponsors ... information, visit www.missionsq.org or follow the company on Facebook , LinkedIn , and Twitter . *As of June 30, 2023. Includes 457, 401, 403(b), Retirement Health Savings (RHS) plans, Employer
During Financial Literacy Month, MissionSquare Retirement Reaffirms Its Commitment to Strengthening the Financial Confidence and Economic Security of Public Service Employees
advice on their road to retirement. The research is clear that public service employees are wise to supplement their pensions with defined contribution savings accounts like 403(b) and 457(b) plans ... , and Twitter . *As of February 28, 2023. Includes 457, 401, 403(b), Retirement Health Savings (RHS) plans, Employer Investment Program (EIP) plans, affiliated IRAs, and investment-only assets
MissionSquare Advocates for Delay in Required Roth Catch-up Rules; Emergency Savings for Governmental Plans
the new optional “pension-linked emergency savings account”, which plan sponsors may add to their defined contribution retirement plans, applies also to governmental 457(b) plans. Effective in 2024 ... strongly advocated for legislation clarifying the use for 457(b) plans by tying the PLESA to the Internal Revenue Code instead of ERISA. Regardless of the future of the legislation, regulatory guidance
During America Saves Week, MissionSquare Reaffirms Dedication to Strengthening the Economic Security of Public Service Employees
to supplement their pensions with defined contribution savings accounts like 403(b) and 457(b) plans. Most public service employees have access to these savings plans, but many are not fully utilizing ... . For more information, visit www.missionsq.org or follow the company on Facebook , LinkedIn , and Twitter . *As of December 31, 2022. Includes 457, 401, 403(b), Retirement Health Savings (RHS) plans
The Pension Protection Act of 2006
final regulations Learn more about your MissionSquare Retirement administered plans: View summary information for participants: 457 | 401(a) Money Purchase | 401(k) Contact Plan
https://www.missionsq.org/plan-sponsors/plan-rules/pension-protection-act.html
Taking Required Minimum Distributions from Your Retirement Account
account balance, and whether you have one or more beneficiaries. RMDs must be withdrawn separately for each of your 401, 403(b), or 457 plan accounts. Try our RMD calculator to estimate your future
https://www.missionsq.org/for-individuals/education/required-minimum-distributions.html
Which IRA is Right for Me? (Roth vs. Traditional)
may be tax-free. You may generally move money from employer-sponsored retirement plans (401, 403(b), 457) and other IRA accounts to a traditional IRA without tax consequences. Eligibility
https://www.missionsq.org/products-and-services/iras/which-ira-is-right-for-me.html
Roth IRA Conversions: What Can Be Converted
retirement plans (e.g., 401(k) , 403(b) , and 457(b) assets) Traditional IRAs SEP IRAs SIMPLE IRAs (after the account has been held for at least two years) Do I Have to Convert 100% of My
https://www.missionsq.org/products-and-services/iras/roth-ira-conversions.html
IRA Contribution Recharacterization Rules
, 2023 (with extended filing) to make the recharacterization before filing your taxes. Moving your assets from a traditional IRA, 401(k), 403(b), or 457(b), into a Roth IRA (called a Roth conversion
https://www.missionsq.org/products-and-services/iras/ira-recharacterization.html