IRS Issues Two Pieces of Guidance Related to SECURE 2.0
and Internal Revenue Service (IRS) issued two pieces of guidance clarifying various provisions of the SECURE 2.0 Act of 2022, the comprehensive retirement policy legislation that included provisions supported ... of the significant retirement access law signed into law late last year. The Notice addressed a dozen issues in a question-and-answer format, under numerous sections of SECURE 2.0: Expanding automatic enrollment in retirement plans (Section 101) Start-up credit enhancement (Section 102) Military spouse retirement plan eligibility credit for small employers (Section 112) Small immediate
IRA vs. Brokerage Account: What's the Difference?
retirement account or IRA is a long-term investment account that allows you to make contributions up to a certain limit. If you’re younger than 50 years old , your maximum IRA contribution for 2025 ... . Is a Brokerage Account a Retirement Account? It can be, depending on how you treat the account. But retirement accounts are generally long-term, wealth-building assets whereas brokerage accounts may ... . And of course, there are no withdrawal requirements for a brokerage account. If your intention is to invest for retirement, however, financial professionals generally recommend funding in this order
Rollovers by Non-Spouse Beneficiaries
, Explanation 9). 9. Rollovers by nonspouse beneficiaries (sec. 402 of the Code) Present Law Tax-free rollovers Under present law, a distribution from a qualified retirement plan, a tax-sheltered annuity ("section 403(b) annuity"), an eligible deferred compensation plan of a State or local government employer (a "governmental section 457 plan"), or an individual retirement arrangement (an "IRA ... on account of hardship. 176 Distributions to a participant from a qualified retirement plan, a tax-sheltered annuity, or a governmental section 457 plan generally can be rolled over to any of such plans
Student Debt Is a Major Source of Economic Stress for U.S. Public and Private Sector Workers, New MissionSquare Research Institute Study Finds
to attract and retain talented employees. The organization identifies leading practices and conducts research on retirement plans, health and wellness benefits, workforce demographics and skill set ... and access to research and publications are available at research.missionsq.org . About MissionSquare Retirement Since our founding in 1972, MissionSquare Retirement has been dedicated to simplifying the path to retirement security for public service employees. As a mission-based, nonstock, nonprofit financial services company, we manage and administer over $80.5 billion in assets.* Our commitment
Recruitment Challenges Easing for State and Local Governments, New Report Finds
talented employees. The organization identifies leading practices and conducts research on retirement plans, health and wellness benefits, workforce demographics and skill set needs, labor force development ... and publications are available here . About MissionSquare Retirement Since our founding in 1972, MissionSquare Retirement has been dedicated to simplifying the path to retirement security for public service employees. As a mission-based, nonstock, nonprofit financial services company, we manage and administer over $78.5 billion in assets.* Our commitment to delivering results-oriented retirement
MissionSquare Research Institute Identifies Six Workforce Trends to Watch in 2023
depending on their life stages or economic circumstances. 3. Maintain Retirement Plan Funding While 2021 data showed steady funding for retirement plans, 2022 brought significant economic volatility ... of retirement plans supports the dual goals of long-term fiscal stability and leveraging retirement plans to serve as effective workforce recruitment and retention tools. 4. Restructure the Workforce ... and local government and other public service organizations to attract and retain talented employees. The organization identifies leading practices and conducts research on retirement plans, health
Loss of a Loved One
Loss of a Loved One Loss of a Loved One Please accept our sincere condolences. You may be faced with making important decisions and managing numerous priorities at this time, including financial matters. We encourage you to take the time you need to make the decisions that are right for you. Loss of a Loved One MissionSquare Retirement is dedicated to serving public sector ... is less than $100,000. Resources Beneficiary Support Guide At-a-Glance Beneficiary Checklist Distribution Rules for Inherited Retirement Plan Assets Rules When Inheriting an IRA
https://www.missionsq.org/for-individuals/loss-of-a-loved-one.html.html
Diversity, Equity, Inclusion, and Belonging
Diversity, Equity, Inclusion, and Belonging Diversity, Equity, Inclusion, and Belonging Learn about MissionSquare's commitment to diversity, equity and inclusion. More than 60% of our employees, executives and board are women or people of color. Diversity, Equity, Inclusion, and Belonging At MissionSquare, we have a long-standing commitment to the diverse communities and people that we serve. Founded in 1972, we made retirement plans portable for the public sector, revolutionizing our industry and creating greater equity in access to retirement savings. Today, we continue
Market Insights
through automatic contributions to your retirement savings plan helps you invest for your future through dollar-cost averaging. Market Timing vs. Time in the Market Over ... investments site for financial professionals . How to Save for Retirement Through Market Uncertainty Selling out of the market when it drops could mean missing out on an opportunity
https://www.missionsq.org/products-and-services/market-insights.html
401(h) Retiree Health Accounts
401(h) Retiree Health Accounts 401(h) Retiree Health Accounts A 401(h) Retiree Health Account paired with a 401(a) Money Purchase Plan helps you save money for medical expenses on a tax-free basis. Learn more. Learn more about 401(h) Retiree Health Accounts For further plan information, contact MissionSquare Retirement or your employer's benefits office. The 401(h) Retiree Health ... benefits when they are eligible under the pension plan to receive retirement benefits, or else be retired by an employer providing such medical benefits by reason of permanent disability. a/7446
https://www.missionsq.org/products-and-services/401(h)-retiree-health-accounts.html