Browsing Tag
Treasury
12 posts
IRS Extends Deadline for Certain RMDs
The decision was made after commenters expressed concerns on challenges in implementing the final regulations
401(k) Industry Still Pleading for Delay in SECURE 2.0 Catch-Up Contribution Requirement
Heavyweight list of organizations urge government to delay change currently set for start of 2024 that could eliminate catch-up contributions; Treasury Department expected to issue guidance soon
Yellen Says Debt Limit Standoff Impacting TSP’s G Fund
Treasury Secretary sends letter to Congressional leaders saying the Treasury is unable to invest G Fund assets fully in U.S. interest-bearing securities as a result of the debt limit
Social Security Benefits Need 23% Cut in 2034 Without Action: CBO
New report outlines scenarios while senior Treasury department official warns cuts would “decimate” retirees’ standard of living
Majority Doubt They Will Receive Promised Social Security
New PlanGap study finds that Americans have many concerns about the future of Social Security, including the government’s ability to solve the issues
Treasury Facing Heat on Overdue Social Security Trustees Report
The Social Security Act requires that trustees’ reports for the Social Security and Medicare trust funds be issued…
IRS Delays Tax-Filing Deadline to Help Cope with Coronavirus: Updated
Clarification: Per CNBC. The Treasury is giving taxpayers a 90-day extension on paying taxes owed from 2019, but…
Treasury Department Proposes Longer RMD Age Calculations
Longer lifespans have the Treasury Department rethinking RMD calculations. The government body proposed revisions to the age that…
IRS: One Bad Apple Can’t Spoil a 401k MEP Bunch
One bad apple shouldn’t spoil the whole bunch. That’s the thinking behind the Treasury Department/IRS’s new proposed regulation…
Was myRA Misrepresented? Why the Trump Administration Killed the Program
Mark Iwry doesn’t like certain descriptions of the now defunct, about-to-be-revived myRA program, a high-profile part of the…