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NAPA Net Daily

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The IRS recently made it easier (and less costly) to fix certain operational issues without the need for an IRS filing or payment of a user fee. This week, a reader asks: “Do your clients use the DOL and IRS correction programs?”  If you missed it, the IRS made it a truly “good” Friday when, in a... READ MORE
Amid rising demand for low-fee options, target date providers are responding by offering inexpensive options like collective investment trusts or launching new lower-cost series that rely on passive funds. And even though assets in target-date mutual funds shrank in 2018 for the first time since... READ MORE
In a new study of low- and moderate-income workers at employee-owned companies, researchers affirmed that employee stock ownership plans (ESOPs) enable families to significantly increase their assets, helping to shrink gender and racial wealth gaps. The three-year research project conducted by the... READ MORE
Private equity firm Reverence Capital Partners has announced that affiliated investment funds have signed a definitive agreement to acquire Advisor Group, Inc. Headquartered in Phoenix, Arizona, Advisor Group, Inc. is one of the nation’s largest networks of independent financial advisors serving... READ MORE
If you think you’ve had a bad week, just remember — it could have been worse. Check out what happened to these guys (and gals)… In Melbourne, Australia, Bradley Vogt, 28, for unknown reasons decided to flood the building where he lived…by opening a fire hydrant…well, more than one fire hydrant,... READ MORE
Despite a rocky end to 2018 and predictions of an impending recession, those who stayed the course with their 401(k) were rewarded with a generous first quarter rebound and even more impressive 10-year totals on the anniversary of the stock market low. Buoyed by positive stock market performance... READ MORE
Last week Secretary of Labor Alexander Acosta appeared to confirm that the Department of Labor will issue a new fiduciary rule. This week, we asked readers to weigh in on that prospect – and its prospects. Remember that after the 5th U.S. Circuit Court of Appeals struck down the DOL’s previous... READ MORE
New proposed legislation could help close the retirement savings coverage gap — and you can help make it a reality. Small business owners face real challenges – costs, administrative burdens and increased liability for mistakes – in the decision to provide retirement benefits for their workers. ... READ MORE
UPDATED: May 15, 2019 Many pre-retirees still don’t understand how Social Security works and significantly overestimate how much they will receive, suggesting a need for financial advisors to discuss optimizing benefits with their clients. In fact, future retirees expect to receive $1,805 a month... READ MORE
The key Senate committee with jurisdiction over retirement tax policy issues is turning its attention to reviewing proposals that encourage and facilitate retirement savings.  Sen. Charles Grassley (R-IA), Chairman of the Senate Finance Committee, has announced that the Committee will hold a... READ MORE

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