Lori H Posted April 25, 2017 Posted April 25, 2017 Apparently a business is dropping their SIMPLE IRA due to new legislation? I have not heard of any adverse tax consequences. Can anyone confirm?
Belgarath Posted April 26, 2017 Posted April 26, 2017 Only a guess here - some brokers/salespeople who do not wish to comply with the DOL's fiduciary rules are getting out of qualified plan business - for some of them, it was only a sideline and it isn't (apparently) worth their time or assuming responsibility or risk or whatever to continue to sell the products funding the qualified business. If it is some other tax/legislation, like you, I've never heard of it.
Flyboyjohn Posted April 26, 2017 Posted April 26, 2017 There have been proposals to consolidate/simplify the various retirement savings programs (401k/403b/SIMPLE, etc.) but nothing concrete yet
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