austin3515 Posted December 27, 2017 Posted December 27, 2017 I swear the other day when I went to congress.gov and searched the bill there was language in there about opening up hardships to other sources and eliminating the restrictions on 401k gains. I went back today, and nothing? Did that get nixed?? Austin Powers, CPA, QPA, ERPA
C. B. Zeller Posted December 27, 2017 Posted December 27, 2017 There were some changes to the hardship provisions in both the House and Senate versions but the final version of the bill made no change to the current law. There is a good comparison chart here: https://www.groom.com/wp-content/uploads/2017/12/Final_Comparison_Chart.pdf Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
austin3515 Posted February 9, 2018 Author Posted February 9, 2018 http://docs.house.gov/billsthisweek/20180205/BILLS- 115HR1892SAmdt2.pdf 41113 and 41114. Back in baby! Austin Powers, CPA, QPA, ERPA
XTitan Posted February 9, 2018 Posted February 9, 2018 For next year though. - There are two types of people in the world: those who can extrapolate from incomplete data sets...
austin3515 Posted February 10, 2018 Author Posted February 10, 2018 Plan years begining after 12/31/18. Actually perhaps this explains the delay. Recordkeepers rightly said they need more time to implement the change. This certainly gives everyone time to adjust their systems. Perhaps the voice of reason was there whispering in the Uncle Sam's ear... Austin Powers, CPA, QPA, ERPA
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