The Markets It was a short week, but it wasn’t quiet. Oil prices moved higher, according to The Wall Street Journal, after the U.S. Energy Information Administration reported crude-oil inventories fell unexpectedly last year. Analysts had predicted oil supplies would rise. One expert cited by The Wall Street Journal ...
December 28, 2015Fredrick Livingston
The Markets After a level of hype, that would have exhausted even the most dedicated Star Wars fans, the Federal Reserve finally began to tighten monetary policy last week, raising the funds rate from 0.25 percent to 0.50 percent. Although financial markets appeared sanguine when the rate hike ...
December 21, 2015Fredrick Livingston
The Pension consultants on the Planmark Resource Desk regularly receive calls on a broad array of technical topics related to IRAs and qualified retirement plans. A recent call with a plan advisor in Tennessee is representative of a common question related to the One-Rollover-Per-Year rule. The advisor asked: “Are ...
December 16, 2015Fredrick Livingston
The Markets It’s not like it’s a surprise! Last week, investors didn’t appear to be thrilled with the possibility the Federal Reserve might raise rates this week. They also weren’t too impressed by another drop in oil prices. There was red ink everywhere as markets from Australia to ...
December 15, 2015Fredrick Livingston
The Markets Anyone looking at U.S. stock market performance last week might assume it was a pretty quiet week. They would be wrong. It was a very bouncy week. U.S. stock markets moved lower on Monday, rebounded on Tuesday, and then appeared to suffer a one-two punch ...
December 8, 2015Fredrick Livingston
A recent call with a plan advisor in Tennessee is representative of a common question related to the One-Rollover-Per-Year rule. The advisor asked: “My client just rolled over his 401(k) plan to an IRA. Is he prohibited from doing another rollover this year under the new rule?” Highlights of Discussion The one-rollover-per-12-month rule does ...
December 2, 2015Fredrick Livingston
The Markets American markets were relatively quiet during Thanksgiving week but there were fireworks in China’s markets. Late in the week, media outlets reported the China Securities Regulatory Commission was conducting inquiries into several securities firms as part of an anti-corruption crackdown triggered by last summer’s wild market ...
November 30, 2015Fredrick Livingston
Maximum Benefit and Contribution Limits TYPE OF LIMITATION Calendar Year 2015 Calendar Year 2016 401(k), 403(b) and 457 Deferral Limit $18,000 $18,000 401(k), 403(b), and ...
November 25, 2015Planmark Administrator
The Markets Financial markets were remarkably calm last week. Many stock markets in the United States, Europe, and Asia moved higher as investors chose to focus their attention on the minutes of the October 27-28, 2015 Federal Open Market Committee (FOMC) meeting, which were released on Wednesday, rather ...
November 23, 2015Fredrick Livingston
A recent call with a plan trustee in Georgia is representative of a common question related to employees wanting money from their 401(k) account. The Trustee asked: "One of our employees has a vested account balance in the 401(k) plan and has decided that he wants to take his money out ...
November 18, 2015Fredrick Livingston