Blog

New Legislation Makes it Easier to Save for Retirement

April 25, 2019

New Legislation Makes it Easier to Save for Retirement

On April 1, 2019 the Senate Finance Committee introduced the Retirement Enhancement and Savings Act (RESA) of 2019, which mirrors the House Ways & Means Committee’s SECURE Act of 2019 that was unanimously approved in a vote by that committee.

With both acts receiving bipartisan support this is the best opportunity for retirement security legislation to pass Congress in more than a decade.

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401(k) Investors Could Pay Tax Aimed At Wall Street Traders

March 7, 2019

401(k) Investors Could Pay Tax Aimed At Wall Street Traders

It’s hard to imagine Congress wanting to tax Americans who are diligently saving for retirement by investing automatically into their company retirement plans, but that’s what a newly proposed “transaction tax” appears to do.

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New Rules for Hardship Distributions

March 4, 2019

New Rules for Hardship Distributions

When an employee participating in their company’s 401(k), 403(b), or Profit Sharing Plan has a financial need, most plans have a participant loan provision. If the financial need amounts to an “immediate and heavy financial need,” the plan can allow for a hardship distribution.

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Deductibility Deadlines

February 5, 2019

Deductibility Deadlines

To deduct the employer contributions made to your company retirement plan for any given year, plan contributions must be deposited no later than the due date (including extensions) of your federal tax return. Below is a summary of the deadlines for a calendar year tax filer.

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5th Annual BEI Golf Classic

January 28, 2019

5th Annual BEI Golf Classic

Join BEI for Orange County's Premier Financial Advisor Event
You Won't Want to Miss It!

This year’s golfing event attendance is anticipated to be our largest ever with over 100 golfers being invited.
Trophies will be awarded to the top team for the longest drive, closest to the pin, and putting contest, along with a great BBQ lunch.
Don’t forget, there will be a chance to win silent auction items and bid on several opportunity drawings as well!

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