On 11/9/2018 the IRS released proposed amendments to the 401(K) Plan Hardship Distributions regulations. These amendments result from the Tax Cuts & Jobs Act of 2017 (Tax Act) and the Bipartisan Budget Act of 2018 (Budget Act). The proposed regulations include revisions to the rules for
New Fiduciary Rule Effectively “Killed”
We previously reported that due to a Presidential Memorandum issued on 2/3/17, the Dept. of Labor has granted a 60 day extension to the application of the fiduciary rule and exemptions known as BICE (Best Interest Contract Exemption). The Fiduciary Rule was to go into effect 4/10/2017 but will now