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Pension Changes In The 2018 Budget Act /

The Bipartisan Budget Act of 2018 was signed into law on February 9, 2018. There are several provisions in this act that affect pension plans, but the most notable changes are those relating to hardship distributions. There are three changes to the hardship rules contained in the Budget Act. Good news: they are all helpful […]

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Retirement Plan Provisions in the New Tax Law /

New tax laws often include provisions that relate to retirement plans. The new tax law passed in December 2017 is no different. Often, the changes are not favorable to retirement plans, because Congress has a nasty habit of cutting back the tax benefits of retirement plan benefits and contributions to make up for tax cuts […]

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“Do you know where your participants are?” /

Those of us who have been around since the late 1960s remember the iconic television public service announcement that was preceded an announcement of the time: “It’s 10 p.m., do you know where your children are?” The implication was that if you didn’t know where your children were, perhaps your parenting skills needed improvement and […]

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Preferred Pension Planning Corporation to Participate in Charity Event /

On Oct 7, Preferred Pension Planning Corporation (PPPC) will take part in the American Heart Association’s Central New Jersey Heart Walk. The event will take place at Arm & Hammer Park in Trenton, NJ. Participants will have the option between a one-mile or three-mile walk to raise funds for heart disease and stroke research. Heart […]

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Is Your Pension Money Protected From Creditors? /

If you owe money to a credit card company, bank, or other creditor, can they attach your pension or 401(k) account? In other words, can they take what you owe them out of your pension account before you receive it?  In most cases, the answer is a definite “NO.”  Pension plans covered by ERISA (the […]

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