RPAMatters

Last month, we posted an article explaining a warning from the DOL against adding crypto assets to retirement plans. Today, Fidelity announced it would begin offering the option later this year. This is a major announcement that may affect the whole industry in a meaningful way.

https://www.cnbc.com/2022/04/26/fidelity-offers-401k-investors-access-to-bitcoin-a-retirement-plan-first.html #:~:text=Fidelity%20Investments%20said%20Tuesday%20it,accounts%20by%20mid%2Dyear%202022.

Fidelity is offering 401(k) investors access to bitcoin, the first retirement plan provider to do so Fidelity Investments will enable investors to put bitcoin in their 401(k)s, the first retirement plan provider to offer crypto for retirement savings.

Have you (or your participants) taken their RMDs yet? The deadline is approaching.

April 1 is Last Day for New Retirees to Take RMDs For retirees who turned 72 during the last half of 2021, in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.

Is it too late to establish a 2021 retirement plan?

Is it too late to establish a 2021 retirement plan? In years prior to 2020, owner-only businesses had to establish and adopt a self-directed solo 401(k) before the end of the business year, based on the fiscal year for the company. The Secure Act provides more time for owner-only businesses to establish a plan. With the passage of the SECURE Act (Set...

The IRS has published updated limits for retirement plans for 2022. See the link below for more details.

Contribution Limits | Retirement Matters This information is provided as a courtesy and is not designed to be all encompassing. It is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation.