FAQ’s: If an employee is still working at age 70 1/2, must he or she take a required minimum distribution?

The answer is no. A participant who has terminated employment and attained age 70 1/2 is required to begin taking minimum distributions, known as required minimum distributions (RMDs). More-than-5 percent owners who have attained age 70 1/2 are required to begin taking minimum distributions even if they are still employed. This RMD rule is sometimes Read More »

Establishing Your Retirement Plan Committee Charter

As retirement plan consultants we strongly encourage our clients to formally establish a Retirement Plan Committee. The establishment of a Committee may be formalized by adopting a Retirement Plan Committee Charter. This Committee Charter helps to protect the named fiduciary, typically the Board of Directors, by delegating certain identified fiduciary responsibilities to the Committee. It Read More »

Frequently Asked Questions

Article Source:  Retirement Plan Advisory Group (RPAG) RPAG is a the nation’s leading practice management platform for serious advisors.  As a professional alliance of accomplished advisors, RPAG delivers a higher-level of strategies, systems and services to drive business growth Alpha Omega is proud to be a member of RPAG and is pleased to utilize RPAG’s capabilities for our retirement plan advisory services.   Q: What Read More »

IRS Adopts “State of Celebration” Rule Regarding Same-sex Marriages

Article Source:  Retirement Plan Advisory Group (RPAG) RPAG is a the nation’s leading practice management platform for serious advisors.  As a professional alliance of accomplished advisors, RPAG delivers a higher-level of strategies, systems and services to drive business growth  Apha Omega is proud to be a member of RPAG and is pleased to utilize RPAG’s capabilities for our retirement plan Read More »