Quick Hits Effective January 1, 2026, Connecticut employers with eleven or more employees must provide paid sick leave to all non-seasonal employees, with a full extension to employers of any size expected on January 1, 2027. Connecticut’s maximum weekly Paid Family and Medical Leave increases to $1,016.40 in 2026 while the employee contribution rate remains … Read more
Starting this year, high-income Americans age 50 and older face a change in how they can make additional contributions to their retirement plans, with new rules requiring some to pay taxes on those funds early. New Donation Rules Under the new law, introduced under the SECURE 2.0 Act of 2022, workers age 50 or older … Read more
The 55-year-old partner at an AmLaw 100 firm sits on $1.8 million in a 401(k), earns $800,000 a year, and has been putting money into a Partial Repayment plan for a decade. On paper, the retirement picture looks simple, but a deferred tax liability of hundreds of thousands of dollars is piling up in the … Read more
US President Donald galaotega of the Department on Monday revealed a proposal that would accept private equity and cryptocurrency investments in the 401(k) plans of Americans, the culmination of an aggressive Wall Street lobby push to leave the savings of millions of retirees vulnerable to swings in the so-called “other assets.” The proposed rule, which … Read more