TRA MAKES NEWS HAPPEN

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  CASE OF THE WEEK – 1035 Exchanges

  March 29, 2024 - A 1035 exchange is a tax-free transfer of funds from one life insurance or annuity policy to another. It allows policyholders to swap their existing policy for a new one without incurring tax liabilities. While typically associated with life insurance and annuity contracts, it doesn't directly apply to 401(k) plans, which are retirement savings accounts sponsored by employers. However, certain annuity contracts within a 401(k) plan may be eligible for a 1035 exchange if they meet specific criteria outlined by the IRS. Continue
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  PRESS RELEASE – TRA Bolsters Distribution Team Across Rocky Mountain Region

  March 19, 2024 - Experienced Retirement Planning Consultant Elevates TRA Team APPLETON, WI (March 19, 2024) – The Retirement Advantage, Inc. (TRA), an independently owned, nationally recognized retirement services company, is thrilled to announce the addition of Chase Meitler to their team as the newest Regional Plan Consultant (RPC). Meitler will be responsible for overseeing a territory that includes Colorado, Montana, North & South Dakota, Nebraska and Wyoming, reporting... Continue
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  CASE OF THE WEEK – Remote Witness

  March 8, 2024 - In today's increasingly mobile world, plan participants have the flexibility to use compliant electronic media for making their elections and spousal consents, if permitted by the plan document. Continue
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  CASE OF THE WEEK – March 1st and Excess Salary Deferrals

  March 1, 2024 - Discover why March 1st holds significance for managing excess deferrals in a 401(k) plan. Contrary to common belief, corrections for excess deferrals typically need to be made by March 1st, not April 15th. Understand the importance of this date in ensuring compliance and avoiding penalties. Continue