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July 11th, 2023 Information & Insights for the 403(b) Community District Court Rejects Class Certification in Remanded Case Against TIAA The proposed class of participants in Washington University in St. Louis retirement plans was rejected by the same judge who initially approved it in 2020. Jury Delivers Win To Yale With 403(b) Lawsuit Verdict A jury decided almost entirely in the university’s favor in the nearly seven-year lawsuit. Ask the Experts When Can Participants Make Tax-Free Withdrawals of Roth Assets? Q: Our 403(b) plan allows for Roth conversion. We had a 58-year-old participant recently commence Roth deferrals and also make a Roth conversion at the exact same time. Our plan allows for in-service distributions at age 59 ½. Can our participant make a tax-free distribution at that age, or must he wait until the expiration of his five-year holding period at age 63? Gen Xers Profess Low Retirement Confidence, Concerns About Guaranteed Income As many in the generation worry they cannot rely on Social Security or a pension for lifetime income, Gen Xers fear their savings will be insufficient in retirement, according to IRI research. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850