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Planning for Qualified Plan and IRA Distributions

It is too easy to focus only on complying with the rules regarding required minimum distributions (RMD). Your planning should encompass not only distributions upon death, but should also include a lifetime distribution strategy that is coordinated with your estate plan.

SECURE 2.0 and Exceptions to the Early Distribution Penalty

Before taking any distribution prior to age 59½, every participant and IRA owner should review the available exemptions from the premature distribution penalty and confirm that an available exemption applies.

2022 Agent and Broker Mergers and Acquisitions: 17% Decline

2022 mergers and acquisitions among insurance agencies and brokers in the U.S. and Canada declined 17% from the record set in 2021.

New Requirements & Fees for Foreclosure Actions in Erie

On January 18, 2023, Erie City Council passed “Erie City Official Ordinance 3-2023” which will create a new series of requirements and fees for lenders instituting foreclosure actions and owners of vacant houses located in the City of Erie.

New Year: Check Your Information!

The New Year is the perfect time to check your estate planning documents and beneficiary designations.

FTC Proposes New Ban on Non-Competes

On January 5, 2023, the Federal Trade Commission (FTC) published a proposed rule that would prohibit employers from enforcing and imposing non-compete agreements on workers. It is debatable whether a final rule will ultimately be published.

Highlights of SECURE 2.0 Act

As highly anticipated, the U.S. Congress passed SECURE 2.0 in late December 2022. Following is an overview of certain provisions with which retirement plan sponsors and custodians will want to become familiar. Some, if not all of these changes will call for interim plan amendments which as of now are not required until the last day of the plan year beginning on or after January 1, 2025 (or 2027 for governmental plans).

Agent and Broker Mergers & Acquisitions: 3rd Quarter 2022 Activity

The Q3 2022 Merger & Acquisition Update prepared by Optis Partners shows 554 property and casualty related transactions in the U.S. and Canada for the first three quarters in 2022 as compared to 644 transactions in the first three quarters of 2021.

Legislative Alert: PA Act 122: Entities Required to File Annual Reports Starting in 2024

Pennsylvania Act 122 of 2022 amends Title 15 of the Pennsylvania Consolidated Statutes dealing with Corporations and Unincorporated Associations, which now requires an annual report filing for various entities organized or authorized to do business in Pennsylvania.


The road to financial freedom and peace of mind is not always smooth. The following are ten reasons to hire an experienced elder law attorney to navigate long-term care and Medicaid issues.

RMD Relief for Certain Post-Death Distributions

Because of the delay between the passage of the SECURE Act and the timing of the proposed regulations and the divergence of guidance regarding the manner in which the 10-year rule would be applied to the post-death RMDs, the IRS issued Notice 2022-53 on October 7, 2022 to provide some relief.

2023 Dollar Limitations on Benefits and Contributions

With the release of Notice 2022-55 the IRS has announced the cost-of-living adjustments for pension plans and other related items for the 2023 tax year.

EEOC Updates “Know Your Rights” Poster

The EEOC has just announced the release of the updated poster, “Know Your Rights: Workplace Discrimination is Illegal.” Employers are legally required to display this poster in “a conspicuous location in the workplace where notices to applicants and employees are customarily posted” or face possible penalties.

What Happens If You Don't Have an Estate Plan?

Everyone with assets should have an estate plan. If you die without a will in Pennsylvania, there are pre-determined rules concerning what happens to your assets.

Compliance for Improperly Forgiven PPP Loans

The Internal Revenue Service has issued IR-2022-162 to provide guidance addressing the improper forgiveness of a Paycheck Protection Program loan (PPP loan).

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