Erik Leighton, Author at Axia Advisory

Understanding the HSA: Frequently Asked Questions

Apr 6, 2018 | Benefits

One tax-efficient way to save for retirement healthcare expenses is through a Health Savings Account (HSA) coupled with a High Deductible Health Plan (HDHP). Even though the HSA savings vehicle was created in 2003, it has generally been misunderstood and is just...

When Should You Claim Your Social Security Benefit?

Aug 3, 2017 | Benefits

The three-legged-stool is an old adage depicting the historic inputs for a retirement income stream. The three legs are Social Security, employer pension, and personal savings. Today, we are focusing on the Social Security leg. First, some quick facts from the...

DOL Fiduciary Rule Takes Effect

Jun 20, 2017 | Legislative, Retirement Plans

On June 9, 2017, the Department of Labor’s Fiduciary Rule went into effect. The rule, also known as the Conflict of Interest Rule, expands the fiduciary definition under the Employee Retirement Income Security Act of 1974 (ERISA). In the simplest terms, the DOL...

Trump Orders DOL to Re-Examine Fiduciary Rule

Feb 6, 2017 | Legislative, Retirement Plans

The future of the Department of Labor’s Fiduciary Rule is in limbo following a memorandum released last Friday by President Trump. While a draft memo released earlier in the day delayed the implementation date by 180 days, the final memo did not contain such...

Retirement Plan Limits Announced for 2017 Tax Year

Nov 3, 2016 | Benefits, Legislative, Retirement Plans

On October 27, 2016, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. Highlights of Limitations That Remain Unchanged From 2016: The contribution...