Category Archives: Plan Participants

The BPAS Blog

Open Enrollment

Seven Things to Do During Open Enrollment

There’s still time to take advantage of everything that the open enrollment period at your workplace has to offer.

Nov 20, 2017

Open enrollment is coming to an end. But there’s still time to take advantage of everything that the open enrollment period at your workplace has to offer. Here are just seven...

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valid email address

You’re One in 2.7 Billion!

By keeping a valid email on file, we’re committed to making things more convenient and accessible for you.

Sep 19, 2017

No, that’s not your chances of winning the next big lottery. Chances are, you are one of the 2.7 billion email users in the world. As a participant, you may have...

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ira first time home buyer

Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – First Time Homebuyers Exemption

We show how first time home buyers can withdraw from their IRA to purchase a home.

Jul 20, 2017

Continuing in our series on exceptions to the 10% withdrawal penalty, we identify qualified first-time homebuyers as another exception. Rules This exception applies to IRAs only.  Employer Qualified Retirement plans are...

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Substantially Equal Periodic Payments

Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – Using Substantially Equal Periodic Payments

Continuing in our series on exceptions to the 10% withdrawal penalty, we highlight Series of Substantially Equal Payments (SEPP).

Mar 14, 2017

Continuing in our series on exceptions to the 10% withdrawal penalty, we identify series of substantially equal payments (SEPP). How It Works If distributions are made as part of a series...

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Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals. The Qualified Education Expenses Exemption

How to avoid paying the 10% penalty on Retirement Savings Withdrawals. The Qualified Education Expenses Exemption.

Nov 22, 2016

Continuing in our series on exceptions to the 10% withdrawal penalty on retirement savings, we highlight how to take advantage of the exemption for qualified higher education expenses.* Eligibility Qualified education...

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qualified domestic relations order

Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – Part 1 QDRO

Avoid Paying the 10% Penalty on Retirement Savings Withdrawals with a Qualified Domestic Relations Orders (QDRO). Applies to IRAs and tax reporting.

Sep 27, 2016

Using a QDRO to Withdraw Retirement Savings without a 10% Penalty There are numerous exceptions to the 10% penalty on retirement savings. In this series, we will help educate consumers on...

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Early Withdrawal Penalty

Five Ways to Withdraw Your Retirement Savings Early – Part 5

Exceptions to 10% penalty on early distributions from retirement accounts. Includes beneficiary distributions, Inherited Qualified Plan Assets & IRA Assets.

Aug 16, 2016

Use Beneficiary Distributions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. There are numerous exceptions to the 10% penalty on early distributions from retirement accounts. ...

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