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https://www.hklaw.com/en/insights/publications/2025/05/irs-proposes-key-changes-to-roth-catch-up-contributionsSECURE 2.0 introduced two notable changes to this system:
mandatory Roth treatment for catch-up contributions by high earners for taxable years beginning after Dec. 31, 2023
optional "super catch-up" contributions for participants ages 60 to 63 for taxable years beginning after Dec. 31, 2024
Even Congress isn't restricting retirement savings; see e.g. rforno's post above. What Congress has always done is to restrain the government's largesse by limiting contributions. That's far and away the larger restriction. And with its new "super catch up" provision, Congress is enabling earners to shelter of another $11K of assets that would otherwise sit in taxable accounts.Due to concerns that plan sponsors and recordkeepers would be unable to comply with the mandatory Roth catch-up requirement by the original deadline, Notice 2023-62 provided a transition period that delayed the effective date until Jan. 1, 2026 (although, a later effective date may apply for collectively bargained plans).
No FICA Wages, No Roth Mandate. Participants without FICA wages (e.g., partners who have only self-employment income) are not subject to the Roth requirement.
HOSIX vs BGHIX = so far away. The Sharpe tells it as clear as can be. BGHIX SD is so much higher.I wouldn't laugh. HOSIX earned basically it's coupon return plus a bit of capital appreciation since inception. Just a bit better total return compared to BGHIX since inception. What gives HOSIX it's high Sharpe is the low SD...but in comparing HOSIX to other funds since inception its NAV hardly declined at all even when other funds experienced significant DD. I can only attribute that to my assumption that HOSIX's assets are hard to value and probably not marked down on a daily basis. I could be wrong, of course, and that's why I'm considering the fund. Another issue is the small number of holdings. It has 129 holdings compared to 864 at JSVIX. A few defaults in HOSIX could be impactful, again think ZEOIX.
I don't think they do it that way all the time anymore. :-DCan SEQUX be far behind? It's up to 215~
Sequoia a whole 'nuther beast. While all OEFs can redeem in kind, Sequoia actually does this. As they wrote to the WSJ in 2016:https://www.wsj.com/articles/sequoias-redemption-with-securities-is-tax-efficient-1460583731For many years Sequoia Fund has clearly disclosed that we can and do pay large redemptions with securities rather than cash ...
We redeem with shares to benefit our continuing shareholders, who might otherwise pay capital-gains taxes on the sale of appreciated stock that might be required for redemptions. By redeeming in kind, our 20,000 continuing Sequoia shareholders will pay lower capital-gains taxes in the future. Our goal is always to be tax-efficient and to do what is right for continuing shareholders. For a departing shareholder, there is no tax or other consequence to receiving stock instead of cash, aside from the minor inconvenience of having to sell a security upon receipt. We take care to always deliver stocks that trade in sufficient volume so that the exiting shareholder can sell them immediately without depressing the market for a particular security.
https://www.wsj.com/articles/sequoias-redemption-with-securities-is-tax-efficient-1460583731For many years Sequoia Fund has clearly disclosed that we can and do pay large redemptions with securities rather than cash ...
We redeem with shares to benefit our continuing shareholders, who might otherwise pay capital-gains taxes on the sale of appreciated stock that might be required for redemptions. By redeeming in kind, our 20,000 continuing Sequoia shareholders will pay lower capital-gains taxes in the future. Our goal is always to be tax-efficient and to do what is right for continuing shareholders. For a departing shareholder, there is no tax or other consequence to receiving stock instead of cash, aside from the minor inconvenience of having to sell a security upon receipt. We take care to always deliver stocks that trade in sufficient volume so that the exiting shareholder can sell them immediately without depressing the market for a particular security.
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