GLG News by Pension Accounting Specialists

Most accountants and financial advisors are going to have to face an IRS $200,000 fine for note reporting with the IRS. These plans are sold by most insurance agents.

This article suggests that it might be better to buy a life insurance policy with after tax dolloars instead of buying a retiremaent plan. There are many benefits to useing a life insurance policiy as a Roth alternative

The General Motors VEBA will not work. Based on the information that I have received, there is no way that the union will ever accumulate enough money to pay for the increasing cost of health insurance. Based on my projections the GM union VEBA will run out of money within twenty years....

This is a very important article that deals with the IRS crackdown on all retirement plans.

This article is the best summary to date of the FASB's new standard on fair value accounting.  FAS 157 is an important standard.  First, it allows (but doesn't require) companies to abandon historical cost for a broad range of financial assets and liabilities.   It also reflects...

Institutional investors must ask hedge funds how they are assessing counterparty risk and what that means in terms of collateral management.

The article shows why the recent problems in global credit markets can have accounting effects that go far beyond the banks and other players directly touched by the crisis.  It also highlights the areas that financial statement readers should be wary of when accessing the possible effects of the...

1.  Countries adopting IFRS are not always adopting the same standards.  If you look closely, the term "as adopted' is being used a lot (e.g., China).  What that means is countries are adopting IFRS in principle, but are differing on interpretation and actual application/practice. 2. ...

1. Plan sponsors should take a leadership role in promoting best practices and good pension governance. 2. Pension fiduciaries should embrace accountability and transparency. 3. Arguments against excessive government regulation apply today as well as they did fifty years ago when Atlas Shrugged was...

The reduction of the PBGC's deficit reduces pressure on Congress to take action that could impact corporate values.   Such action would most probably hurt corporate value by adversely affecting cash flow and risk.