What should plan sponsors consider when examining alternative investments as an in-plan investment option? by Jessica Johanson, CIMA®, CRPS® What’s Driving DC Plans’ Interest in Alternatives? Although Defined Benefit (DB) plans have included alternative investments...
Last year, employers and retirement plan providers had to learn and understand the implications of new provisions, especially those effective immediately, including a change in the required minimum distribution age from 72 to 73 and that will continue to change to age...
Is there anything your 401(k) plan can't do? It allows for tax-deferred earnings in traditional accounts and tax-free earnings in Roth-style accounts. And traditional plans enable you to make contributions in pretax dollars, helping to reduce your taxable income. It...
Companies can face lawsuits related to their 401(k) plans for various reasons. Some of the main reasons why companies are sued over their 401(k) plans include: 1. Excessive Fees and Expenses: One common reason for lawsuits is allegations that the company's 401(k) plan...
J.P. Morgan recently released their 2023 DC Plan Sponsor Survey. The survey covered many of the major areas of employer retirement plans which included financial wellness, plan design, investment options and retirement income. One of the interesting statistics that I...
Social Security is a key part of retirement planning and it needs to be part of the planning conversations before you retire and make any irreversible decisions regarding Social Security income. Photo by Kenny Eliason on Unsplash Social Security is the closest thing...
The significant retirement legislative package known as “SECURE 2.0” was passed on December 23, 2022 as part of the 2022 omnibus appropriations bill. The legislation is an important step forward in providing more Americans with greater retirement security. The 350+...
CREATE THE PLAN YOU NEED FOR THE RETIREMENT YOU WANT Define your goal and craft a plan A retirement plan doesn’t have to be daunting—it’s important to just get started. This chart can help you determine if you are generally on the right path using the assumptions...
Retirement planning tips and resources that everyone can use Knowledge is retirement power Looking to reduce your taxes? It’s always good to remind yourself that your workplace retirement plan offers one of the best tax breaks available. That’s because your...