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Find your passion, advised Kent Schutte, president of EFS Advisors, and build your business around it. Schutte’s breakout session, “Becoming the Go-To Advisor,” was a Day 2 highlight of the 2014 NTSA 403(b) Summit in Washington. “Our company’s passion is educators,” said Schutte. “They’re... READ MORE
“High tech and high touch” characterizes the approach of Generations X and Y’ to financial planning and advice. Greenwald & Associates Research Director Lisa Schneider delivered that message to attendees at the NTSA 403(b) Summit on June 23. While younger workers are tech-savvy, they also want... READ MORE
“They cannot beat us when we work together!”, NTSA Executive Director Chris DeGrassi exhorted attendees at the June 22 opening general session of NTSA’s 403(b) Summit in Washington, D.C. DeGrassi and Associate General Counsel/Director of Government Affairs Ronald J. Triche provided a summary of... READ MORE
Tulane University’s Peter Ricchuiti, the world’s only stand-up comedian currently employed as a professor of economics, paints an optimistic picture of the current and future economy and the resulting impact on the financial markets. Delivering the keynote address of the NTSA 403(b) Summit to a... READ MORE
Kristi Cook, co-author of the 403(b) bible, The Source, launched her leadoff workshop session at this year’s NTSA 403(b) Summit June 22 with an anecdote: Her husband, a college professor, asked her if she thought maybe he could retire and what they might need in retirement. So Cook became the... READ MORE
The National Tax-deferred Savings Association (NTSA) recognized eight 403(b) plan advisors as recipients of the inaugural “NTSA Elite Advisors Award” at the annual NTSA 403(b) Summit June 22. The award recognizes plan advisors who have done the most to help individual plan participants accumulate... READ MORE
Asset International, the company that owns PLANSPONSOR and PLANADVISER, was acquired June 20 by Genstar Capital, a leading middle market private equity firm that focuses on investments in targeted segments of the financial services, software, healthcare, and industrial technology industries. Austin... READ MORE
A measure that would reform the pension system serving the Keystone State’s public-sector employees is coming closer to a vote. HB 1353, introduced by Rep. Mike Tobash (R-Schuylkill/Berks), would offer a new hybrid plan to new employees and seeks to reduce the burden the system places on... READ MORE
In spring 2013, a nationwide wave of class action lawsuits were filed against five large hospital systems claiming affiliation with the Catholic Church. The claims were all the same: The defined benefit pension plans sponsored by the hospitals were not eligible for the church plan exemption under... READ MORE
If the holder of a Roth 403(b) is over age 59½ and has held his account for more than five years, is the plan administrator required to withhold 20 percent for federal income tax since the distribution is eligible to be rolled over?  In Tech Talk, Ellie Lowder says yea or nay.  READ MORE
Funds held in inherited IRAs are not retirement funds and must be included in a bankruptcy estate, the U.S. Supreme Court ruled June 12. The Court’s 9-0 ruling in Clark v. Rameker, No. 13-299 (U.S. 6/12/14), aff’d 714 F.3d 559 (7th Cir. 2013)) was definitive in drawing a distinction between... READ MORE
The Millennial generation views benefits, especially retirement plans, very differently than older generations do — a trend that will reshape key aspects of the relationships among participants, plan sponsors and advisors. In a fascinating article in the latest issue of Benefits Quarterly magazine... READ MORE
Many sobering reports have been issued regarding the degree to which U.S. workers are preparing — or not — for retirement. The Bipartisan Policy Center’s (BPC) Personal Savings Initiative (PSI) may not be the first effort that seeks to help turn the tide of poor savings rates, but it has heft and... READ MORE
If a client is age 72, and has worked for three years for an employer that offers a 457(b) plan, what are the rules regarding when he can retire with an unreduced benefit? In Tech Talk, Ellie Lowder explains what he needs to do and whether any catch-up contributions are possible.  READ MORE
How can a plan participant determine how much can safely be withdrawn from an account after retirement? What is your clients’ risk tolerance? Find out at the 2014 NTSA 403(b) Summit, to be held in Washington, D.C., June 22–24.  Michael Kitces, a financial planner, commentator, speaker and educator... READ MORE
The U.S. Supreme Court issued its decision in U.S. v. Windsor — in which it said that retirement plans must treat a same-sex spouse just they would any other spouse for purposes of benefits under the retirement plan — one year ago, on June 26, 2013. That makes this an opportune time for Ellie... READ MORE
The federal government and U.S. workers agree that the Affordable Care Act (ACA) — a.k.a. Obamacare — will affect the timing of retirements. However, IFAwebnews reports that there’s a wide gap between what the government and many workers expect that effect to be, according to a survey conducted... READ MORE
Simplified investment platforms are becoming more common for 403(b) plans, and target date funds are among the most widespread investment options, according to the Plan Sponsor Council of America’s sixth annual 403(b) plan survey. The Principal Financial Group sponsored the study. Aaron Friedman,... READ MORE
Have you ever been elbow-to-elbow with the energy and free-flowing successful solutions of the very best in our industry? For the first time ever, yes, you can be! NTSA brings you the inaugural NTSA Elite Advisors Awards on Sunday, June 22, 2014 at 2:15 p.m., right after the lively “State of the... READ MORE
State pensions have been in the news a lot lately, and not always in a good way. The ways in which states meet the challenges of providing pensions for their employees are as numerous and varied as the states themselves. In the latest MarketBeat, Michael A. Webb takes a state-by-state look at what... READ MORE