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Baby boomers, a generation spanning the better part of two decades, has members who are retired, but plenty of members who are in the workforce and will be for years to come. And a recently released report on financial security and aging suggests that may be a good thing. In “Seeing Our Way to... READ MORE
In our business, there are tremendous ups and downs. It’s easy to be happy in your work environment when things are going well — when you’re closing business and clients are saying yes. However, it’s challenging to maintain a positive outlook when things don’t go according to plan. To help get... READ MORE
President Trump’s fiscal year 2020 budget addresses the Administration’s high-priority items, such as increased spending for national security, but it doesn’t include much about retirement. Released by the White House’s Office of Management and Budget on March 11, the proposal – dubbed “A Budget... READ MORE
Editor’s Note: This is the first appearance of what will be an occasional feature in the NTSA Advisor. It is drawn from The Source, a book that covers technical, compliance, administrative and marketing aspects of the 403(b) and 457(b) markets. More information about The Source is available here.... READ MORE
We have more access — and easier access — to information than at any time in human history. In MarketBeat, John Iekel discusses a recent blog entry that argues that a good fiduciary can identify which information will most affect clients and their accounts. READ MORE
Is it still the case that mandatory distributions from a nongovernmental 457(b) must begin no later than 60 days following the end of the plan year in which the participant severed service? In Tech Talk, Susan Diehl tell us. READ MORE
Some plan sponsors and administrators “stretch the match” as a way to increase participants’ contributions to their retirement savings accounts. Does the strategy work? A recently released study seeks to find out. Stretching the match is a practice in which an employer sets a higher employee... READ MORE
A group consisting of 12 separate financial services trade associations – including SIFMA, ACLI and the U.S. Chamber of Commerce – have highlighted both preemption issues and legal deficiencies with Nevada’s proposed fiduciary regulation that they say goes “well beyond” the state’s legal authority... READ MORE
The IRS announced on March 7 that victims of the severe storms, tornadoes and straight-line winds that took place on March 3, 2019 in Alabama may qualify for some forms of tax relief. Where and to Whom it Applies The relief applies to: individuals who reside or have a business in Lee County, and... READ MORE
Legislation introduced Feb. 28 by Sen. Charles Grassley (R-IA) includes provisions that concern the use of funds from retirement plans to address losses and circumstances facing account holders after disasters take place. The use of retirement plan funds is really one area the bill, The Tax... READ MORE
Health savings account (HSA) assets grew by over $5.8 billion in January 2019 to reach $59.6 billion, up 11% since the end of 2018, according to an industry report.  In addition, the total number of HSA accounts also grew by almost 5% in January, with the total rising to an estimated 26.3 million... READ MORE
There is less than a month to make required minimum distributions (RMDs) from traditional IRAs and employer-provided retirement plans to taxpayers who reached age 70½ in 2018. The IRS on March 5 in IR-2019-29 issued a reminder that the deadline is April 1. The April 1 deadline applies to owners of... READ MORE
Democrats in both houses of Congress have introduced legislation that will tax financial transactions. "It's called the Wall Street Tax Act, but it's really a Main Street savings attack," said Brian Graff, CEO of the American Retirement Association. The Wall Street Tax Act would impose a... READ MORE
The California Secure Choice Retirement Savings Investment Board has proposed regulations that would directly address questions of eligibility, processes and duties, as well as further define terms and clarify sections of the law that created the CalSavers Retirement Savings Program. The board... READ MORE
Plan fiduciaries have asked the nation’s highest court to weigh in on when ERISA’s three-year statute of limitations begins – and if disclosure alone is enough to start that clock.  In asking the U.S. Supreme Court to take up the case, plan fiduciaries at Intel said the question presented was “... READ MORE
The Silver State managed to overlook the long history of ERISA preemption in its recent draft fiduciary regulations. Once again, the American Retirement Association has brought this to their attention. The comments came in response to draft regulations issue in mid-January by Nevada’s Office of... READ MORE
An employer’s HR committee invited a top hat group member who this year will attain age 65, the plan’s normal retirement age, to participate in the plan. In Tech Talk, Susan Diehl tells us if she can make a special catch up contribution. READ MORE
Recent research shows that retirement plan participants are among those who prefer communication that is not riddled with jargon and “inside” terms that are familiar to plan providers, sponsors and administrators but mean little to those whom the plans serve. In MarketBeat, John Iekel discusses a... READ MORE
Despite political affiliation, large majorities of Americans believe the nation faces a retirement crisis and are largely supportive of state efforts to expand coverage, new survey results show. Findings contained in the National Institute on Retirement Security’s “Retirement Insecurity 2019:... READ MORE
Looking to expand your client base? Then you better be familiar with the unique mindset and preferences of Millennials as a generation ripe for guidance and engagement, says a new report.  Coming of age in the wake of 9/11, the 2008 market crash and the Great Recession, Millennials’ financial... READ MORE

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