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Provide a written statement to your clients.
These should include:
the benefits of a systematic rebalancing policy;
our strategic rebalancing policy;
how frequently you rebalance their portfolios; and
your approach to strategic rebalancing policy during periods of market volatility....
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In MarketBeat, Robert Toth examines whether there are partial terminations of 403(b) plans and how the rules differ from those concerning other types of retirement plans.
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Tech Talk addresses who can participate in a 403(b) plan.
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The deadline to take advantage of certain relief provided by the IRS to plan participants and plan sponsors in the wake of the COVID-19 pandemic is approaching quickly.
The deadline for workplace retirement plan participants, IRA owners or their beneficiaries who received a required minimum...
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With stay at home as part of our current work environment it is very evident we need to change how we do business.
This is also a great time to be innovative and try new ways to improve efficiencies. These are some of the ideas and practices our company is implementing.
1. The most popular...
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Late on the afternoon of Aug. 21, the Employee Benefits Security Administration (EBSA) announced that it will hold a public hearing on its new fiduciary rule proposal.
Specifically, the notice, which is expected to be published in the Aug. 25 Federal Register, is being held “to consider issues...
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It looks like we’ll have to wait a little longer to find out whether Congress and the Trump administration include retirement plan relief in the next round of economic relief to address the ongoing COVID-19 pandemic.
The Democrat-controlled House has been deadlocked with the Republican-...
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The circumstances in which retirement plan professionals—like everyone—have found themselves spells opportunity to develop new ways of working with and serving clients. An Aug. 6 NTSA webcast offered practical ideas on how to capitalize on that opportunity and serve clients virtually—and in the...
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First, I would start by saying it has been a struggle, not everything comes easy—even for Elite Advisors. But we persevere and figure things out. That is what makes someone elite. Much is the same during this pandemic.
I continue to serve my clients by making outreach calls, I called every...
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More than half of employers (51.5%) now position the Health Savings Account (HSA) as a retirement savings vehicle, according to the Plan Sponsor Council of America’s second annual HSA benchmarking survey, sponsored by Empower Retirement, reinforcing the notion that HSAs can be a powerful retirement...
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In a special NTSA WOWcast, NTSA Past President and 2014 Elite Advisor Randy Aranowitz interviews Ed Forst, President and CEO of Lincoln Investment Planning. They discuss the NTSA Bob D. Schiller Award.
The NTSA Bob D. Schiller Award recognizes individuals who have given freely of themselves, their...
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The Aug. 18 proposed rules spell out procedures for rolling over qualified plan loan offset amounts under the Tax Cuts and Jobs Act (TCJA).
The rules set forth regulations relating to amendments made to Internal Revenue Code Section 402(c) by Section 13613 of the TCJA. That provision of the law...
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It seems that the Department of Labor (DOL) is doubling down on its ESG information request campaign, now looking to the practices behind investments in, and monitoring of, ESG-themed ERISA plan investments by Registered Investment Advisory (RIA) firms.
Earlier this year information requests...
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In the latest of a series of regulatory announcements, updates and proposals, the Department of Labor (DOL) has unveiled an Interim Final Rule on lifetime income disclosures under the SECURE Act.
Under the Interim Final Rule, retirement plans would provide lifetime income illustrations using...
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In an effort to expand my 403(b) practice, a year or so ago I decided to create a virtual financial literacy library. I recorded myself presenting my most popular topics geared towards the K-12 marketplace. My goal at the start of this project was to simply get into more districts that were not in...
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In MarketBeat, Nevin E. Adams writes that notwithstanding data breaches in which someone who had access to data for legitimate purposes lost it, it’s planned use of participant data that has emerged as a matter of concern in a handful of excessive fee litigation suits.
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Considering that many firms have modified their normal operating procedures and moved to a company-wide telework environment, the Securities and Exchange Commission is urging firms to take extra steps to ensure the safety of its investors’ assets.
Among other things, the eight-page Risk Alert...
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Tech Talk addresses how one figures the maximum amount contributable.
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Fidelity has once again come out with its annual estimate of how much it will cost to cover health care in retirement—and it’s a doozy.
Released to help better educate employees on the importance of planning for health care costs, particularly for those approaching traditional retirement age...
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The IRS on Aug. 12 in Announcement 2020-14 set forth changes to user fees for certain letter ruling and determination letter requests submitted to the IRS Employee Plans Rulings and Agreements Office. The changes to the user fees will be effective Jan. 4, 2021. This IRS issued the announcement to...
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Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...