Practice Management
In times like these, communication with clients and business partners is more important than ever. Early into the onset of the pandemic, I noticed how active our wholesaler partners were with advisors in our office. Nearly every day, we were receiving phone calls and emails from these investment...
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Recent guidance clarifies that retirement contributions for unincorporated sole proprietors are excluded from payroll costs in calculating the maximum loan amount under the Paycheck Protection Program (PPP)—and so can’t be forgiven under the terms of that program.
Specifically, the Small Business...
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Updated July 7, 2020
NTSA provides extensive coverage concerning a host of aspects of the pandemic and its consequences for plan sponsors, administrators, service providers and participants. This includes how developments resulting from it have affected plans and participants, and how they can...
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While further research would assist in validating the results, the data from the research conducted by the NTSA in partnership with the Plan Sponsor Council of America (PSCA) concerning the participation and savings rates of public education employees reveals a correlation between limiting advisors...
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One issue the COVID-19 pandemic has brought a sharper focus on is that perceptions about when retirement will start and what it will entail are much different from the experiences of those already in retirement.
According to Allianz Life’s 2020 Retirement Risk Readiness Study, half of Americans...
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Even amidst maelstroms such as this current one, it can be useful to pay attention to the structural aspects of a plan. In MarketBeat, John Iekel discusses a recent blog entry that discusses the key elements and importance of an investment policy statement.
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What could getting to the chocolate center of a hard candy have to do with an expanded loan repayment period? Read on.
Some of you (older) readers might remember the Tootsie Roll Pop ad where a scholarly looking owl was asked how many licks it takes to get to the center of a Tootsie Roll Pop. One...
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In Part II of the 12th Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews 2017 Elite Advisor Michael Cayen, a registered representative with M3 Investment Services and a registered retirement counselor. They discuss financial planning, software and marketing.
In Part I,...
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A new survey of plan sponsors finds notable decision gaps between large and small employers in their adoption of the provisions of the CARES Act.
Considering the breadth and potential depth of those retirement plan options now on the table, it is perhaps not surprising that nearly half (47.4%)...
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Tech Talk addresses whether one should request references and check licenses of an auditor before engaging them to audit a plan.
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A common question regarding the CARES Act distribution, loan and required minimum distribution (RMD) waiver provisions[1] is whether these provisions are optional or mandatory. In most cases, they are optional—but in the retirement world there are very few questions where a short answer will...
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The legislation is still very new, and amidst the scramble for answers and action(s)—well, it’s inevitable that some things will get overlooked, and other important things will be misconstrued.
Here are five things you’ll want to keep straight.
The Coronavirus-related distribution is not a...
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The spread of COVID-19, and the measures to keep it under control, have caused dramatic changes in the financial environment underpinning retirement plans. A March 19 Plan Sponsor Council of America webinar discussed what it means for plans and participants.
In “COVID-19 Market Impact Analysis:...
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The Oregon Retirement Savings Board (ORSB) has issued an updated proposal for making a temporary extension of two deadlines related to OregonSaves permanent. The ORSB had issued the proposal on March 9.
In an April 2 letter to Oregon State Treasury Rules Coordinator Kevin Willingham, Oregon...
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NTSA WOWcasts offer expert insights—and you can access them on your mobile device.
NTSA WOWcasts offer the insights of Elite Advisors—the “best of the best.” Hosted by former NTSA President Randy Aranowitz, these exclusive interviews on ways to build, expand and enhance your practice are...
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Are retirement plan contributions for small businesses covered under the CARES Act’s Paycheck Protection Program?
Section 1102 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 creates a Paycheck Protection Program (PPP)[1] to help small businesses affected by the COVID...
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In 2019, the Hawaii State Department of Education (HIDOE) began a project with National Benefit Services (NBS) to strengthen retirement plan education in the state. This project was started with many circumstances in mind, one of which was the decline in participation in the HIDOE’s 403(b) plan...
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Amidst the ongoing COVID-19 crisis, the American Retirement Association has been working diligently to push for commonsense solutions that provide Americans with the funds necessary to provide for themselves and their families while at the same time protect the private employer-sponsored retirement...
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NTSA needs YOU and your ideas! Join in this 2nd NTSA 2020 Member Survey, “NTSA Values & Benefits We Need.”
This quick and easy survey should take less than five minutes to complete. We are most grateful for your input.
Results will be reported in April.
The survey can be found here.
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President Trump on March 27 signed into law the sweeping $2 trillion stimulus bill that includes retirement relief provisions supported by the American Retirement Association.
It wasn’t easy – or at least not as easy as it might have been – but the House of Representatives on March 27 approved the...
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