Plan Participants
The IRS has updated the information available on its website concerning automatic enrollment.
The site provides basic information regarding an employer’s obligations if it decides to offer automatic enrollment and deferrals. It also discusses automatic contribution arrangements, eligible automatic...
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In order to serve a client effectively — and fulfill fiduciary duties, BTW — a fiduciary of course must know their client. And one also must pursue the client’s best interest. But it’s possible that those goals may not always be congruent; in fact, they may even be mutually exclusive. In MarketBeat...
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The seeds have been sown for a retirement income crisis, says a former U.S. Senator, and the time to act is now.
“We face a looming retirement crisis that will impact millions of elderly and soon-to-be elderly Americans, as well as our children and grandchildren who will have to bail out those...
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NTSA Executive Director Brent Neese clearly outlined industry trends in a statistics-packed session at the recent NTSA 30th Anniversary Summit and discussed how they will affect us.
Neese recapped results from the NTSA’s 2018 Public Education Retirement Security Survey, and related how important...
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Two key members of Congress are interested in learning more about potential threats cyberattacks pose to the U.S. retirement system and what industry stakeholders are doing to address them.
In a Feb. 12 letter to the U.S. Government Accountability Office (GAO), Sen. Patty Murray (D-WA), ranking...
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The average lifespan now is much longer than it was for previous generations. That’s good news! But that half-full glass has effects beyond the obvious. Among them: posing challenges and complications for retirement accounts and planning, which a recent analysis examines.
In “How Life Expectancy...
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How would you respond in the below scenario?
Imagine that the United States is preparing for the outbreak of an unusual disease, which is expected to kill 600 people. Two alternative programs to combat the disease have been proposed.
Assume that the exact scientific estimates of the consequences...
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Consumers tend to worry about “high-touch” products, such as credit cards and bank accounts, more than they worry about long-term savings accounts, such as their workplace retirement plans and IRAs, a new study warns.
Nearly 80% of American consumers are concerned about financial fraud, according...
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On the wall at my gym there is a disclaimer sign, warning members to “cease activity and consult a physician if you experience any pain, discomfort, shortness of breath, light headedness or nausea.” In addition to those symptoms, I also get hot and sweaty. I can only assume I am allergic to working...
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Suppose that a top hat group member participant submits a distribution election that defers payment from the plan until normal retirement age, but is asked to stay on for another year and agrees to do so. In Tech Talk, Susan Diehl tells us the ramifications of such a situation.
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A Jan. 28 session at the NTSA 30th Anniversary Summit offered tips from Toews Corporation Director of Sales and Marketing Eben Burr on how to adjust one’s ways of communicating in order to boost one’s practice, effectiveness and service.
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House Ways & Means Committee Chairman Richie Neal (D-MA) announced Jan. 30 that the committee will hold a hearing on Feb. 6 on improving retirement security for America’s workers.
It is anticipated that the hearing will be the first of many focusing on retirement security issues, eventually...
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Four NTSA leaders – Tamara Indianer of Lincoln Investment, Bill Fisher of Penserv, Paul Prete of Foresters Financial and I – introduced the NTSA Certified Retirement Education Specialist (CRES) initiative at a Jan. 28 session of the organization’s 30th Anniversary Summit in Tampa.
The CRES will be...
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Retirement plans — and the opportunity to serve them and their participants and beneficiaries — are not limited to pensions, 401(k)s and 403(b)s. They also entail 457(b) plans — a market that offers fresh opportunity.
And it’s a sizable opportunity, NTSA Executive Director Brent Neese observed at...
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Clients’ expectations have changed. And that is in part explained, and fueled by, technology. In a Jan. 29 session of the NTSA 30th Anniversary Summit in Tampa, FL, Lincoln Investment Vice President of Branch Development Tom Lakatos offered his insights on this development.
Lakatos was definitive...
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At a Jan. 27 workshop session at the 30th Anniversary NTSA Summit, Lisa Greenwald, Executive Vice President of Greenwald & Associates, led an insightful and practical session on how plan advisors can help Millennials address their financial challenges.
Greenwald delivered a comprehensive look...
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Like water poured on the top of a hill whose reach is quick and hard to control, the stalemate in Washington is spreading beyond what’s reported on the nightly news. Add retirement plan administration to the list of everyday functions that are now feeling the impacts.
The most predictable effect,...
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Financial advisors, representatives and educators often find themselves sitting across the table from people who are confused, scared and uncertain what to do. The experience can feel like that of a lifeguard perched above a swimmer whose arms and legs thrash in an attempt to keep their head above...
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Rep. Maxine Waters (D-CA), the new chair of the House Financial Services Committee, recently outlined a full-bodied agenda that seeks to protect consumers, safeguard investors and prevent another financial crisis.
In terms of setting the committee’s agenda, Waters, who has served on the committee...
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Being able to afford a comfortable retirement is Americans’ biggest financial concern, according to a recent report from the LIMRA Secure Retirement Institute.
LIMRA reports that 53% of the 50.5 million retirees in the United States retired earlier than they had planned to, and not all did so...
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