Staying the Course – 401(k) & Retirement Questions in the Midst of the Coronavirus Situation
Global stock markets have entered “correction” territory, defined as a 10% decline from the index high. This is in large part due to the uncertainty surrounding the new coronavirus, first detected in Wuhan City, China, but now detected throughout the world, including the United States. There certainly will be an economic impact, as growth slows […]
SECURE Act Passes – How Does this Affect Your Retirement Plan?
One of the most significant pieces of retirement legislation in recent history, the SECURE Act, draws from a wide-array of bipartisan bills and seeks to make it easier for businesses to offer retirement plans, and for individuals to save for retirement. The legislation was incorporated into Division O of the Further Consolidated Appropriations Act, 2020, […]
Target Date Funds—Does One Size Really Fit All?
If you have ever opened a brokerage account with an advisor, you know the first step is gathering information to determine the risk profile and appropriate investment allocation for the individual. In order to determine the appropriate allocation for a client, financial advisors will inquire about income level, savings rate, net worth, time horizon, spending […]
HSAs: A Tax Trifecta Investment Opportunity
It’s time to look beyond the traditional approach(es) to planning for the financial future — and look instead toward HSAs as a saving grace for the $260,000* in health care spending individuals need throughout retirement. There’s never been a better time to jump headfirst into a positive change for your employees. Prepare yourself and your […]
Your Newest Employee Benefit—Student Loan Debt Repayment Assistance
Student loan reimbursement programs are a fast growing employee benefit. Approximately 70 percent of 2016 college graduates have student loans with an average balance of $37,000.¹ The Society for Human Resource Management reports that while only about 3 percent of employers offer this benefit, interest among employers is growing rapidly. Research also shows that a […]
Who Is Responsible To Protect Your Company Retirement Plan, You or Your Advisor?
The Department of Labor (DOL) fiduciary rule has been widely covered over the past couple of years, spurring a debate of whether or not investors and plan sponsors will be better served and protected from biased investment advice. A recent article on entrepreneur.com talks about who is responsible for the best interest of a company’s employees retirments […]
