How to Help Plan Sponsor Clients Evaluate Financial Wellness Solutions

Posted by Mathew Powers, CFA, AIF

December 6, 2016 at 10:00 AM

For many employees, identifying and then taking the necessary steps to be ready for retirement is a crucial need. But for some individuals, this requires going beyond increased 401(k) savings or optimized asset allocations—to actually stabilizing their financial foundation. Fortunately, financial wellness solutions can be used to do just that.

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Topics: Retirement Consulting

When Are Roth IRA Distributions Tax-Free?

Posted by Steve Johnian

October 5, 2016 at 1:30 PM

As you’re probably aware, not everyone can contribute directly to a Roth IRA. Those with a modified adjusted gross income of more than $132,000 (single) or $194,000 (married filing jointly) in 2016 will be completely phased out and will have to find a different retirement savings strategy (e.g., the backdoor Roth IRA). But for those whose incomes are below the established thresholds, a Roth IRA can be a powerful retirement tool.

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Topics: Retirement Consulting

Helping Your Clients Choose an IRA Beneficiary

Posted by Sheryll Yee

October 4, 2016 at 10:00 AM

IRAs are a great way for your clients to save for retirement, but they can also act as a vehicle for passing assets to their heirs. There are a number of options when choosing a beneficiary—from spouses and nonspouses to trusts and estates—and it’s not always easy to determine the best choice. Here, I’ll cover various types of beneficiaries and factors to consider when helping your clients choose an IRA beneficiary.

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Topics: Retirement Consulting

Finding the Right Retirement Plan Recordkeeper for Your Client

Posted by Thomas Crutchfield, CFP, AIF, PSP

August 23, 2016 at 10:00 AM

You’ve probably heard that retirement plan recordkeeping is commoditized. But is it? In my view, each provider has strengths that should be considered. When you incorporate information about all interested parties (including your services as the plan’s advisor) that will interact with the provider during the lifetime of the relationship, the “right” recordkeeper can emerge. Conversely, failure to do so will eventually cause a point of failure. For example, a decision based solely on the plan sponsor’s needs might not integrate with your practice’s needs, meet the usability needs of plan participants, or fit the functional needs of the plan’s third-party administrator (TPA).

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Topics: Retirement Consulting

5 Common IRA Misconceptions

Posted by Sheryll Yee

July 13, 2016 at 1:30 PM

Although some IRA planning and investment strategies appear simple, they can become expensive and time consuming if implementation errors are made. Your clients could pay unexpected taxes or penalties, their IRAs could lose tax-exempt status, or their beneficiaries could experience difficulties when inheriting IRA funds. To help your clients avoid these issues, here are five common IRA misconceptions to keep in mind.

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Topics: Retirement Consulting

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