Common Questions and Answers About QCDs

Posted by Mike Triana, CRPS

November 19, 2019 at 10:00 AM

With the end of the year approaching, tax planning and charitable giving are probably top of mind for many of your clients. For individuals who are age 70½ and older, a qualified charitable distribution (QCD) could provide a unique opportunity to support the causes they love while possibly minimizing taxes in retirement.

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Topics: Retirement Consulting

5 Challenges Women Face When Planning for Retirement

Posted by Sheryll Yee

October 30, 2019 at 1:30 PM

For such an important aspect of clients’ financial plans, retirement planning is far too often overlooked or underprioritized. Making this mistake can be detrimental, particularly to women, who encounter different obstacles and circumstances than their male counterparts do, which can significantly affect their quality of life in retirement. Below, I’ll address five challenges women face when planning for retirement, as well as provide ideas for how you can help your female clients overcome them.

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Topics: Retirement Consulting

Retirement Plan Re-Enrollment: A Fresh Start for 401(k) Participants

Posted by Dan Collins

September 25, 2019 at 1:30 PM

Getting a second chance to do something better than it was done the first time—like being allowed a mulligan for a sliced tee shot on the golf course or having another opportunity to making a great impression—is something most people would overwhelmingly embrace. As a financial advisor, you likely have firsthand experience working with investors who have regrets about their retirement savings choices. Often, clients wish they had started saving sooner in life or had invested more wisely, and they would jump at the chance for a do-over. Fortunately for those clients, retirement plan re-enrollment may be just the opportunity they need.

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Topics: Retirement Consulting

Getting a Head Start on Retirement: The Minor-Owned Roth IRA

Posted by Mike Triana, CRPS

September 24, 2019 at 10:00 AM

Contributing to a Roth IRA is an extremely efficient way to save for retirement. The earlier a client starts making contributions, the more time there is for the savings to grow tax free. Wouldn’t it be great if younger investors could take advantage of a Roth IRA and start saving in their teenage years? The good news: They can. Depending on the circumstances, your clients may have children who are eligible to open a minor-owned Roth IRA. Here’s what you should know.

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Topics: Retirement Consulting

The Value of Benchmarking a Retirement Plan

Posted by Steve Johnian

August 28, 2019 at 1:30 PM

Although benchmarking a retirement plan is not mandated, there are key reasons why this best practice is important. ERISA requires plan fiduciaries to ensure that expenses are reasonable, so plan sponsors must monitor expenses to keep them in check and to ensure that the services provided are carried out effectively.

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Topics: Retirement Consulting

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