The Retirement Plan Advisor’s Guide to Offering Model Portfolio Services

Posted by John Chevalier

March 13, 2019 at 1:30 PM

It’s not surprising that individuals who work with a financial advisor feel more confident about the security of their financial future. In fact, according to Northwestern Mutual, most Americans with an advisor believe they’ll work beyond retirement age only if they choose to. This optimism is far less evident among those who don’t work with an advisor, with 6 out of 10 indicating they expect to work past retirement age out of necessity.

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Topics: Retirement Consulting, Risk Management

Are 72(t) Plans Too Good to Be True? (For Most of Your Clients, Yes)

Posted by Sheryll Yee

March 12, 2019 at 10:00 AM

Although IRAs are intended to be long-term retirement savings vehicles (like employer-sponsored retirement plans), unexpected financial needs can arise, and your clients may find themselves wondering if they should tap into their accounts. Typically, IRA owners who distribute assets from their account before age 59½ are subject to a 10-percent early withdrawal penalty on the distribution amount. But with 72(t) plans, also known as a substantially equal periodic payment plans, IRA owners can distribute assets before age 59½ and avoid that penalty (though normal income tax rates would still generally apply).

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Topics: Retirement Consulting

How Good Are TDFs at Managing Retirement Savings Risks?

Posted by John Chevalier

January 2, 2019 at 1:30 PM

Vanguard’s “How America Saves 2018” study reveals that roughly 50 percent of defined contribution plan participants use a target-date fund (TDF) as their sole investment. By 2022, this figure is expected to grow to 70 percent. But should retirement savers be relying solely on these set-it-and-forget-it vehicles? Does that change depending on when they first started saving? And how effective are these funds at managing retirement savings risks, particular as investors approach this next life stage? As a financial advisor guiding investors to a comfortable retirement, it’s important that you can answer these questions. So, let’s take an in-depth look at TDFs.

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Topics: Retirement Consulting

The Yearly Must-Do: Review Clients’ Retirement Accounts

Posted by Sheryll Yee

October 10, 2018 at 1:30 PM

Although it’s best practice to monitor clients’ retirement accounts throughout the year, many advisors are guilty of leaving certain annual tasks for the last minute. To help ensure the alignment of plans and objectives, advisors should take the time to periodically review clients’ retirement accounts—in particular, their beneficiary designations, current contributions, and distribution requirements.

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Topics: Retirement Consulting

Implementing an ESG Investment Strategy in the Qualified Plan Space

Posted by Michael Geraci, MSF, CRPC, AIF, CIMA

October 3, 2018 at 1:30 PM

Environmental, social, and governance (ESG) investing continues to garner attention. The ability to invest in those companies that are mindful of sustainability practices, social issues, and other mission-related concerns allows investors to have some say in what’s important to them. When considering whether to offer ESG-focused funds in qualified plan lineups, however, advisors and plan sponsors need to be aware of the legal framework for fiduciaries and how the U.S. Department of Labor (DOL) views the investing style. Here, I’ll break down the details that go into implementing an ESG investment strategy, as well as some important DOL and due diligence considerations.

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Topics: Retirement Consulting

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