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

The Benefits of Managed 401(k) Accounts: Are They Real?

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

August 27, 2019 at 10:00 AM

The participant experience in qualified retirement plans has come a long way since investors were asked to create their own portfolio from a simple list of standard funds. A better experience began to emerge as plan participants were offered a “prepackaged” choice of target-date funds (TDFs), which have become increasingly popular. Today, a new trend is taking shape, as many plan sponsors are now considering whether the benefits of managed 401(k) accounts make them worth adding to their lineup.  

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Topics: Retirement Consulting, Asset Management & Investing

What You Need to Know About Retirement Plan Auto Features

Posted by Derenig Kostikian

July 10, 2019 at 1:30 PM

Today’s workforce relies primarily on defined contribution plans as a means for saving for retirement. Although employee contribution rates and account balances are up, participants tend to defer only enough to receive their company match—and that might not be a high enough savings rate to meet their retirement income goals.

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Topics: Retirement Consulting

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