Retirement Savings Strategies for Clients with Small Businesses

Posted by Sheryll Yee

November 8, 2017 at 1:30 PM

Discussing retirement savings strategies for clients with small businesses can be challenging. After all, there are many things to consider, including cost, tax implications, personal retirement savings goals, and maintenance. But by familiarizing yourself with the various plan options, you’ll be better equipped to assist your clients in making the best retirement savings decisions—for themselves and for their employees. Plus, being a go-to retirement expert just might lead to opportunities for your own business, such as gaining access to centers of influence, increasing your market audience, and possibly obtaining client referrals.

Read More

Topics: Retirement Consulting

9 Questions on IRA Transfers and Beneficiary Distribution Accounts

Posted by Mike Triana

October 18, 2017 at 1:30 PM

For beneficiaries who inherit IRA assets, there are a variety of options available for transferring funds from a deceased individual’s account. Unfortunately, having too many choices can complicate an already difficult situation. But what if you could help ensure a smooth and less stressful transition for your clients? By understanding the intricacies of the transfer process and the rules involved, you can do just that.

With this in mind, here are nine questions (and answers) to help you and your clients better understand IRA transfers and beneficiary distribution accounts (IRA-BDAs).

Read More

Topics: Retirement Consulting

When Are Roth IRA Distributions Tax-Free?

Posted by Steve Johnian

August 2, 2017 at 1:30 PM

In your retirement plan business, you likely have clients who aren't eligible to contribute directly to a Roth IRA. That is, those with a modified adjusted gross income of more than $133,000 (single) or $196,000 (married filing jointly) in 2017 will be completely phased out and will have to turn to other retirement savings strategies (e.g., the backdoor Roth IRA). But it's also likely that you have clients whose incomes are below the established thresholds. For those individuals, a Roth IRA can be a powerful retirement tool. Let me explain.

Read More

Topics: Retirement Consulting

The Backdoor Roth IRA: Helping Clients Catch Up on Retirement Savings

Posted by Steve Johnian

August 1, 2017 at 10:00 AM

According to the 2017 Retirement Confidence Survey, only 56 percent of American workers are currently saving for retirement. The survey also found that "a sizable percentage of workers say they have no or very little money in savings and investments." These statistics illustrate a critical role for advisors in retirement planning: helping clients catch up on retirement savings. One potential solution? The backdoor Roth IRA.

Read More

Topics: Retirement Consulting

From Good to Great: 6 Tips for Delivering Better Plan Sponsor Meetings

Posted by Dan Collins

July 26, 2017 at 1:30 PM

If you’re an advisor in the retirement plan space, you likely have a go-to framework for conducting annual or periodic meetings with your plan sponsor and retirement plan committee clients. This framework no doubt includes covering all of the core 401(k) plan topics that retirement plan sponsors are most interested in, such as the performance of the plan’s investments, fees and expenses, plan design, and how well the plan is working for employees. Of course, those topics are essential areas to focus on when managing a retirement plan and are imperative to delivering the service, expertise, and guidance that your clients have come to expect from you.

Read More

Topics: Retirement Consulting

Commonwealth Business Review
5 Ways to Affiliate
The Independent Market Observer, Brad McMillan

Follow Us