IRS Retirement Plan Announcements for the Recent Hurricanes and California Wildfires

Many individuals have recently been significantly impacted by both the hurricanes and California wildfires and the Internal Revenue Service (IRS) provided relief for qualified individuals in retirement plans through several announcements. In addition, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 (“Act”), which provides tax relief for individuals affected by Hurricanes Harvey, Irma and Maria (“HIM”). Below is … Continue reading IRS Retirement Plan Announcements for the Recent Hurricanes and California Wildfires

Weather or Not, Stay Invested

2017 was one of the strongest years on record for hurricanes in the Atlantic region of the United States and among the costliest of seasons on record, with preliminary estimates totaling over $200 billion. This is the second largest season in damages since 1900, with 2005 having a slightly higher total (Hurricane Katrina).¹ For those not directly affected by the hurricanes or other extreme weather … Continue reading Weather or Not, Stay Invested

Behavioral Finance: Can Enhanced Active Choice Help Increase Participation?

Deferred compensation programs typically offer open enrollment year-round. Employees can choose to participate when they feel ready and motivated to do so. This traditional enrollment method is known as the “opt-in” approach. However, many employers are moving to an “opt-out” or “enhanced active choice” approach where employees are asked to specifically indicate that they do not want to save for retirement. How does this work? … Continue reading Behavioral Finance: Can Enhanced Active Choice Help Increase Participation?

Q4 2017 Market Review

Equity markets continued their rally and reached new highs during the fourth quarter. U.S. equities posted a positive 6.3 percent return for the fourth quarter (Russell 3000). Equity returns were fueled by accelerating global growth, continued low interest rates and inflation, and the tax reform bill that passed late in the quarter. After outperforming domestic equities for most of 2017, international equities advanced at a … Continue reading Q4 2017 Market Review