Recruiting, retaining and rewarding key employees are not just goals of the largest companies in America—they are important to all companies. That’s why, in today’s environment, no plan sponsor can have a truly meaningful conversation about its total rewards package and retirement plan’s design without discussing non-qualified deferred compensation plans (NQDCPs). What is an NQDCP? … More Recruit, Retain, Reward
According to a recent Wall Street Journal article, retirement plans and IRAs account for about 60 percent of the assets of U.S. households investing at least $100,000.¹ Both state and federal laws govern the disposition of these assets, and the results can be complicated, especially when the owner of the account has been divorced and … More No Beneficiary Designation. Who Gets The Money?
On February 2, 2015, President Barack Obama released the Fiscal Year 2016 Budget of the U.S. Government that reflects a focus on raising overall government revenues. The prospective increase in revenue would create a range of new tax benefit programs, many of which would affect retirement savings for as many as 30 million Americans. According … More 2016 Budget Proposals Support Retirement Goals
Retirement has a different meaning today than it did in previous generations. Here are a few highlights of how it differs: “I’ll continue to work during retirement” As Americans consider their outlook for retiring, many are assuming the easiest way to deal with their lack of preparedness is to decide to just continue to work … More Common Misconceptions