When Participants Retire, Should Their QDIA Retire as Well?

Many retirement plan sponsors are increasingly recognizing the benefits of allowing retired employees to leave assets in the defined contribution (DC) plan. This arrangement can be a win-win for both plan sponsors and participants. Fat retiree balances may improve plan economics, allowing plan sponsors to negotiate lower fees. And participants can take advantage of funds that are overseen by fiduciaries, often available at lower costs. … Continue reading When Participants Retire, Should Their QDIA Retire as Well?

Recruit, Retain, Reward

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? As people live longer and lead more active lives, retirement … Continue reading Recruit, Retain, Reward

No Beneficiary Designation. Who Gets The Money?

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 remarried. Therefore, it is important for plan fiduciaries of qualified … Continue reading No Beneficiary Designation. Who Gets The Money?

Retirement Savings, President Barack Obama, 2016 Budget

2016 Budget Proposals Support Retirement Goals

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 to the White House, as many as 78 million working … Continue reading 2016 Budget Proposals Support Retirement Goals

Retirement Misconceptions , Medical Care, Medical Costs, Happy Retirement

Common Misconceptions

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 during what would otherwise be their retirement years. In fact … Continue reading Common Misconceptions