For many years the investment advisory community has proposed that if retirees withdrew their retirement assets at the rate of 4% annually there is a high probability that assets would… Read More
Insights
Every Plan should have a Committee Charter and Here’s Why
Although not legally required by ERISA, a retirement plan committee charter is a very important document for plan governance that may help fiduciaries avoid potential liabilities. Committee Charters are one… Read More
What’s Your Take on Financial Wellness Programs?
A recent comprehensive TIAA survey of financial wellness plan participant perceptions may be helpful to plan sponsors who have, or are considering implementing, a wellness plan for their employees. Employees’… Read More
Retirement & Lifestyle Planning Article
Handling Market Volatility
Market volatility is scary. We get it. The last thing you want to do is lose a large portion of your nest-egg when you’re in the retirement red-zone. In this… Read More
Retirement & Lifestyle Planning Article
How to Avoid Scammers in 2022
It wasn’t that long ago when our money and assets were safe, or at least there was a high degree of perceived safety. Investment accounts were secured by SIPC insurance…. Read More
Retirement & Lifestyle Planning Article
Thanks for the Memories: Gratitude and Financial Wellness
So much about financial wellness has to do with cultivating a mindset that favors delayed versus immediate gratification. In the language of behavioral economics, the tendency to prefer short-term rewards… Read More
What is an appropriate interest rate for plan loans?
Both, ERISA and the IRS requires that DC plan loans reflect a “reasonable rate of interest”. DOL Reg Section 2550.408b-1 states that “a loan will be considered to bear a… Read More
ERISA 3(38) Fiduciary Services
Most companies and organizations’ human resources departments and C-suites are seeking efficiencies and risk mitigation for their entities. For those, and a myriad of other, reasons 3(38) fiduciary discretionary investment… Read More
Big Tax Breaks for Business Owners (February 2022)
Retirement plans such as 401K’s and Profit Sharing Plans offer the opportunity to save for retirement and reduce taxable income. A 401K allows owners and employees to defer pay and… Read More