How Does the U.S Rank in Retirement Security? (Hint: Not Good)
Yes, we get it. Everything is better in the Scandinavian countries—herring, sexy accents and now retirement security. Among the leading countries for retirement security identified by the 2016 Global...
View ArticleWhy 401ks Are More Important Than Ever
University of Pennsylvania’s Wharton School professor Kent Smetters has developed a new budget modeling system with the help of an all-star team of economists. Its findings? Social Security could run...
View ArticleWhy Small Balance 401k Distributions Are Falling Through the Cracks
According to the recently released 2016 Willis Towers Watson U.S. Retirement Governance Survey, a major trend in retirement planning is the growing concern employers have for employees’ retirement...
View ArticleWhat is the ‘Core Purpose’ of a 401k Plan?
It might seem like a splitting of hairs, but 401(k) advisors will understand the significance. A large majority of plan sponsors (85 percent) think the core purpose of a 401(k) plan is to provide...
View ArticleAfter-Death Distributions: What 401k Advisors Need to Know
Unlike lifetime RMD distributions, after-death RMD distributions depend on the identity of the beneficiary(s) of the 401k participant.[1] Currently, retirement account owners can name their children...
View ArticleShock (Not)! Media Hypes Retirement Savings ‘Crisis’
The retirement savings crisis is overblown. Not at all shocking in an era of sensationalized, 24-hour cable news, but the amount of the supposed discrepancy has retirement experts taking notice. In a...
View ArticleFirst Rule of Retirement Income: What It Is, Why It’s Important
The first rule of retirement income hasn’t changed: Taking money from a qualified account before retirement—through cashouts, loan defaults, or hardship withdrawals—is almost always a costly mistake....
View ArticleRidiculously Bad Advice on the 4 Percent Retirement Rule
Boo on Business Insider for an irresponsible and downright awful article involving the 4 percent withdrawal rule. It’s not like we reserve high hopes for a financial website founded by a former analyst...
View ArticleMinimum Distribution Problems—Why They Exist and What Can Be Done
The minimum distribution requirements of Internal Revenue Code Section 401(a)(9) generally require that plan participants withdraw at least a small portion of their account balances by April 1st of the...
View ArticleWhy Direct Rollover IRAs Make Sense as Retirement Income Solutions
While automatic features in 401ks have improved plan participation and increased savings, they’ve also added administrative complexity, cost, and fiduciary responsibility. Since they’re relatively new,...
View ArticleNew CARES Act RMD and Rollover Rules: Chart
For defined contribution plans (e.g., 401(k) plans, 403(b) plans, and 457(b) governmental plans) and IRAs, the CARES Act provides temporary relief from the required minimum distribution (RMD) rules....
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‘CARES 2’ Could Include More RMD Relief
Could further relief from retirement account required minimum distributions (RMDs) be a part of the next coronavirus economic stimulus package? As President Donald Trump signed another $484 billion...
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How to Solve the Retirement Income Riddle: NAPA 401(k) Cyber Summit
“To feel confident in their retirement, participants tend to need to know a little bit about investing, and a little bit about the laws that affect retirement,” Meghan Jacobson began Thursday at the...
View ArticleMarket Volatility, Low Interest Rates Threaten Retirement Income: Cerulli
Heightened market volatility may increase demand for advice that emphasizes de-risking and an ongoing income stream that preserves gains from the most recent bull market, according to Cerulli...
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