Retirement planning

Despite the recent Fifth Court ruling, it’s too soon to say the regulation is dead. There may be a rehearing, and most importantly, best practice standards will live on.

From Roth 401(k) accounts to HSAs, companies are increasingly enhancing programs to help employees get ready for their post-work years.

Plan sponsors should connect with workers by integrating financial wellness concepts, including behavioral finance/economics elements, talking about loans and withdrawals and offering one-on-one meetings.

These funds can help workers put saving plans on autopilot, but they can also take on more risk than expected.

Plan sponsors should connect with workers by integrating financial wellness concepts, including behavioral finance/economics elements, talking about loans and withdrawals and offering one-on-one meetings.

Employees can simplify retirement portfolios by merging multiple accounts

Botsford Financial Group and Financial Development Systems have been tapped to help attract retirement plan advisers and plan sponsors to the Merit fold.

Employees may expect a lower tax liability because of the new rates under the new tax law, especially those who were in the 25% bracket under the old law.

Benefits experts believe that even if the regulations get killed entirely, best interest standards will live on.

Botsford Financial Group and Financial Development Systems have been tapped to help attract retirement plan advisers and plan sponsors to the Merit fold.