Medicare prescription drug coverage: Clients may need a new plan
Those new to Medicare may not realize they need to buy a separate policy to cover prescription drugs. There are some partial exceptions, but even in those cases, coverage can vary.
Retirement income
Strong 401(k)s linked to strong company performance
Employers with “great” retirement plans are significantly more likely to have higher margins and revenue per employee than those with average plans.
Strong 401(k)s linked to strong company performance
Employers with “great” retirement plans are significantly more likely to have higher margins and revenue per employee than those with average plans.
To avoid stalling, retirement readiness initiatives need lift
Employers must hit the throttle by providing employees with personalized retirement readiness scores, deeper metrics.
Less is more: Use a minimalist approach for 401(k) investing
Investors have an average of 25 funds to choose from in their 401(k) plans, but some financial advisors suggest that the best approach is to pick a small number of very broad funds.
To avoid stalling, retirement readiness initiatives need lift
Employers must hit the throttle by providing employees with personalized retirement readiness scores, deeper metrics.
IRS to retirees: Check your pension and Social Security withholdings ASAP!
Other groups, such as those who used to itemize tax deductions but will now use the high standard deduction, are also advised to check their withholding taxes.
The rich person Roth: For the most tax-free retirement income
High-net-worth clients can bump into income limits when it comes to making Roth IRA contributions, but they can find other tax-saving strategies to save for retirement.
NQDC plans: Solutions in search of a problem
The Principal’s Kirk Wolf notes that a properly designed nonqualified deferred compensation plan offers enough flexibility to fix the issues that plague most employers
Universal life insurance, a 1980s sensation, has backfired
Many older Americans are now facing hefty life insurance premiums due to dwindling interest rates. Many seniors are sitting on a "ticking time bomb."
Retirement Plan Adviser of the Year Q&A: Gregg Fine of Gallagher
EBA’s Retirement Plan Adviser of the Year shares why offering a holistic focus on employee and organizational well-being is so important to today’s workforce.
By
Phil Albinus
Benefits Think This is how much money employees need to retire
Clients and workers need to make adjustments to their target goal to reflect personal factors when they plan for their post-work life.
Robert C. Lawton
Lawton Retirement Plan Consultants
The pros and cons of a reverse mortgage
These loans can be a good option in some cases, but they're not a cheap way to borrow money so senior citizens with good credit may have cheaper alternatives.
Benefits Think Stop making 401(k) contributions. Fill up your HSA first
Employers, here’s why you should tell employees contributing to a triple-tax-free health savings account is more valuable and versatile than boosting a retirement plan.
Robert C. Lawton
Lawton Retirement Plan Consultants
Boosting widows’ benefits could reduce poverty in retirement: Report
Boosting the widow's benefit, while limiting the size of the increase for higher earners, could be a “well-targeted way to help reduce poverty for this vulnerable group.”
Checking under the hood of your retirement plan with an objective mechanic
James Sotell, managing director of Comperio Retirement Consulting, shares his perspective on advising small plans and their fiduciaries.
Here’s some potential good news about required minimum distributions
The Trump administration is considering pushing back the age at which retirees have to take required minimum distributions from tax-deferred retirement account.
7 easy ways to encourage employees to save more for retirement
Employers should inform their workers about the benefits of increasing their 401(k) contributions and investing in health savings accounts, among other tips.
Checking under the hood of your retirement plan with an objective mechanic
James Sotell, managing director of Comperio Retirement Consulting, shares his perspective on advising small plans and their fiduciaries.
There are thousands of ways to claim Social Security — here are three
Waiting until your 70th birthday is the much-discussed strategy to maximize benefits. But in some circumstances, you won't miss out if you file earlier.
