…relied upon the “4 percent rule” when it comes to the decumulation phase of retirement savings: Assuming you have accumulated sufficient assets by retirement age, it was widely accepted that if you withdraw 4 percent a year from those savings, you should have sufficient funds…
…of creating the “contagion” that occurred when Greece and southern European countries were in the midst of political and economic crises. The British central bank, the Bank of England, has helped calm markets by standing ready to inject funds into the banking system. Thus far,…
…for misappropriating “approximately $14.5 million in funds maintained by over a [sic] 1,000 plan participants in at least 20 ERISA and Optional Retirement Plans,” the documents add. Fortunately, that is a rare occurrence, but plan sponsors must remain vigilant. “A lot of these so-called 3(16)…
…tax deductible contributions and substantial guaranteed benefits they can provide. Going one step further the book also explores reducing the tax on those funds when they are distributed in the future. Read the eBook version here, 412(e)(3). Safe. Stable. Secure. A Tax-Advantaged Retirement Plan with…
A bill recently reintroduced to the U.S. House of Representatives could stop using premiums paid to the Pension Benefit Guaranty Corporation (PBGC) by single-employer pension plans from being used to pay for federal spending initiatives – a misuse of those funds that has taken place…
Explore fully insured defined benefit plans, the large tax-deductible contributions and substantial guaranteed benefits they can provide, along with reducing the tax on those funds when they are distributed in the future….
…Fiduciary Standard How has it been impacted in 2018 and 2019 2020 Outlook – SEC Best Interest (BI) Standard SECURE Act How will the SECURE Act affect the retirement industry Pentegra view Exchange traded funds (ETFs) Review of ETFs Will ETFs continue their rapid growth?…
…repeated, these have been unprecedented times. However, once the pandemic is behind us – something that now seems possible with the Pfizer and Moderna vaccines – it will be time to regroup and think about how to replenish those retirement funds, and to go about…
…Relief, and Economic Security (CARES) Act of 2020 allowed individuals to access the lesser of $100,000 or 100% of their retirement savings without being subject to early withdrawal penalties, and allowing them to repay those funds over a three-year period without the monies being considered…
…for retirement remain in play: 44 percent cited debt that needs to be paid off; 42 percent estimated that they cannot afford to put more money away; 22 percent said they want to make sure they can access funds in case of an emergency, while…
Each year the Trustees of the Social Security and Medicare Trust funds report on the current and projected financial status of the two programs. The Report includes extensive information about the current operations of these important social insurance programs and analysis of their outlook. Assumptions…