Optimizing Required Minimum Distributions (RMD)


Seventy-two is an important age milestone for those in or near retirement, as it marks the time when required minimum distributions (RMDs) begin to be withdrawn annually from IRAs and employer-sponsored retirement plans (previously, the threshold was 70 ½). The milestone carries with it tax consequences that are not fixed. Rather, there are a [...]

Optimizing Required Minimum Distributions (RMD)2021-03-01T16:08:06-08:00

Balancing Act: Income, Expenses and Withdrawals.


In projecting what you’ll need to save in order to generate enough retirement income, it helps to (1) prepare a realistic household budget and (2) understand what types of expenses you’ll have once you stop earning a regular paycheck. Types of Expenses Fixed Expenses – “Must Haves” Mortgage or rent Taxes (income and property) Car [...]

Balancing Act: Income, Expenses and Withdrawals.2019-10-30T23:51:21-07:00

401k News: Dept of Labor and IRS Update Q2 2015


DOL Update Participant Fee Disclosure Deadline Extended During second quarter, the DOL released final regulations to permanently extend the annual participant fee disclosure time frame, effective this year. The original regulations require plans to provide a disclosure of plan and investment information, including an investment comparative chart, to participants once every 12 months. The first [...]

401k News: Dept of Labor and IRS Update Q2 20152016-12-14T17:05:29-08:00

401k Sponsor Internet Resources


If you are the sponsor for an employer-sponsored, here are some resources available on the Internet to help you better manage your plan. Internal Revenue Service, Employee Plans Department of Labor, Employee Benefits Security Administration 401(k) Help Center BenefitsLink PlanSponsor Magazine Plan Sponsor Council of America Employee Benefits Institute [...]

401k Sponsor Internet Resources2016-12-14T17:05:32-08:00

Plan Sponsor, Are You Using Electronic Disclosures?


If your plan uses electronic delivery of required disclosures to employees, you are likely simplifying the disclosure process, making information delivery more reliable and reducing plan administration costs, according to the Principal Financial Group. Principal’s Electronic Delivery of Participant Disclosure Materials is a guide for plan sponsors to the Department of Labor (DOL) and Internal [...]

Plan Sponsor, Are You Using Electronic Disclosures?2016-12-14T17:05:59-08:00

When a Windfall Comes Your Way


What do you do with big money? A first-world problem, and nothing more? Not quite. Getting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you resolve anxieties about funding your retirement or your children’s college educations, and newfound financial freedom can lead to time freedom – greater opportunity [...]

When a Windfall Comes Your Way2016-12-14T17:06:21-08:00
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