Blog

Effective January 1, 2020, the rules for required minimum distributions (RMDs) and beneficiary payouts have significant changes. Some good; some bad. The changes impact the requirements of both employer retirement plans and IRAs to distribute assets from the plan upon a certain age and upon death. RMD Rules Until now, a participant in a retirement...Read More

The “Setting Every Community Up for Retirement Enhancement” Act (SECURE Act) is the largest single pension reform we’ve had in ten years. There are many provisions that touch various parts of the tax code and impact employers and plan sponsors. In this article, we break down the SECURE Act based on provisions that are important...Read More

A recent analysis of U.S. Census Bureau data by The National Institute on Retirement Security (NIRS) discovered that the median retirement account balance among all working Americans is zero. They also report that 57% of workers have no assets in a workplace retirement plan, individual retirement account (IRA) or pension. Only one in five of...Read More

The ideal prospective client that financial advisers would generate would undoubtedly show young, college-educated workers with above-average incomes since this prospect gives the advisers the opportunity to assist the client with growing their wealth over several decades. A recent survey of over 1,400 health care consumers, indicated that those using tax-advantaged Health Savings Accounts (HSAs)...Read More

Women seem to express greater openness to financial education and getting professional financial advice than men do according to a recent study/white paper from Massachusetts Mutual Life Insurance Company. The study reports that 79% of retired women are receiving professional financial advice, versus 68% of men The white paper, “Closing the Retirement Gender Gap,” compiles...Read More