Benefits Blog

EDUCATION: Retirement Planning Services Hosts Exclusive Lunch and Learn with ERISA Expert, Sal Tripodi

Posted by Lindsay Barnard on Wednesday, June 13, 2018 @ 11:15 AM

Our parent company, Retirement Planning Services, was honored to host an exclusive ERISA Lunch and Learn training session on Monday for area attorneys and CPAs, held by one of ERISA's finest (and fellow Coloradan), Sal Tripodi! A special thanks to Sal for extending this honor, since he now only speaks once a year at his Annual ERISA Seminar in Hawaii.

We'd also like to extend a big thank-you to our co-sponsors, Empower Retirement, Millennium Trust Company, and DFA Funds!

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Tags: retirement, Retirement Planning, ERISA, Education, continued education, sal tripodi, empower retirement, dfa funds, millennium trust company, brokers

Savings: The Most Overlooked Word in Health Savings Account

Posted by Lindsay Barnard on Thursday, July 20, 2017 @ 12:24 PM

It comes as no surprise that many Americans are concerned about retirement.  Diligently putting money into 401(k) or any other form of retirement savings account, many still miss one key ingredient that could offer not only tax benefits, but sustainable growth well into retirement.

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Tags: HSA, Benefit Administration, employees, retirement, Retirement Planning, savings, benefits, employers, brokers, 401(k), third party administrator

Bold Steps You Need To Be Taking For Your Retirement

Posted by Nathan Carlson on Monday, August 10, 2015 @ 03:08 PM

Good research needs to be shared.  Such is the case with the following study recently released by American Century Investments.  Seventy-three percent of plan participants said they could have afforded to save more and would have done so if they just knew one key number -- the amount they needed for retirement.  Over one in four participants, ages 25-54, would give themselves a "D" or an "F" in putting money away for the future.  
 
Furthermore, nearly seven in 10 support automatic enrollment at a 6 percent starting contribution rate and more than eight in 10 participants would have favored at least a moderate annual increase in their personal retirement savings of 1% a year until a savings rate of 10% was achieved.
 
Research like this encourages companies that sponsor 401(k) plans to take bold steps.  Add auto-enrollment, auto-increase, and auto-invest options.  A few participants will object but the vast majority will thank you and you will have the calm assurance of knowing you did the right thing.
 
The ERISA specialists at Retirement Planning Services can help clients implement these features, for when done properly, the fiduciary liability is actually reduced.
 
Read the full report here:
Click Here
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Tags: Retirement Planning

New IRS Same‐Sex Marriage Rules Affect Qualified Retirement Plans

Posted by Nathan Carlson on Tuesday, May 13, 2014 @ 03:13 PM

Recently the IRS issued written guidance(1) that significantly impacts all qualified plans and the benefits received under those plans by individuals who have entered into a same‐sex marriage. Among other things, this new guidance impacts 401(k) nondiscrimination testing, the definition of highly compensated employees, beneficiary designations, hardship distributions, participant loans, qualified joint and survivor annuities, rollovers, required minimum distributions, and the overall requirements for a retirement plan to remain “qualified” under the Internal Revenue Code. 

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Tags: 401(k), Retirement Planning, DOMA

U.S. Retirement Readiness: It’s not as bad as you think—It’s worse!

Posted by Nathan Carlson on Monday, March 03, 2014 @ 02:38 PM

Stig Nybo, President of Pension Sales and Distribution at Transamerica Retirement Solutions, in conjunction with Liz Alexander have written a must-read book on retirement entitled, Transform Tomorrow, Awakening the Super Saver In Pursuit of Retirement Readiness.  The book calls attention to the looming retirement crisis in the United States and suggests some fundamental changes to how the retirement industry should present this issue to employees.  

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Tags: Retirement Planning

2014 IRS Cost of Living Adjustments

Posted by Nathan Carlson on Friday, November 01, 2013 @ 01:30 PM

IRS Announces New 2014 Limits

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Tags: Pension, ERISA, 401(k). SIMPLE IRA, Retirement Planning

Why A $Million is Not Enough for Retirement!

Posted by Nathan Carlson on Tuesday, October 22, 2013 @ 03:19 PM

For many, retiring with a million dollars would be a dream come true.  However, for a highly paid professional, a million dollar retirement nest egg may only be a third or fourth of what is actually needed.  Numerous studies have shown that key to a successful retirement is the management of the annual withdrawal rate.  Industry professionals recommend withdrawing no more than five percent of your retirement savings in any year.  Therefore, a million dollar retirement nest egg will only provide a $50,000 annual retirement income, two million would provide an annual retirement income of $100,000, and so on.  Essentially, one takes the desired annual retirement income and divides that number by 5% (.05).

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Tags: Pension, 401(k), Retirement Planning

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