Retirement Outlook Q1 2020: Plan Sponsor Edition

Confidence Comes with Knowing Who is a Fiduciary There is still some confusion among plan sponsors about whether or not they are plan fiduciaries, especially among sponsors of plans with less than $1 million in plan assets. In spite of increasing discussion about offloading fiduciary risk by using a designated 3(38) investment manager, misconceptions about…

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Tax Considerations Before Year End

Here are a few key considerations you may need to review to optimize your financial situation. If these action items are applicable to your unique situation, acting upon them will result in an unquestioned objective win. Many tax strategies only need to be acted upon before the April tax filing deadline of next year, but here are several important considerations that require attention before the New Year’s Eve revelry.

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Setting Up a 529 Plan: What You Need to Know

A 529 plan is a saving plan designed for future educational costs. We take a look at all you need to know about setting up a 529 plan It’s projected that over 20 million students will attend college by 2027. College is expensive. If you think your children will attend a university, it’s crucial to save now. …

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Roth IRA vs. Traditional IRA: The Differences That Affect You

As you may know, the Roth IRA vs. traditional IRA debate has been going on for a while. Let’s get this out of the way first: there’s still no easy answer to this question. Choosing between these two retirement accounts will depend on your specific situation. In other words, you need to consider this decision carefully. Remember, there…

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How Much Do You Need to Retire?

Retirement is a milestone most of us will reach, but not enough of us plan for. Only about a third of Americans believe they have enough money to live comfortably after they retire. In fact, most people underestimate how much they will need, as they forget to factor in healthcare costs. To make sure you…

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401(k) Strategy: How To Make the Most Out of Your Retirement Account

Less than one-third of Americans use a 401k as part of their retirement savings plan. Do you have the savings you need to prepare for the future? Maybe you do not yet have a 401k but are thinking of opening one, or maybe you already have a 401k but are not sure how to maximize…

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