Mitigate Risk with 3(38) Fiduciary Investment Management

by Kimberly DeAngelis on
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When an employer decides to sponsor a qualified retirement plan, they accept certain fiduciary
responsibilities. One critical responsibility is the management and control of the plan assets.
Discretionary authority over qualified plan investments is a heavily regulated function.
Adherence to the...

The use of auto features in 401(k) plans has continued to climb in popularity over the past decade. In fact, auto features such as automatic enrollment and auto escalation are considered best practices in 401(k) plan design as ways to help boost participation and employee savings rates.1

Many...

New IRS Indexed Limits Announced for 2021

by Kimberly DeAngelis on

The 2021 IRS indexed dollar limits for qualified retirement plans have been released and they are mostly unchanged.  The updates are summarized below:

Your 401(k) Plan During the Pandemic

by Kimberly DeAngelis on
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Retirement plan sponsors are dealing with tremendous complexity, confusion and uncertainty. COVID-19 has changed every facet of society as we know it — including how you manage your 401(k) plan. If you're having difficulty wrapping your head around all of the changes and to-dos, you're not alone.

Long-Term Care Insurance: When and What Kind?

by Kimberly DeAngelis on

Long-Term Care Insurance: When and What Kind?

Although the current and future costs of long-term care are a chief concern for many, especially as we age, long-term care planning remains one of those less-than-desirable topics to raise with your advisor.

Incapacitation can be a very difficult...

Top 10 CARES Act Provisions

by Kimberly DeAngelis on

From our friends and colleagues at Buckingham Strategic Partners, this helpful list highlights what you need to know about the CARES Act, covering everything from economic impact payments to business loans to medical expenses.

Congratulations! You landed a new job. Whether you’ll be stepping into a similar role just at another company or embarking on a completely new career, understanding some beyond-the-salary financial implications of your new gig can make the switch a lot easier.

From keeping track of the savings in...

IRA and Retirement Plan Limits for 2020

by Kimberly DeAngelis on

 

IRA contribution limits

The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2020 is $6,000 (or 100% of your earned income, if less), unchanged from 2019. The maximum catch-up contribution for those age 50 or older remains at $1,000. You can contribute to both a...

Old habits are hard to break. You may have been raised in a household where your family needed every penny to make ends meet. Perhaps you started working at a young age to help pay the bills. The value of hard work becomes ingrained, and you learn not to spend money frivolously.

If this describes...