Jul 15, 2013 | Cash Balance Plans, defined benefit plans
Updated 1/1/2019: In our previous post (#2 in this series) we looked at the wealth-accumulation advantages of cash balance plans. Discussing these advantages with business owners (your clients) is essential to selling a cash balance plan. But because clients “live...
Jul 6, 2013 | Cash Balance Plans, defined benefit plans
Updated 1/1/2019: Our previous post defined cash balance plans and explained their structure and how they work. Now let’s focus on the key advantages of using a cash balance plan, and who are its primary candidates. As a financial advisor you’ll want to...
Jun 24, 2013 | Cash Balance Plans, defined benefit plans
As a financial advisor to owners of independent companies, you’ve heard about cash balance plans. Although the number of these plans has increased sharply in recent years, many business owners and their advisors know relatively little about them. So let’s review the...
Apr 19, 2013 | 401k Plans, Roth 401k, Target Date Funds
In February the Department of Labor’s Employee Benefits Security Administration (EBSA) issued new guidance for plan fiduciaries regarding Target Date Funds (TDFs), a relatively new and increasingly popular destination for retirement plan contributions. Although...
Apr 5, 2013 | 401k Plans, 403b Plans, 457b Plans, automatic enrollment, QDIA (Qualifed Default Investment Alternative)
Automatic enrollment (AE) in company retirement plans can help workers increase their retirement savings, but it presents a challenge: How should the employer invest the dollars of employees who do not affirmatively choose an investment vehicle for their contributions...