Category Archives: Retirement Plans

The most difficult clients to deal with are……

I’m becoming more like Larry David as I get older. Not the hypocritical part of Larry, but the part that says what he feels without a filter. Years ago, I worked at that Fakakta law firm, and one of the … Continue reading

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You can’t let your system be overwhelmed

My son loves autograph signings. The enjoyment for me is dependent on whether the show is run well. That means the signees show up on time and there is a process in place to hold the showgoers in a manageable … Continue reading

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The controlled group rules, you need to understand it’s a thing

The controlled group rules, basically say that in many circumstances, companies with similar ownership will be considered as one company. The rules were put in place to stop abuses of excluding rank-and-file employees from retirement coverage while benefiting the highly … Continue reading

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Forgotten accounts is a big deal

According to a recent study, there are 29.2 million forgotten participant 401(k) accounts that hold $1.65 trillion in assets, up from 24.3 million and $1.35 trillion in 2021. That is 25% of all 401(k) plan assets. That is an incredible … Continue reading

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Nationwide teaming up with Morningstar for managed accounts

Nationwide is teaming up with Morningstar Retirement by offering a new managed account service that merges custom retirement strategies with direct advisor involvement. Financial advisors who work with retirement plan clients will be able to leverage Morningstar Retirement’s advisor-managed accounts … Continue reading

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Empower to offer retirement income solutions

Empower announced partnerships with several asset management and insurance providers to offer a range of in-plan and out-of-plan guaranteed income solutions to its defined contribution (DC) plans. Partnerships with American Century, American Funds, and other providers will offer annuity and … Continue reading

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You can’t let opinions bother you

I have been blocked by 3 of the sitting 7 members of my local board of education on social media because it’s my opinion that they’re doing a bad job. Imagine that, a publicly elected official with such fragile egos, … Continue reading

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Building consensus is the key

I work as the attorney for a not-for-profit organization, at least as the attorney for the board. It seems all the dysfunction I saw working with the College Republicans, the Stony Brook Statesman newspaper, the synagogue, and those law firms … Continue reading

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The advisor model has changed

The CFP Board through a survey, claims that about 97% of Americans agree that the financial professional who provides one-time recommendations or other one-time advice about retirement investments should be required to act in their client’s best interest, including rollovers. … Continue reading

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Popularity means nothing

Jay Leno had better ratings than David Letterman. Avatar drew more money than Black Panther. PC outsells Mac. Popularity doesn’t mean better. It never has, it never will. So if a potential plan provider will tell you how big or … Continue reading

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