Category Archives: Retirement Plans

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 →

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 →

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 →

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 →

People will say that when it comes to retirement savings, the glass is half empty. I see it as half full. According to Vanguard, a record-breaking 43% of participants raised their rate of salary deferral into retirement savings. People will … Continue reading →

Modern Wealth Management acquired Beltz Ianni & Associates’ advisory business and their third-party plan administration services, Enhanced Retirement Solutions, which will be rebranded to Modern Wealth Business. The move is the 6th acquisition for Modern Wealth since its founding in … Continue reading →

The Department of Labor (DOL) has sued Paul Palguta, the owner of RiversEdge Advanced Retirement Solutions LLC, a third-party administrator for embezzlement of plan assets. RiversEdge’s retirement plan clients had agreements with the TPA, allowing Palguta and RiversEdge to execute … Continue reading →

Hub Retirement and Private Wealth, a division of Hub International Ltd., announced the launch of HUB Retirement Select PEP, a pooled employer plan (PEP) designed for theiur clients with less than 100 employees seeking to offer 401(k) retirement plans. Sallus … Continue reading →

The rules are the rules and I believe that rules should be consistent and rational. The Internal Revenue Service (IRS) disagrees with that notion when it comes to automatic enrollment and merged plans into MEPs and PEPs. SECURE 2.0 requires … Continue reading →

Bank of America’s research found that 401(k) account balances rose 15% to an average of $86,280 in 2023 because of higher contributions and a strong stock market. Bank of America’s Retirement and Personal Wealth Solutions conducted their research information on … Continue reading →