See our recap of March's key statistics and market commentary below. Noteworthy Numbers The S&P 500 lost 19.60% during the first quarter of 2020, the worst quarterly return since 2008, as the wide-reaching impacts of COVID-19 shocked the global econ...
March
23
2020
Options for Accessing Retirement Plan Money Amid COVID-19 Outbreak
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning, distribution planning, coronavirus, covid-19
with No Comments
Amid the coronavirus (COVID-19) scare, we are getting reports that our clients are imposing layoffs, furloughs, and temporary shutdowns. It makes sense; if people aren’t coming to your business, there’s no work for the employees to do and no money t...
March
03
2020
See our recap of February's key statistics and market commentary below. Noteworthy Numbers The S&P 500 Energy sector fell 14.56% during February. The sector is now down 24.01% year-to-date. The energy sector is negative for the one-year (-25.48%), t...
February
27
2020
What does it mean when a plan fails its ADP test? An ADP test, Actual Deferral Percentage, is a discrimination test required by the law to ensure that the Highly Compensated Employees (HCEs) are not deferring at a much higher rate than the Non-Highly...
February
06
2020
Issues with Independent Contractors and Pension Plans
Posted by David J. Kupstas, FSA, EA, MSEA
in Retirement, Financial Planning, options
with No Comments
A number of our retirement plan clients have independent contractors performing services for them. There are often questions about whether these independent contractors can or should be covered in the company retirement plan. The answer can be boil...
February
05
2020
See our recap of January's key statistics and market commentary below. Noteworthy Numbers The Energy sector fell by 11.07% in January amongst fears of a demand decrease due to the Coronavirus outbreak. U.S. GDP grew at only 2.1% annualized in the ...
January
30
2020
What You Need to Know About the SECURE Act
Posted by J. Saunders Wiggins, CFP®, AIF®
in 401(k), Retirement, Wealth Management, Financial Planning
with No Comments
By now you have likely heard about the SECURE Act recently passed by Congress. The Setting Every Community Up for Retirement Enhancement (SECURE) Act will increase access to workplace retirement plans and expand retirement savings, but what provision...
January
03
2020
See our recap of December's key statistics and market commentary below. Noteworthy Numbers The MSCI Emerging Markets (EM) NR USD was the leading broad index performer for the month of December, returning 7.46%. The EM Index was also the leading perf...
December
26
2019
Five Best Practices to Protect Your Retirement Nest Egg from Cybertheft
Posted by Joné E. Liuzza, ERPA, QPA, QKA
in 401(k), Retirement, Wealth Management, Financial Planning
with No Comments
I remember when I was 10, there was no such thing as a debit card. In fact, growing up in the ‘80s meant no internet, no PayPal, no direct deposit or any type of remote banking. While they make things extremely efficient and easy for us, these techno...
December
18
2019
Congratulations on your retirement. You’ve been preparing for this moment over the course of multiple decades, saving and investing as you should in order to live your retirement years on your own terms. You’ve just received your final paycheck, and ...