Blog

What is a Lifetime Income Illustration? Every year, Vanguard’s Institutional Investor Group analyzes account data from five million retirement accounts. Across these accounts, the typical balance varies widely depending upon the method used for calculation. The average 401(k) savings balance is $129,157. However, the median account balance is only $33,472, according to Vanguard's latest data. This amount of retirement funds is not enough money for most people to live on for the rest of their lives.

Read More >

Do you know what a defined benefit plan is and the real benefits you will receive? In this article we explore the tax advantages, purpose, and flexibility of a defined benefit plan a type of retirement plan that promises to pay an eligible employee, a monthly benefit at retirement.

Read More >

From both an employer’s and an employee’s perspective, why is the correct handling of a designated beneficiary form and its completion so critical? It’s because this all-important form controls how retirement funds will be allocated in the case of death, divorce, and other life-altering events and who will benefit from those funds. What role does the SECURE Act of 2019 play in retirement distribution for both employers and employees? Get educated, so you can be certain your retirement funds and plans will be handled in just the right way.

Read More >

In this article we bring you part two of the legislative updates for the Cycle 3 restatement. Learn more about the new legislation as well as what to do next. There is a tremendous amount of administrative compliance involved with these new laws.

Read More >

Important retirement plan requirements for California employers! In 2016, California passed legislation requiring all employers with five or more employees, who do not have a company retirement plan, to offer a state-run retirement program to their employees. The law became effective in 2020 and this program is known as Cal Savers.

Read More >