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What’s on our mind? You can read about it in our blog. Whether it’s ideas from the industry or emerging trends, you can read about it here. And once in a while, we may throw in a movie review or some other surprise. So keep checking in. We’re glad to have you reading along.

 

Monday, June 1, 2020

The recent market volatility brought on by COVID-19 has been unsettling to investors as the way forward has become more uncertain and in some cases, changed daily. Recent market volatility has been both dramatic on the downside, with...

 

Monday, May 25, 2020

Watch Out for Coronavirus Scams Fraudsters and scam artists are always looking for new ways to prey on consumers. Now they are using the same tactics to take advantage of consumers' heightened financial and health concerns over the...

 

Friday, May 15, 2020

During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only to jump by 4.6% on the first Monday in March. 1 By all accounts, the drop was largely driven...

 

Friday, May 1, 2020

Bear Markets and Past Market Declines As of March 12, 2020, the S&P 500 Index entered into bear market territory, defined as a 20% decline from the index’s past high. The Dow Jones Industrial Index, another often quoted index,...

 

Monday, April 27, 2020

Coronavirus Aid, Relief, and Economic Security (“CARES") Act, enacted March 27, 2020 (summarized in two pieces—provisions primarily affecting individuals (in a separate piece) and provisions primarily affecting businesses...

 

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Monday, April 20, 2020

Coronavirus Aid, Relief, and Economic Security (“CARES") Act, enacted March 27, 2020 (summarized in two pieces—provisions primarily affecting individuals below and provisions primarily affecting businesses in a separate...

 

Monday, April 6, 2020

Updated March 30, 2020 CARES Act Legislation Summary On March 27, 2020, the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (the “Act”) was signed into law. A portion of the Act is intended to loosen access to...

 

Monday, April 6, 2020

COVID-19 INSIGHTS FOR RETIREMENT PLAN SPONSORS As of March 2020, the COVID-19 pandemic has made its impact throughout the United States. Not only has it had a significant effect to the economy, it has changed nearly every Americans way...

 

Thursday, April 2, 2020

We are living in unprecedented times -experiencing a world-wide pandemic, which translated to a financial crisis. It is surreal. A few weeks ago, we were leading our normal lives, and seemingly overnight everything changed. People grew...

 

Monday, March 9, 2020

Retirement plan fees are complicated. Between administration, investment management, record-keeping, consulting, revenue sharing, sub-TA and 12b-1, it isn’t always clear to plan participants or plan sponsors exactly what...

 

Monday, March 2, 2020

IRA contribution limits The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2020 is $6,000 (or 100% of your earned income, if less), unchanged from 2019. The maximum catch-up contribution for those age 50 or...

 

Monday, February 24, 2020

Questions & Answers Which employees do you have to include in your cash balance plan? You generally must include all employees who are at least 21 years old and have at least one year of service. Two years of service may be required...

 

Monday, February 17, 2020

Advantages of cash balance plans The plan offers guaranteed pension benefits for employees This is the key similarity between cash balance plans and traditional pension plans. Each participant ultimately receives a dollar amount...

 

Monday, February 10, 2020

Tax benefits of cash balance plans Tax considerations for employees When you contribute to a cash balance plan on behalf of your participating employees, those employer contributions are not currently included in the employees' taxable...

 

Monday, February 3, 2020

How does it work? Hypothetical accounts Each participant in a cash balance plan has a hypothetical individual account or "cash balance" established for record-keeping purposes. With these hypothetical accounts, participants can easily...

 

Wednesday, January 15, 2020

What is a cash balance plan? A cash balance plan is a qualified employer-sponsored retirement plan that has become increasingly common in recent years as an alternative to (or replacement of) the traditional defined benefit pension...

 

Wednesday, January 8, 2020

The Fundamentals of Disability Insurance Disability insurance pays benefits when you are unable to earn a living because you are sick or injured. Most disability policies pay you a benefit that replaces a percentage of your earned...

 

Thursday, December 19, 2019

Do I need disability income insurance? Although most of us are aware of the need for health insurance coverage when determining our risk management needs, many of us fail to consider the possibility that we could become disabled. A...

 

Thursday, December 12, 2019

Questions & Answers Which employees do you have to include in your new comparability plan? In general, to be "qualified" (i.e., tax exempt), a plan must meet employee coverage tests that demonstrate that the plan does not discriminate...

 

Wednesday, December 4, 2019

When can it be used? Generally, any employer is eligible to set up a new comparability plan While just about any employer can set up a new comparability plan, it is most suitable for businesses with owners and principals who: Want the...

 

Friday, November 22, 2019

What is it? In general A new comparability plan is a qualified profit-sharing plan that can have more substantial contributions for favored employees (usually higher-paid workers and key employees). With this type of plan,...

 

Monday, November 18, 2019

When can it be used? You anticipate the need for long-term care, you wish to protect your assets for your loved ones, and you can afford to pay the premiums. When buying an LTCI policy, you must consider not only whether you can afford...

 

Monday, November 11, 2019

Avoiding penalties is a crucial piece of wealth management. Long-Term Care Insurance (LTCI) is no exception. One of the advantages of LTCI is the ability to leave a legacy to loved ones after entering a nursing home, but let’s...

 

Friday, October 25, 2019

Long-Term Care Insurance (LTCI) can be an asset when used as a protection planning tool. As with any wealth management or retirement planning tool, it is important to weight the strengths and tradeoffs to decide if it is the right fit...

 

Thursday, October 3, 2019

Long-Term Care Insurance (LTCI) can be a great addition to your overall asset protection strategy under the right circumstances. Below we define LTCI and how to use it as a retirement planning tool. What is it? Long-term care insurance...

 

Monday, September 16, 2019

Fall clean-up: it’s time to check the honey and your money I am a beekeeper. I started my apiary earlier this year with two hives, and I am hoping that one day I will be able to share honey with my friends and family while I...

 

Tuesday, August 20, 2019

How Teaching my Daughter to Ride Her Bicycle Completely Changed my Perspective on Investing This is a photograph of me with my daughter Deborah about ten years ago starting the MS Bike Tour in New York. It was one of many rides we...