In recent years, traditional pension plans have become less common and defined contribution plans have grown in popularity.
To help clients maximize their retirement benefits, cash balance plans provide an alternative to traditional pension plans. Cash balance plans combine the best benefits of traditional pension plans and defined contribution plans.
We can probably agree the phrase “Money can’t buy happiness.” isn’t entirely true, or at least, that it ignores the differences having enough money can make.
Leaves are falling. There’s a chill in the air. It can only mean one thing: Annual benefits enrollments are right around the corner!
Financial professionals and plan sponsors are often well aware of the pitfalls of taking Social Security too soon. But are your plan participants?
When a client or employee loses a spouse, they lose a lot more than a mate or partner; they may also lose a sense of themselves and their hopes for the future. If they’re not careful, they could also lose a lot of money.
Diversification is a common investment strategy for many. Not only are workers encouraged to diversify within a portfolio, many will need to rely on a diverse range of income sources in retirement.
Social Security has long been a relied-upon source of income for retirees. As you meet with plan participants, you may need to have different conversations with women than you do with men, especially when it comes to exploring the role of Social Security benefits in their retirement strategy.
In the dynamic world of business, the role of a CEO has evolved to become much more complex and demanding than it was just a few years ago. The pace and intensity of change in today’s business landscape are amplified by technology, globalization and the transformational forces they bring along.
Cyberattacks are more prevalent than ever. The most recent report from the FBI’s Internet Crime Complaint Center (IC3) Report calls the increase in cyberattacks in 2021 “unprecedented.”1 What’s more, the IRS claims COVID-19 pandemic-related scams, such as Economic Impact Payment and tax refund scams, are still a concern for taxpayers.2
