Four Obstacles Women Face When Planning for Retirement
The National Association of Registered Social Security Analysts (NARSSA) | September 13, 2022March 8, 2022 was International Women’s Day, a day to celebrate the many contributions and achievements of all women. And while women have been able to overcome the countless challenges and inequalities in order to achieve success - it is important to remember that they are still faced with obstacles today.When it comes to financial......
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Criminals Targeting Retirement Accounts Create a New Use for Crime Insurance
Society of Financial Service Professionals | January 25, 2023A crime insurance policy for holders of high-value retirement accounts may be the next needed insurance policy. The increasing criminal attacks on 401(k) retirement accounts have led to some plan administrators not making their customers whole because the administrators were not at fault. Account providers of 401(k) and 403(b) plans are subject to the Employee......
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The Status of State Long-Term Care: Who Cares? You Should
Society of Financial Service Professionals | May 01, 2023Public policymakers face a problem—how to pay for the cost of long-term care for people who are no longer able to take care of themselves....
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529 Plan Funds can be rolled over into Roth IRAs
Society of Financial Service Professionals | June 16, 2023Tucked into the year-end federal spending package was a new provision allowing 529 Plan funds to be rolled over into Roth IRAs tax and penalty free....
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Tips to Help Parents Save for Retirement and Pay for College at the Same Time
Society of Financial Service Professionals | July 12, 2023As financial advisors, you know that your parent clients would do almost anything to give their child the best opportunities for a bright future....
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How a Reverse Mortgage Loan Can Enhance a Sound Retirement Strategy
Society of Financial Service Professionals | September 05, 2023According to the National Reverse Mortgage Lenders Association (NRMLA), U.S. homeowners aged 62+ saw their home equity soar to a record $11 trillion in 2022....
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How 401(K) Plan Sponsors Should Prepare for SECURE Act 2.0 Catch-Up Contribution Changes
Society of Financial Service Professionals | September 13, 2023Congress passed new legislation at the end of 2022 called the SECURE Act 2.0. For more information about this legislation, please refer to our previous coverage of how 401(k) plan audits will be impacted by SECURE Act 2.0 moving forward....
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Snowbirding: Financial Considerations of Owning Two Residences in Retirement
Society of Financial Service Professionals | October 11, 2023Many prospective retirees hope to own two residences during their retirement. Whether because of weather, family, or adventure, they look forward to breaking up each year by living in two or more locations....
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The Retirement Savings Contribution Credit and the Saver’s Match
Society of Financial Service Professionals | January 25, 2024The Retirement Savings Contribution Credit (Internal Revenue Code [I.R.C.] §25B)—commonly referred to as the Saver’s Credit—is a tax expenditure meant to encourage low- and moderate-income taxpayers to save for retirement....
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Social Security: Cost-of-Living Adjustments
Society of Financial Service Professionals | January 25, 2024To compensate for the effects of inflation, Social Security recipients usually receive an annual cost-of-living adjustment (COLA). According to parameters outlined in the Social Security Act (42 U.S.C. §415(i)), a 3.2% COLA is payable starting in January 2024....
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