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April 10th, 2018

Retiring Without Enough Savings Is a Top Financial Worry

When it comes to retirement savings, nearly two in three (65%) U.S. adults say they save some portion of their household’s annual income for retirement, an increase of five percentage points since last year, according to The 2018 Financial Literacy Survey, conducted by Harris Poll on behalf of the NFCC (National Foundation for Credit Counseling). Despite the fact that most are saving at least something for retirement, fewer than one in five (19%) feel very confident that they are saving enough.Read more >

The Need to Prepare Baby Boomers for Retirement Is Urgent

The Insured Retirement Institute found 42% of Baby Boomers have no retirement savings, and industry sources say longevity and long-term care expenses are often not considered when Baby Boomers plan for retirement.Read more >
In-Service Distributions for Participants in Phased Retirement Program
“Can participants younger than age 59 ½ who are part of a phased retirement program take an in-service distribution without being subject to the 10% early withdrawal penalty?”Read more >

Roth Accounts: A Different Type of Retirement Savings Diversification

Just as people diversify their investments, the Roth option is viewed as a way to diversify the tax treatment of savings. Here’s what plan sponsors need to know about Roth accounts and in-plan Roth conversions.Read more >

IRS Seeks Input for Determination Letter Program Exceptions in 2019

When the Internal Revenue Service (IRS) ended its determination letter program, it said it anticipates making exceptions based on program capacity to work on additional applications, and the need for rulings in certain areas.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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