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November 10th, 2017 |
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ASK THE EXPERTS
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Groom Law Group and Cammack
Retirement Group will field your
questions concerning 403(b) plans
and regulations. Email rebecca.moore@strategic-i.com with Subject
Ask the Experts
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Tax Reform Bill Would Be Unfavorable to NQDC PlansWhile the tax reform bill issued last week includes many favorable provisions for employer-sponsored retirement plans, the proposal effectively eliminates nonqualified deferred compensation (NQDC) plans as tools for tax planning available to executives and public companies and would significantly restrict or effectively eliminate common forms of long-term incentive compensation, according to a Benefits Brief from Groom Law Group, Chartered.Read more > | ‘Successful Savers’ Actively Engage in Retirement PlanningEmotional factors play a key role in planning for life goals, as three-quarters (77%) of those planning for retirement listed living comfortably as a top goal, while 70% cited travel and 56% selected spending more time with family, according to the findings in the most recent PNC Perspectives of Retirement Survey. However, of those considered to be “successful savers,” 72% are confident they will achieve these goals. Most successful savers are taking the concrete steps they need to make those goals achievable.Read more > | Consumers Not Receptive to Employer-Provided Retirement Planning ResourcesOnly about one third (35%) of U.S. consumers use or would use “retirement planning resources provided through employer” while 41% do not or would not, according to Hearts & Wallets research. Yet, retirement savings accumulators, especially younger ones, are seeking help more than five years ago.Read more > | Break From the Grind: More Sleep Would Make Better WorkersNearly three in four (74%) full- and part-time employees say they get less than eight hours of sleep on a typical work night, averaging just 6.9 hours of sleep, according to a survey from Glassdoor. The survey, conducted online by Harris Poll among 1,077 U.S. adults employed full- and part-time, found that 66% say they would be better employees if they got more sleep.Read more > |
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