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| Administration & Benefits |
| Financial and Emotional Planning Key to Happy Retirement |
| Preparing for retirement is less akin to running
a race and more of a long-term commitment, Elaine Sarsynski, executive vice
president of MassMutual Retirement Services, tells PLANSPONSOR. A MassMutual
study finds a strong correlation between happiness and planning. The retirees
who express the highest levels of contentment are the ones who took concrete
steps to order both their emotional and their financial lives at least five
years before retirement. Sarsynski stresses that even retirement plan
participants who are not currently on track to achieve what they might think is
a necessary accumulation can still take action.Read more > |
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| Sponsored message from Vanguard |
The Washington Connection: Key issues in the run-up to mid-terms
In the newest “Washington Connection” installment, Ann Combs, head of Vanguard Government Relations, offers insight on the latest legislative and regulatory issues from our nation’s capital.Read more > |
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| Ask the Experts |
| Ask the Experts – Processing 403(b) Loan Defaults |
| “I have some questions about how 403(b) loan defaults
are processed. I realize that, once a participant defaults on a loan, it’s a
deemed distribution and a 1099R is issued. But what should happen to the
participant’s account? Is it reduced by said distribution? And what happens to
the outstanding loan? Is interest still accumulating on the deemed
distribution? How is such interest reported going forward?”Read more > |
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| Products, Deals & People |
| Insurance brokerage firm and employee benefits
solutions provider Lockton hired David Dennis to join its employee benefits
operation in Chicago. As unit manager and senior vice president, Dennis is
responsible for providing guidance and developing comprehensive benefit
programs to address the risks that employers face. He will focus on client
retention and manage a team of Lockton professionals as they assist employers
with marketing, funding issues, retirement plan design, and analyses of
employee health and welfare benefit programs.Read more > |
