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| Benefits & Administration |
| Crowd Funded 529 Plans Show Promise for Employees |
| In March 2017, Franklin Templeton Investments announced the launch of a crowdfunding tool called “Spryng,” designed for use by NJBEST and Franklin Templeton 529 College Savings Plan account holders. Pronounced “spring,” the tool was developed to “harness the power of crowdfunding and social media, by creating a secure and convenient method to engage family and friends in saving for future higher education expenses.” At the time, Roger Michaud, director of college savings for Franklin Templeton Investments, highlighted the importance of starting the college savings effort early, investing regularly and asking family and friends for help along the way.Read more > |
| When Saving More Harms Workers’ Financial Future |
| In the defined contribution (DC) retirement plan industry, it is simply taken for granted that everyone should be saving more and that everyone should save as much as they possibly can. Commentator Andrew Biggs offers some important caveats to the seemingly sensible recommendation.Read more > |
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| Ask the Experts |
| Roth Accounts and Participant Post-Retirement Benefits |
| “I have heard that a Roth 403(b) can actually help participants maximize their after-tax retirement benefit. If this is true, can the Experts assist me with the math as to why?”Read more > |
