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BY NAPA Net Staff 11/6/2012
Today, the aggregate retirement savings shortfall — that is, the projected amount lacking to provide adequate retirement income for all Baby Boomers and Gen Xers when they turn 65 — is a staggering $4.3 trillion. The key to closing that gap is, of course, employer-based plans. For those who love...
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BY NAPA Net Staff 11/5/2012
Regardless of how Congress is reshaped in the wake of today’s elections, legislators on Capitol Hill will face a daunting task: reducing the federal government’s budget deficit. Throw in the adverse consequences of letting the Bush-era tax cuts expire in January — referred to by some observers as “...
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BY Sheri Fitts 11/5/2012
My Nana was a stickler for doing things right. And with Nana there was always a right way and a wrong way. (Nana = right, everyone else = wrong.)After the holidays, the four Fitts children were required to write thank you notes and zip them off to Nana and Grandad in Boise, Idaho. Most grandparents...
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BY NAPA Net Staff 11/5/2012
The winner of the 2013 NAPA 401(k) Advisor Leadership Award may be reading this right now. Is it you?This annual leadership award recognizes the efforts of advisors to:• serve their clients (plan sponsors and participants);• act as mentors;• maintain high ethical standards; and• consistently...
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BY NAPA Net Staff 11/5/2012
Bloomberg reports that some participants are cashing out their 401(k)s to buy real estate. With the home market rebounding and investors wary of the stock market, some participants are more confident in assets they can control and understand. What are the risks? Too much concentration of...
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BY NAPA Net Staff 11/5/2012
In a recently released study, the Insured Retirement Institute (IRI) found that nearly 48% of Generation Xers who consulted a financial advisor have high levels of confidence that they will live comfortably throughout retirement, compared with less than 29 percent who have not. Among Baby Boomers...
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BY NAPA Net Staff 11/2/2012
Political changes resulting from the November 6 elections are unlikely to have a major effect on how critical retirement plan policy decisions are made. Most significantly, decisions about fundamental changes to the tax code are likely to be made in the context of budget issues, not retirement...
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BY NAPA Net Staff 11/2/2012
Setting lower government limits on the contributions that workers can make to their 401(k) accounts would result in lower retirement account balances at retirement for all income groups, according to research by the Employee Benefit Research Institute (EBRI). The impact on younger workers with...
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BY NAPA Net Staff 11/2/2012
While the initial results of the 404(a)(5) participant fee disclosure regs have been very muted, plan advisors should not be lulled into complacency. Participants need to know that they pay fees which are used to support a tax deferred savings account — an account which often includes a match that...
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BY NAPA Net Staff 11/2/2012
Here are the top 10 most-read articles on NAPA Net in October, listed Letterman-style:10. Implementing Tablet Technology in Your Qualified Plan Reviews9. 408(b)(2.0): The Next Steps for Advisors8. Four Resources on Selling You May Have Missed7. Guardian Replaces Head of Retirement Sales6. DC Record...
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