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NAPA Net Daily

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Minneapolis-based 403(b) advisor Steven R. Berger, 44, was among the 58 people killed at the Route 91 Harvest Music Festival in Las Vegas on Sunday, Oct. 1.Berger was an advisor at EFS Advisors in Minneapolis, and would have celebrated his 10th anniversary with the firm in December. He built a... READ MORE
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and executive compensation arrangements.A recent call with an advisor in New Hampshire is representative... READ MORE
A proposal to allow some retirees to receive lump sum Social Security payments would result in higher costs for Old Age, Survivor and Disability Insurance (OASDI) in the short term, but a small net reduction in OASDI costs in the longer term, says Social Security Chief Actuary Stephen Goss.The... READ MORE
American economist Richard Thaler, a pioneer in behavioral economics, has been awarded the 2017 Nobel prize for Economic Science.Thaler, currently with the University of Chicago, was a force behind the automatic default options in the Pension Protection Act of 2006. As early as 1994, he proposed... READ MORE
It’s said that reasonable minds can differ – and that turns out to be the case in another university 401(k) suit.The plaintiffs in this case are five employees of Massachusetts Institute of Technology (MIT) and participants in the MIT Supplemental 401(k) Plan. The suit – filed a little more than a... READ MORE
President Trump signed legislation on Oct 6, 2017, that allows broker-dealers to publish public research reports on exchange-traded funds.The Fair Access to Investment Research Act of 2017 (S. 327), sponsored by Sen. Dean Heller (R-NV), directs the SEC to establish a safe harbor for research... READ MORE
There’s an old saying that when you assume… well, here are six assumptions that can create real headaches for retirement plan fiduciaries.Assuming that not being required to have an investment policy statement means you don’t need to have an investment policy.While plan advisers and consultants... READ MORE
Thought leadership, especially when focused on how to increase client satisfaction or generate retirement income, is a “big differentiator” when it comes to developing targeted and successful communication strategies directed at financial advisors (FAs), according to a new study.Other key... READ MORE
Baby Boomers are exhibiting a stronger sense of financial preparedness and confidence, according to a recent study that explores generational perceptions of retirement readiness.Allianz Life’s “Generations Ahead Study” of 3,000 Americans found that more than 7 in 10 Boomers (72%) said they feel... READ MORE
Nonqualified deferred compensation (NQDC) plans are once again emerging as a critical plan design opportunity – and one on which a growing number of advisors are focused. This week, we’d like to know if NQDC designs are in your portfolio.NQDC plans come in a variety of formats and designs: account... READ MORE

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