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Portal Conductor, Columnist: Nevin E. Adams, JD
Nevin is the former Chief Content Officer and Head of Retirement Research for the American Retirement Association. One of the retirement industry’s most prolific writers, these days he’s “retired,” which means he writes less, but continues to keep his eye on developments in, and threats to, the nation’s private retirement system.
In addition to helping guide the agenda development for the NAPA 401(k) Summit, he’s also the “Nevin” in the Nevin & Fred podcast (along with renowned ERISA attorney Fred Reish), offering irreverent, but relevant perspectives on the critical issues confronting plan sponsors, advisors, and retirement industry professionals.
Article Index
By Nevin E. Adams, JD 12/8/2015
The team of Portman and Cardin have put their heads, and pens, together in a letter to Labor Secretary Tom Perez about the DOL’s fiduciary proposal.Of course, then-Congressmen Rob Portman (R-Ohio) and Ben Cardin (D-Md.) led the charge in the House for the Economic Growth Tax Relief and...
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By Nevin E. Adams, JD 12/7/2015
Ours is a business of change, whether by legislation, regulation, the markets at large, population demographics, the competitive marketplace itself, or as is often the case, more than one of the above. Change, of course, is one thing – disruption quite another. The dictionary defines the latter as...
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By Nevin E. Adams, JD 12/7/2015
A surprising number of participants think target-date funds are guaranteed — with some even more surprising rationales for that belief, according to a new survey.Target-date fund users most frequently say that those funds keep them appropriately invested to and through retirement (34%), and like...
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By Nevin E. Adams, JD 12/4/2015
Think you’ve had a bad week? It could have been worse. Check out what happened to these guys…
In Detroit, Michigan, Kai Xu, 27, was caught smuggling items across the U.S. border into Canada. No, not drugs, though he was spotted due to some irregularly shaped bulges under his sweatpants on both his...
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By Nevin E. Adams, JD 12/4/2015
There are many ways that lawyers contribute to a better understanding of pension law. This week NAPA-Net readers weighed in on the best.Some litigate, some defend against the litigation, while still others advocate by pursuing policy aims, make their way into the legislature (and back), to...
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By Nevin E. Adams, JD 12/3/2015
A congressional subcommittee hearing Dec. 2 gave voice to the conflicting perspectives on the Labor Department’s fiduciary proposal, though it seems unlikely that anyone’s perspective was changed.Titled, “Principles for Ensuring Retirement Advice Serves the Best Interests of Working Families and...
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By Nevin E. Adams, JD 11/30/2015
William Shakespeare once famously wrote, “The first thing we do, let's kill all the lawyers.” But then the Bard hadn’t tried to deal with ERISA.There are many ways that lawyers contribute to a better understanding of pension law — some litigate, some defend against litigation, while still others...
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By Nevin E. Adams, JD 11/30/2015
The Five Ws (or as they are sometimes called, Five W’s and one H) are questions whose answers are considered basic in information gathering in a variety of settings. There are a lot of questions that plan fiduciaries should ask, but here are five W’s and an H that every new plan fiduciary — or...
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By Nevin E. Adams, JD 11/24/2015
Thanksgiving is a special time of year — and one on which it seems fitting to reflect on all for which we should be thankful. Here’s my 2015 list: I’m thankful that so many employers voluntarily choose to offer a workplace retirement plan — and that so many workers, given an opportunity to...
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By Nevin E. Adams, JD 11/20/2015
Think you’ve had a bad week? It could have been worse. Check out what happened to these guys…
In New York City, Kinga Tabares, 27, was reportedly so inebriated when she and a friend got into a cab here…that the cabbie decided to drive the pair right to the police station…but not so drunk that she...
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By Nevin E. Adams, JD 11/20/2015
Next week is, of course, Thanksgiving — a day on which it seems fitting to reflect on all for which we should be thankful. This week we gave readers a chance to share (anonymously, of course) what they were thankful for. Here are some of the best:Thankful for family and a place to go everyday (work...
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By Nevin E. Adams, JD 11/17/2015
Several weeks back, I wrote a column entitled, “5 Things Millennials Need to Know About Saving for Retirement.” But what about those at the brink of retirement? Retirement seems close — perhaps too close for the comfort of Boomers, some of whom have already begun cycling into retirement. In fact,...
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By Nevin E. Adams, JD 11/16/2015
Next week is, of course, Thanksgiving — a day on which it seems fitting to reflect on all for which we should be thankful, perhaps particularly in the wake of recent tragedies in Paris and Beirut. So this week, we’d like to give you a chance to share (anonymously, of course) what you're thankful...
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By Nevin E. Adams, JD 11/16/2015
Good news for those who work with cash balance plans: The IRS has released final regulations that provide guidance and, notably, another year to comply with, what are now final hybrid plan rules. The action comes as time was running out for IRS to publish — and plans to implement — transitional...
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By Nevin E. Adams, JD 11/16/2015
UPDATED TO ADD DOL CONTENT LINKS — NOV. 16, 12:50 P.M.Secretary of Labor Thomas Perez unveiled the DOL’s proposed rule to clarify ERISA's application to state-run IRA programs Nov. 16, creating an unfair advantage for those programs over those offered by the private sector.The proposed regulation...
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By Nevin E. Adams, JD 11/13/2015
Think you’ve had a bad week? It could have been worse (and hey, it’s Friday the 13th!). Check out what happened to these guys…
In Tavares, Florida, William Bechard, was doing yard work…when the unexpected occurred…and I do mean the really unexpected…
In Pleasant Grove, Alabama, a patrol officer...
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By Nevin E. Adams, JD 11/13/2015
By now, you’ve likely either started, or will shortly be starting, quarterly review meetings with your clients. In this week’s poll, NAPA Net readers shared what’s on those agendas and what topics have dominated those discussions.Plan design elements were most commonly cited, by 57% of respondents...
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By Nevin E. Adams, JD 11/12/2015
Another “excessive fee” lawsuit was settled this week — but what’s more interesting than the settlement amount is the speed with which it was reached and how it’s going to be spread among the parties.The settlement of the class action came in the case of Karolyn Kruger, M.D., et al v. Novant Health...
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By Nevin E. Adams, JD 11/10/2015
Beyond the tax advantages to saving for retirement on a pre-tax basis, the ability to watch those savings grow without paying taxes until they are actually withdrawn, there is another savings incentive with which many are not as familiar. It’s the so-called Saver’s Credit, and it’s available to low...
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By Nevin E. Adams, JD 11/9/2015
By now, you’ve likely either started, or will shortly be starting your quarterly review meetings with your clients — this week I’d like to know (anonymously, of course), what’s on that agenda, and what topic(s) have dominated those discussions?You can reply to this week’s survey (anonymously, of...
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