Archive for 'June 2017'

    IRAs: More FAQs about RMDs

    June 23, 2017 11:55 AM by Brian Dobbis

    Insights on estates as beneficiaries, how RMDs are calculated after annuitization, and minimum Roth 401(k) distributions

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

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    The more I meet with financial advisors, the more I’m asked about required minimum distributions (RMDs) from IRAs. As I’ve explained in prior blogs, RMDs are a highly specialized area of retirement planning, and due care should be taken to familiarize oneself with the maze of rules that apply. The consequences for missing an RMD are severe: a 50% penalty surtax assessed on the amount of the RMD that should have been taken. So with that penalty in mind, here are some recurring questions and answers you might want to file for future reference.

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    ERISA Fidelity Bond versus Fiduciary Liability Insurance: What’s the Difference?

    June 15, 2017 4:40 PM by Brian Dobbis

    Plan sponsors often confuse the bond with insurance that is designed to protect them from personal liability.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    With so much attention to fiduciary responsibility in the past year—not to mention increased litigation and tighter regulation—plan sponsors have every reason to explore their insurance options. But there tends to be a lot of confusion, misperception, and misconception about the right course of action.

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    Retirement: Update on State-Run IRAs

    June 8, 2017 4:10 PM by Brian Dobbis

    Programs that already have been established could face stiff headwinds from Washington.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    With thousands of baby boomers turning 65 every day, insufficient savings rates among all Americans, and doubts about the future sustainability of Social Security, much has been written about an approaching “retirement crisis.” We think, in terms of clarity, that additional perspective is in order.

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    The Looming Retirement Plan Coverage Gap

    June 2, 2017 4:05 PM by Brian Dobbis

    Can multiple employer plans help more Americans save for their golden years?

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    According to AARP (formerly, the American Association of Retired Persons), there are roughly 55 million private sector workers in the United States without access to an employer-sponsored retirement plan. Americans accumulate the vast majority of their retirement funds through employer-sponsored defined contribution (DC) plans, which currently comprise $7 trillion in assets, with the most well-known and popular being 401(k)s ($4.8 trillion).

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