FINRA's BrokerCheck

Retirement

Thursday, 01 August 2019

Don’t settle … it’s time to review

Written by Gerald Wernette, CPA, CEBS, AIFA, C(K)P and Jamie Russell

Let’s face it – reviewing your employer-sponsored retirement plan may not be exciting, but avoiding it may hurt your employees’ ability to reach their retirement goals and cost your business in the long run. It's generally a good idea to review your plan annually. If you haven't given it a thorough review within the last 12 months, now may be a good time to do so. Here are 3 reasons why you should take a fresh look: High fees When it comes to saving, many people are more focused on their return and have no idea that high fees are consuming those earnings...

Wednesday, 17 October 2018

Cash Balance Plans

Written by The Rehmann Team

Download a copy of this article   A Cash Balance Plan is a Defined Benefit Plan that looks like a Money Purchase Plan. Like a Money Purchase Plan, fixed contributions are credited to each participant at the end of each year. In addition, participants receive interest credits based on the interest rate defined in the plan. The credit is a fixed rate specified in the plan...

Thursday, 15 February 2018

Retirement Income Planning Q&A

Written by Jason A. Baum, CFP®, ChFC®, MBA

Download a copy of this article When should I begin thinking about taking distributions from my retirement assets and how should I go about doing so? The answer to this question depends upon when you expect to retire and the types of financial assets you own. In general, if you are within 5 years of your projected retirement date you should begin developing a strategy for this process. The strategy would include reviewing how your portfolio is invested, the amount of annual spending you anticipate, what amount of income your portfolio can generate and what other sources of income you may have such as Social Security, a pension or investment property income...

Monday, 12 February 2018

Small Business Tax Credit for Retirement Plan Startup Costs

Written by The Rehmann Team

According to U.S. Department of Labor statistics, 64 percent of all employees in medium- and large-sized firms are covered by an employment-based retirement plan, compared with only 34 percent at small firms. One reason cited by small businesses for not offering retirement plans is the high costs associated with set-up and administration of a retirement plan...

Download a copy of this article   Last December’s Tax Cuts and Jobs Act slashed the corporate income tax rate from a top rate of 35 percent to a flat 21-percent rate (among many other tax reforms). This placed pass-through businesses — whose owners continue to pay tax at individual rates as high as 37 percent — at a disadvantage. To help level the playing field, the Act introduced a new “pass-through deduction,” which allows owners of S corporations, partnerships (including LLCs taxed as partnerships), and sole proprietorships to deduct up to 20 percent of their qualified business income (QBI). Not all pass-through business owners are eligible for the deduction, however...

Thursday, 10 August 2017

Working in your retirement: What you need to know

Written by Forefield, Inc.

Planning on working during retirement? If so, you're not alone. Recent studies have consistently shown that a majority of retirees plan to work at least some period of time during their retirement years. Here are some points to consider...

Monday, 15 May 2017

Are you ready to retire?

Written by Forefield, Inc.

Here are some questions to ask yourself when deciding whether or not you are ready to retire. Is your nest egg adequate? It may be obvious, but the earlier you retire, the less time you'll have to save, and the more years you'll be living off your retirement savings. The average American can expect to live past age 78...

Tuesday, 21 March 2017

Converting retirement savings to retirement income

Written by Forefield, Inc.

You've been saving diligently for years, and now it's time to think about how to convert the money in your traditional 401(k)s (or similar workplace savings plans) into retirement income. But hold on, not so fast. You may need to take a few steps first. Evaluate your needs If you haven't done so, estimate how much income you'll need to meet your desired lifestyle in retirement...

Tuesday, 17 May 2016

Nearing Retirement? Time to Get Focused

Written by Forefield Inc.

If you're within 10 years of retirement, you've probably spent some time thinking about this major life change. The transition to retirement can seem a bit daunting, even overwhelming. If you find yourself wondering where to begin, the following points may help you focus. Reassess your living expenses A step you will probably take several times between now and retirement — and maybe several more times thereafter — is thinking about how your living expenses could or should change...

Thursday, 14 April 2016

Six Potential 401(k) Rollover Pitfalls

Written by Forefield Inc.

You're about to receive a distribution from your 401(k) plan and you're considering a rollover to a traditional IRA. While these transactions are normally straightforward and trouble free, there are some pitfalls you'll want to avoid. 1. Consider the pros and cons of a rollover...

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