Archive for Retirement Distributions/Withdrawals

Key IRA Changes Made by the SECURE Act

By Denise Appleby, APA, CISP, CRPS, CRC®, CRSP, Founder and Owner of Appleby Retirement Consulting, Inc. Setting Every Community Up for Retirement Enhancement (SECURE) Act We think it is best to focus just on the SECURE Act’s changes to IRAs today versus employer plan changes as these changes are highly complex. It is best to cover […]

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Posted in: PROVIDE Retirement Income, Retirement Distributions/Withdrawals

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IRA Beneficiary Designations and Surviving Spouse Strategies

By Rex L. Hogue, Attorney and Partner, Haiman Hogue, PLLC Qualified retirement plans (QRPs) create numerous planning problems. I found that most people have no idea how much they complicate estate planning nor do they know how to deal with the complications. Many mistakes can be made that can be devastating, and frequently they are […]

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Essential IRA Tips for Helping Clients Save Taxes and Avoid Penalties

By Denise Appleby, CISP, CRC®, CRPS, CRSP, APA, President of Appleby Retirement Consulting, Inc. There is so much that we need to be paying attention to today to protect our clients. By the end of this article, I hope you learn how to prevent rollover and RMD mistakes that can cost your clients their IRAs, […]

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Optimal Retirement Income Solutions in Defined Contribution Plans

By Steve Vernon, FSA, MAAA, Research Scholar, Stanford Center on Longevity Bill Sharpe, who won a Nobel Prize and is now associated with Stanford University, was recently he was quoted as saying, “Retirement income is a really hard problem. It’s the hardest problem I’ve ever looked at.”  If a Nobel Prize winner in economics, who […]

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401(K) PLANS: DOL Could Take Steps to Improve Retirement Income Options for Plan Participants

The following is an excerpt from the August 2016, GAO Report to Congressional Requesters, “401(K) PLANS: DOL Could Take Steps to Improve Retirement Income Options for Plan Participants”.  Why GAO Did This Study As 401(k) plan participants reach retirement they face the challenge of making their savings last for an unknown lifespan, and many 401(k) plan sponsors do […]

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Tax Efficient Drawdowns in Retirement

By Stephen Horan, PhD, CFA, CIPM, Managing Director, Credentialing, CFA Institute Editor’s note: This presentation was delivered in live webinar format in December, 2015. Stephen’s comments have been edited for clarity and length. You can view a YouTube brief of the original presentation here. You may also choose to take the full length course to […]

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IRS Notice Paves Way for Easier Tax-Free Roth Conversions of After-Tax Dollars

By Denise Appleby, CISP, CRC®, CRPS, CRSP, APA, President of Appleby Retirement Consulting, Inc. If you are one of the many financial/tax professionals who have been seeking clarity about converting after-tax amounts to Roth IRAs tax-free, IRS Notice 2014-54, issued September 18, 2014,  provides welcome answers. While there was never any question that after-tax amounts […]

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Estimating the True Cost of Retirement

By David Blanchett, CFA, CFP®, AIFA® – Head of Retirement Research, Morningstar Editor’s note: This presentation was delivered in live webinar format in 2015. David’s comments have been edited for clarity and length. You can view a YouTube brief of the original presentation here. You may also choose to take the full length course to earn 1 […]

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Posted in: PLAN for Retirement Readiness, PROVIDE Retirement Income, Retirement Distributions/Withdrawals, Retirement Income Planning and Spending, Retirement Investing and Investments

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IRS Issues Final Regulations on Longevity Annuities in Individual Account Plans

By Lisa A. Scalia, CPC, QPFC, QPA, QKA Joanne Jacobson, JD, LLM Marjorie Martin, EA, MAAA, MSPA From the Knowledge Resource Center of Buck Consultants Effective July 2, 2014, deferred annuities that meet the criteria for a qualifying longevity annuity contract can be excluded from participant account balances when calculating required minimum distributions. This will […]

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Traditional IRA Distributions: Optional, Required, Penalties, and Tax Reporting

By Denise Appleby, CISP, CRC®, CRPS, CRSP, APA, President of Appleby Retirement Consulting, Inc. We’re going to be looking at traditional IRA distributions at a very high level, and we’ll talk about Roth IRA distributions as well. I thought this would be an important topic to address because I’ve been receiving so many questions from […]

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United States Department of Labor Employee Benefits Security Administration Lifetime Income Calculator

Editor’s note: Last year, the Department of Labor’s Employee Benefit Security Administration (EBSA) published an advance notice of proposed rulemaking (ANPRM)  about using lifetime income illustrations in defined contribution participant statements such as 401(k)s, 403(b)s, etc.  to help employees understand what their savings might provide in terms of retirement income.  Information like this can help […]

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Year-end Planning and Compliance Requirements for IRAs

By Denise Appleby, CISP, CRC®, CRPS, CRSP, APA, President of Appleby Retirement Consulting, Inc. From a general perspective, we’re going to be looking at some transactions that must be completed by the end of the year in order for your clients to benefit from these provisions. I was speaking with some clients yesterday and I […]

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Is Retirement Planning Advice (versus just investing advice) in the Workplace Now a Possibility?

By Betty Meredith, CFA, CFP®, CRC® Last year I went to the new Costco in Ann Arbor, MI because I could tell that my eyesight had changed so much that it was time for new lenses. I expected a glaucoma test first, but this doctor’s assistant instead used a diagnostic machine to take several pictures […]

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Posted in: PLAN for Retirement Readiness, PROVIDE Retirement Income, Retirement Counseling/Coaching, Retirement Distributions/Withdrawals, Retirement Income Planning and Spending

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Two Articles on IRAs: Help Clients Avoid Mistakes with Inherited Retirement Accounts, and Beneficiary Designations

By Denise Appleby, APA, CISP, CRPS, CRC®, CRSP Editor’s Note:  Denise is a long-time supporter of InFRE and a fellow Certified Retirement Counselor®.  She excels at explaining IRA and employer plan rules and regulations, because not only does she know and understand the regulations, she has extensive practical experience. Here are two articles to help […]

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How to Improve Retirement Income Planning Software for the Mid-market

By Betty Meredith, CFA, CFP®, CRC® Making informed retirement income decisions is much more difficult than making retirement accumulation decisions, and millions of pre-retirement and retired Americans currently do not  have access to the qualified professional advice they need. Professionals choosing to work with these millions of middle mass and middle mass affluent clients in […]

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Standardized “Sizes” Will Boost Quality of Retirement Security for the Mid-market

By Betty Meredith, CFA®, CFP®, CRC® I live just west of Dearborn, Michigan where Henry Ford revolutionized manufacturing in the early 1900s by creating the assembly line. Cars evolved from luxury item for the well-to-do to essential transportation for the ordinary man. Using innovative production techniques, Ford decreased the production time of a car from […]

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Posted in: PLAN for Retirement Readiness, PROTECT the Plan from Retirement Risks, PROVIDE Retirement Income, Retirement Distributions/Withdrawals, Retirement Income Planning and Spending

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The Secure Choice Pension for Private Sector Workers

Editor’s note: the following is an excerpt from the white paper “The Secure Choice Pension” by Hank Kim, Esq., Executive Director of the National Conference on Public Employee Retirement Systems, published in September, 2011. The views presented in this paper are not necessarily the views of InFRE but are presented here to help retirement counselors […]

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Posted in: Public Sector Plans, Retirement Distributions/Withdrawals

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The Scientific Approach to Personal Wealth Management

By Paula H. Hogan, CFP®, CFA Editor’s note:  Being ready for retirement requires having a plan to manage the key retirement risks of longetivity, inflation, medical and long-term care, and market and interest rate risks.  Here are some good reminders from a financial planning point of view of what we as retirement couselors need to keep in mind […]

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Posted in: PLAN for Retirement Readiness, PROVIDE Retirement Income, Retirement Counseling/Coaching, Retirement Distributions/Withdrawals

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Retirement Rants

This is the first of what may become a regular column on issues we all deal with regarding retirement plans.  So why rants?  Among all the products, people, regulations and results, we all have a few issues to rant about! The goal of this column is not simply for me to shout, but rather to […]

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Posted in: PROVIDE Retirement Income, Retirement Distributions/Withdrawals, Retirement Income Planning and Spending, Retirement Investing and Investments

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