While most Plans Sponsors, Third Party Administrators and Record Keepers know about an 8955-SSA, many Advisors aren't aware of one of the most valuable forms/reports/tools to remove terminated retirement plan participants. Simply asking a plan sponsor what they are doing with those names is a great step towards cleaning up a plan to reduce administrative burden and mitigate fiduciary liability.
With the Fiscal Cliff, particularly as it relates to increases in tax rates, should many Americans take money out of tax-deferred investments by the end of 2012? That is the question many people, particularly those in the upper tax brackets, need to ask themselves and their financial planners.
Inspira, as part of its parent company ABG Capital, has been recognized as one of the best places to work in Pennsylvania. The company achieved the 14th spot on the list of 71 small and medium employers in the state, according to the 13th annual Best Places to Work in PA awards program.
With an almost insurmountable budget deficit and the threat of increasing almost everyone’s taxes if the “Fiscal Cliff” is not addressed, Congress is looking at all avenues to “grab” revenue. At $18.5 trillion in assets, the retirement plan marketplace looks like a tempting place to start.
For the 6th time in the past 8 years, Inspira, as part of its parent company ABG Capital, has been recognized by the Pittsburgh Business Times as one of the Best Places to Work in Western Pennsylvania.
So, Ascensus is acquiring ExpertPlan. In a joint announcement Tuesday evening, the two companies decided to make the day before Thanksgiving an absolute nightmare for ExpertPlan's relationship managers.
IRA assets encompassed 28% of all retirement assets at of the end of the second quarter, according to a November 2012 Investment Company Institute (ICI) research report. The report also noted that assets in IRAs at the end of June 2012 totaled more than $5.1 trillion, a slight drop from $5.2 trillion at the end of the first quarter of 2012, but remain the largest single pot of retirement funds. The entire retirement marketplace was valued at $18.5 trillion.
During my nearly 30 years of retirement and financial services experience, I have come to the conclusion that there are 4 types of investors: Do-it-Yourselfers, Validators, Advice Seekers and Do-Nothings.
The election is over. President Obama has a second term, and Americans can start answering their phones again. But what does this mean for the retirement and financial services industry, and in particular the Individual Retirement Account (IRA) marketplace?