Results for Defined Benefit

It's never too early to start saving for retirement 👴👵 Plan your retirement income today 💰 We are the leading retirement specialists in Dublin CA. and servin...

Defined benefit plans offer an effective solution for potential shortfalls in retirement savings and advantages to employers.

Business Owners: Learn if a Defined Benefits Plan is Right for You Business owners who want to take advantage of the new 20 percent qualified business income (QBI) deduction under the 2017 tax law may want to consider having not only defined contribution retirement plans, such as 401(k) plans, but also defined benefit plans similar

The coronavirus pandemic has completely changed the way Americans work and live. Some employers have been on the front lines fighting the virus head on, while others have been forced to close their doors temporarily or perhaps permanently
If your company is one of the “essential” businesses with “essential” personnel – for example, in the healthcare industry – you may be immediately looking to increase the…

We discuss Cash Balance & Defined Benefit Plans, and specifically, how you can put them to use for your high income, professional practices and small busines...

We present the basics of how actuaries determine different liability measurements for DB plans, and their intended purpose

The combination of increased longevity and declines in the coverage of defined benefit pension plans means that increasingly retirees risk running out of...

Small businesses owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise. In a sense, a small business is like a family. And these are important families in American economic life. After all, small business is vital to the U.S. economy, employing half…

Small business owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise. In a sense, a small business is like a family. And these are important families in American economic life. After all, small business is vital to the U.S. economy, employing half…

I tackled my first employee benefit plan audit in 1984. It was a full-scope defined benefit plan audit, and I’m proud to say that I still have that same audit client today. As a sole practitioner with three staff members, I spend about 30% of my time conducting 12 EBP...

What kind of plan is SPTRFA?
The SPTRFA administers two types of plans: Basic and Coordinated. Both are defined benefit plans. This means that you are guaranteed a lifetime, monthly retirement benefit from the SPTRFA if you meet eligibility requirements. Your benefit is not determined solely by your employee contributions. Rather, it is based on a formula, in which allowable retirement service credit and salary are key factors.

Since the global financial crisis of 2008, the U.S. population has struggled to recover and/or grow retirement savings. Employers providing defined benefit (DB) plans face overwhelming funding expenses, driven by increased life expectancy, stock market fluctuations, and low interest rates. The latter two factors, resulting from the severe recession and unpredictable economic environment experienced since then, have also severely impacted employers’ ability to fund defined contribution…

In general terms, a boomerang employee is an individual who leaves an organization and later returns. The often-used and well-known example is Michael Jordan and his stint as a baseball player before returning to playing basketball in the NBA. Lately, however, there is a new trend among boomerang employees. Some are returning to their previous employers, but not from another company. Instead, they are actually coming…

Health care is expensive, more people are living longer and the market is on a roller coaster. Worrying about running out of money in retirement is not unfounded. But with financial planning, you can get some breathing room, so you can face retirement with ease rather than stress
Inflation is one reason people think they may run out of money in retirement. If you're in your late 60s, and you live another 30 years, assuming even a 3% inflation rate, where's the extra…

Most of us have a pretty good understanding of how IRA and 401(k) plan benefits are taxed. But the taxation rules for defined benefit (DB) plans are less familiar, probably because there are fewer DB plans out there these days
DB plans usually offer several types of annuity distribution options, but most do not offer a lump sum distribution option. Under the tax code, only “eligible rollover distributions” can be rolled over to an IRA or another company plan. Annuity payments do not…

Does anyone really believe the old adage that says what you don’t know can’t hurt you? If you do, it’s probably costing you money
Take your organization’s retirement plan. If you’re an employer with a 401(k), 403(b) or other qualified retirement plan, it’s your fiduciary responsibility to exercise care and due diligence with regard to your plan, and to act solely in the interest of your…

Defined benefit plans, like pensions, can be a big help in retirement. But it’s important you’re strategic about how you use them. To start, let’s look at how they work.

Powell: Guaranteed income for life is tempting, but it could come at a steep cost that's not readily apparent to retirees
By
Retirement columnist
On paper, it's tempting: Invest in a variable annuity and you get a guaranteed income stream for life. But variable annuities that guarantee certain benefits might come at a steep cost that's not readily apparent to retirees, according to new research. The…

For the “Greatest Generation,” who worked diligently after World War II, defining "retirement" was easy. You simply stopped working altogether and devoted most of your time to leisure pursuits. Bolstered by fixed, defined-benefit pensions and Medicare, they often had the luxury of leaving

This is the first installment of a three-part series looking at client recruitment and retention issues
Just as Yelp reviews can influence diners to try a new restaurant, client referrals are crucial to the growth of RIA businesses. Client referrals are the number-one contributor to the new client growth of the Financial Times Top 300 RIAs, according to a survey of the elite group.
Slightly more than one-third – or 36% – of the aggregate client growth of the Financial Times Top 300…