The Friday after Labor Day, the anniversary of ERISA’s signing, is earmarked by the Plan Sponsor Council of America (PSCA) as 401(k) Day. What a better time to reach out to Plan Sponsors to speak about the importance of properly naming a beneficiary.
Monthly Archives: August 2020
Bill Cates differentiates between a referral alliance, strategic alliance and center of influence.
Mike McGlothlin, ChFC®, CLU®, CFP® Your clients aren’t the only ones transitioning to retirement. Our industry is also experiencing a shift as many advisors think about transitioning their book of business to the next generation or to an outside financial planner. With so much transition, how do you drive value to your business? How do […]
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Aug
Aug
The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until Aug. 31 to rollover or repay the distribution to avoid paying taxes.
Getting Beyond the Financial Markets to Personal Meaning Large-scale negative circumstances affecting financial markets like the historic drop in 2020 after long-term robust gains are often unexpected. The resulting stress on both advisors and clients is not. However, experience with similar circumstances and prior responses can be a useful and positive countermeasure to the typical […]
20
Aug
Aug
Good news for those employees separating service or having their Plan terminated when they have an outstanding loan. The Department of Treasury (in Proposed Regulation 2020-16564 to be published August 20) has provided relief for those employees for those situations.
18
Aug
Aug
The DOL recently (June 23, 2020) updated its “investment duties” regulation to provide further guidance in light of recent trends in environmental, social, and governance (“ESG”) investing. As the DOL increases its investigations and inquiries into ESG investments held by retirement plans, Plan Fiduciaries should review their plan investments and policies to
17
Aug
Aug
Identifying Who Worries and the Associated Stressors The ability to make informed and effective decisions, especially related to personal finances and/or money management, is important for financial well-being. One of the many roles of financial advisors is to provide clients with advice and information to aid in this process. To do this effectively, advisors must […]
13
Aug
Aug
Referrals. They are arguably the fastest way to grow your business. But it can also be one of the most awkward parts of your relationship. Most of us can think of any number of things we’d rather do than ask our clients for a list of names of friends and family that might benefit from your services.
Susan Pomfret, RICP is Senior Vice President, HECM Lending Division with CrossCountry Mortage, LLC
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