Coordinating an ABLE Account and a Special Needs Trust Because of the unique financial and economic stresses facing people with disabilities as a population, clients have a pressing need for clearly worded strategic guidance from financial planners to help them navigate ABLE accounts and SNT options. When leveraged properly as part of a coordinated long-term […]
Author Archives: Content Creator
21
Feb
Feb
When Is a Roth Conversion Appropriate? Since 1997, the federal tax code has allowed the conversion of a traditional IRA to a Roth IRA, if the appropriate taxes are paid on such a conversion. This creates long-term tax savings and other strategic opportunities for those who have oversaved for retirement in qualified accounts. The appropriateness […]
23
Jan
Jan
Raya v. Barka, No. 19-cv-2295-WQH-AHG, 2023 WL 27358 (S.D. Cal. Jan. 3, 2023) (Judge William Q. Hayes). On March 19, 2019, the Department of Labor informed the Calbiotech, Inc. 401(k) Profit Sharing Plan that it was opening an investigation into its operations. The Department’s letter informed the plan that it had found that Calbiotech and the […]
18
Dec
Dec
Guiding Your Loved Ones Through Tough Times: Estate Planning Consideration Wills and powers of attorney are two components of effective estate planning. Financial professionals are in a privileged position to identify roadblocks that prevent clients from establishing these critical components of an estate plan. When a client or loved ones are ill, incapacitated, or pass, […]
Elyse Archer, Personal Brand Strategist P.S. If you are ready to build your personal brand, increase your influence and grow your income click the link below to schedule a FREE personal brand strategy call with my team here: https://www.freebrandcall.com/fsp.
FSPgo Reports
Final Rule on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights
22
Nov
Nov
Ernie Guerriero, CLU®,ChFC®,CEBS,CPC®,AIF®,RICP® Today, the U.S. Department of Labor released a final rule under the Employee Retirement Income Security Act (ERISA) to empower plan fiduciaries to safeguard the savings of America’s workers by clarifying that fiduciaries may consider climate change and other environmental, social, and governance (ESG) factors when they make investment decisions and when […]
FSPgo Reports
Your ERISA Watch – First Circuit Rules That Life Insurer Owed Fiduciary Duty to Make Timely Coverage Determination
12
Oct
Oct
Shields v. United of Omaha Life Ins. Co., No. 21-1290, __ F.3d __, 2022 WL 4864522 (1st Cir. Oct. 4, 2022) (Before Circuit Judges Barron, Selya, and Gelpí) n May of this year, Your ERISA Watch analyzed Skelton v. Radisson Hotel Bloomington, in which the Eighth Circuit discussed the system by which employers and insurers divide the duties of […]
05
Oct
Oct
The Simplified Employee Pension (SEP) Plan Option It may surprise financial planners to know that small businesses are predominant in the United States. Sadly, however, too many small businesses do not offer a retirement plan to their workforce. Surveys frequently show that the reason small businesses don’t offer plans is because retirement programs are expensive […]
Anne Bachrach, The Accountability Coach Successful and mentally strong entrepreneurs don’t persevere through challenging times and reach new heights by accident.These people don’t always know what moves they need to make to establish themselves. But they recognize that knowing what to avoid is just as important as knowing what to do.Mentally strong entrepreneurs learn to […]
FSPgo Reports
Your ERISA Watch – Goldman Sachs Wins Big on Summary Judgment in Case Challenging 401(k)’s Investments in Goldman Proprietary Funds
29
Sep
Sep
Falberg v. The Goldman Sachs Grp., No. 19 Civ. 9910 (ER), 2022 WL 4280634 (S.D.N.Y. Sep. 14, 2022) (Judge Edgardo Ramos) Fee cases continue to dominate the world of ERISA pension litigation. In this week’s case of the week, Goldman Sachs obtains a complete and somewhat surprising win on summary judgment in a proposed class action […]