Retirement Planology CEO Courtenay Shipley named one of NAPA’s 2018 Top Retirement Plan Advisors Under 40, a.k.a. “young guns”
Retirement Planology CEO Courtenay Shipley has been named one of NAPA’s 2018 Top Retirement Plan Advisors Under 40, a.k.a. “young guns.”
Retirement Planology CEO Courtenay Shipley named a Top Woman Advisor All-Star by the National Association of Plan Advisors
It is our pleasure and privilege to announce that our CEO Courtenay Shipley has been selected as one of NAPA’s 2017 Top Women Advisors, specifically as an “All-Star”.
Defining a Retirement Plan Master
Recently a survey was conducted by the Brightwork Partners, of 100 financial consultants and advisors that are actively advising on corporate retirement plans. “Actively” is the key word here because this is really telling as a quick cartography of the industry landscape. Only 10% of these advisors received 51%-100% of their income from managing retirement plans.
Retirement Planology Named to 2017 Financial Times 401 Top Retirement Plan Advisers
Retirement Planology is pleased to announce that it has been named to the 2017 edition of the Financial Times 401 Top Retirement Plan Advisers. The list recognizes the top financial advisers who specialize in serving defined contribution (DC) retirement plans.
What investments you need to change for the DOL Rule
Multiple times today I've heard reports and seen documentation of "advisors" telling their clients that in order to accommodate the DOL's Fiduciary Rule, they need to make substantial changes to their organization's retirement plan's investment menu. But is that true?
Why Financial Wellness Programs Don't Work (But Might Someday)
We're all about employee education when it comes to finances and the company retirement plan, but there's a new trend we've found disconcerting: Financial Wellness Programs. Here are the things to know about why we think they aren’t effective…yet.
2017 401(k) and 403(b) IRS Limits
Hot off the press from the IRS! No changes to the contribution amounts for 401k and 403b plans for next year. The limit on these plans remains $18,000 with a $6,000 catch-up for those turning age 50 or older. IRA limits also remained the same at $5,500 with a $1,000 catch-up.
Retirement Planology Named to 2016 Financial Times 401 Top Retirement Plan Advisers
We’re pleased to announce that Retirement Planology has been named to the 2016 edition of the Financial Times 401 Top Retirement Plan Advisers.
Dear John Oliver: We Love You...But (Part 2)
If you missed Last Week Tonight with John Oliver: Retirement Plans (HBO) and his account of trying to set up a 401k plan for the show's staff, go back and watch! This is part TWO of the highlights along with our commentary where we point out where our pal went a little off course.
Dear John Oliver: We Love You (Part 1)
If you missed Last Week Tonight with John Oliver: Retirement Plans (HBO) and his account of trying to set up a 401k plan for the show's staff, watch it right now. No, seriously, it's worth it! It's so good, we decided to blog about it. This is part one of two.
What does the DOL’s Proposed Fiduciary Rule mean to Plan Sponsors?
In a very, VERY small nutshell, the point and purpose of the DOL’s recently released proposed fiduciary rule is to level the playing field for all financial professionals interacting with retirement plans—401k, etc. as well as IRAs. It establishes an enforceable fiduciary standard of care DOL believes to be consistent with the Employee Retirement Income Security Act. Here’s a summary.
I Made a Promise Mr. Frodo: When to Share Investment Liability with a Fiduciary Financial Advisor
Fiduciary liability can feel like an incredible burden to bear, even for HR professionals. Job requirements day to day are demanding enough without adding retirement plan management on top of it. That’s where a fiduciary financial advisor comes in to help carry the weight of it all.
Nobody can see your invisible jet: Why you need a retirement plan philosophy
Now that you have your prime directive in place, let’s talk about why it’s important for your employees, your company culture, and the sustainability of your business.
Your Prime Directive: Defining Your Retirement Plan Philosophy
When it comes to building your retirement plan, before you do anything you need to know what your prime directive is in relation to benefits and retirement for your employees, your company culture, and the sustainability of your business.
ABA Webinar Notes: Investment & Service Provider Contracts, Continued
Yesterday I had the pleasure of speaking on an American Bar Association webinar sponsored by the Joint Committee on Employee Benefits. Webinars are always difficult -- there's so much information to get through that valuable nuggets often get left out. Here are the last minute deletions:
IRS Announces No Change to Limits for 2016
The IRS announced today that there will be no cost of living increases next year. Important limits related to retirement plans for 2016 are as follows.
Your Default Investment is Your Most Important Investment
Target Date Funds as the default: Super easy, pre-made, autopilot portfolios that match up with the year closest to when you'll retire. But, they’re certainly not all created the equal and as a default choice require extra focus on the due diligence.
You can only rollover IRA to IRA once a year?
Beginning in 2015, IRA owners will no longer be able to complete more than one 60-day rollover in a 12-month period, regardless of the number of IRAs they own. BUT the one-rollover-per-12-month rule does not apply to rollovers between an IRA and a qualified retirement plan (e.g., 401(k), profit sharing, defined benefit, 403(b) plan, etc.) or vice versa. Details here.
The Language You Use DOES Matter
When discussing enrolling in a retirement plan, it's incredibly important to speak in terms that will resonate with everyone in the room. Without universal appeal, you risk being a roadblock to someone's retirement.
Do job candidates want to buy what you're selling?
"Let's put it this way: if employment is a product, then what would the candidate want to buy?" said Juan Pablo Gonzalez, who works with companies to design compensation packages, among many other things, at Axiom Consulting Partners. He may have implied at a dinner party that a match or a retirement plan may not be the best investment for an employer's dollar...and I may have been mildly offended at first!