SVP, Marketing Director
The first rule of retirement income hasn’t changed: Taking money from a qualified account before retirement - through cashouts, loan defaults, or hardship withdrawals - is almost always a costly mistake as noted in this article in 401K Specialist Magazine.
The Department of Labor (DOL)’s fiduciary rule is scheduled to take effect in April 2017, but that doesn’t mean the fight is over. It’s an election year - and the Republicans and the Democrats have very different views of the new rule as this article in 401K Specialist Magazine points out.
This article published in PSCA's Summer 2016 issue of Defined Contribution Insights discusses how higher turnover in the job market is resulting in an increased number of small retirement plan balances.
The U.S. Department of Labor (DOL)'s Conflict of Interest Rule is the newest challenge before us. Depending on the outcome of pending legal challenges, it has the potential to significantly affect the ways in which firms and advisors conduct business in the qualified retirement plans arena as noted in this article in 401K Specialist Magazine.
All the players on a plan sponsor’s team—employees and the various service providers that are critical to plan operations—are equally concerned about their individual fiduciary responsibility under the newly expanded Fiduciary Rule. At this point, most don’t know where they stand. Can they still advise someone to move from a plan to an IRA?
Just when plan sponsors began to understand the boundaries of fiduciary responsibilities and the opportunities for participant education, uncertainty has once again claimed the day as noted in this article in 401K Specialist Magazine.
It's important to stay in touch with a former employer when retirement savings are left behind. All too often, former employees become missing participants. Last year, states' unclaimed property funds held almost $42 billion - and some of that money came from retirement funds.
Beneficiaries have many options when they inherit 401(k) assets, though some only apply to spouses of the deceased plan participant. This article in 401K Specialist Magazine discusses the importance of helping plan participants understand the rules that may apply to 401k plan assets that are inherited.
This article published in 401(K) Specialist Magazine discusses how the 2014 IRS ruling clarifying the rollover of after-tax contributions into Roth accounts gives serious savers the opportunity to significantly increase the amount of tax-free assets they can accumulate, as well as the amount of tax-free retirement income they have the potential to generate throughout retirement.
This article was featured in Private Asset Management's PAM Magazine. While some wealth advisors continue to shy away from the digital evolution, many are starting to integrate financial technology programs into their traditional businesses. In the article, Millennium Trust Company CEO, Gary Anetsberger, discusses how Millennium Trust's tech products improve an advisor's traditional offerings a
Until recently, uncashed distribution checks were thought to be a relatively minor issue for retirement plans. However, the dimensions of the issue have changed during the past decade and are an issue that has gained the attention of the U.S. Department of Labor (DOL).
This bylined article by Millennium Trust's Terry Dunne, Managing Director of Rollover Solutions, was released in 401K Specialist. In this article, Terry discusses how participants in plans that include company stock may benefit from learning about distribution options, including understanding net unrealized appreciation (NUA) strategies.
This bylined article by Millennium Trust's Terry Dunne, Managing Director of Rollover Solutions, was released in 401K Specialist. In this article, Terry discusses how IRA rollovers are an invaluable part of many qualified retirement plan termination processes.
This bylined article by Millennium Trust's Terry Dunne, Managing Director of Rollover Solutions, was released in 401K Specialist. In this article, Terry discusses how plan sponsors need to thoroughly assess their options for managing missing participants’ accounts.
"To me, it seems that the most important thing a person could do today is to get advice about Social Security planning," says Terry Dunne, a managing director at Millennium Trust Co. in Oak Brook, IL. "The choice of taking it at 62 or 65 or 70 matters. It matters particularly if someone ..."
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