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Tax Tip Tuesday: Tax Tips for Parents

March 26th, 2019|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

If you are a parent of young children, teenagers or other dependents, tax season can often be a frustrating exercise of trying to understand and effectively utilize key tax credits and deductions.  Additionally, the recent enactment of the Tax Cuts and Jobs Act (TCJA), which […]

The Power of Paying Yourself First and Taking Advantage of New Retirement Plan Contribution Limits

March 13th, 2019|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Anyone who’s ever managed their own finances knows that saving can be a challenge and requires both commitment and a strategy.  There often seems to be an endless stream of expenses demanding some piece of monthly income, but one of the most basic tenets of […]

Tax Tip Tuesday: SEP IRAs and Other Retirement Plan Reminders

March 12th, 2019|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

It’s that time of year where the attention of many business owners quickly turns to tax season and ways to reduce taxes—while increasing savings.

For small business owners looking for 2018 tax deductions, along with a way to jump start your retirement savings, the SEP IRA […]

Tax Tip Tuesday: To File Early or Not, That is the Question!

February 12th, 2019|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Once again, it’s that time of year when we all have to start preparing for tax season.  Tax season can often cause angst and evoke a number of concerns from taxpayers, with one common question being the pros and cons of filing taxes early.  Unfortunately, […]

Year-End Financial To-Do: Employers Should Gauge the Retirement Readiness of Retirement Plan Participants

November 15th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

I recently reviewed an overview from an interesting panel discussion at the 2018 PLANSPONSOR National Conference held earlier this year in Washington, D.C.  The panel featured senior executives from some of the top retirement providers in the financial industry; including MassMutual, American Funds and John […]

Scary Financial Mistakes: Failing to Take Advantage of Your 401(k) Plan

October 10th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

When thinking about the prospects of saving for retirement, it’s normal to feel overwhelmed or scared about where to start.  If you are fortunate enough to work for an employer that sponsors a 401(k) plan, you have an easier way to facilitate the journey toward […]

Redefining ‘Success’ for Business Owner 401k Plans

September 19th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Business Owners are starting to redefine what means to have a successful 401k plan.  For many years, the primary metric for a successful plan was the level of employee participation in the plan (i.e.  how many employees contributed to the 401k plan).  However, increasingly, providing […]

Working with Financial Advisors Can Benefit Nonprofit Organizations

July 26th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans and Nick Frigerio, Planning and Research Associate

Nonprofit organizations have the same financial and retirement planning needs as other employer groups such as business owners and self-employed individuals. Nonprofits can include:

Educational Groups (i.e., local K-12 school districts, private/parochial schools, colleges, etc.)
Healthcare Groups (i.e., […]

Nonprofit Retirement Plans Continue to Evolve

July 12th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Retirement plans for nonprofit and tax-exempt entities (particularly 403(b) plans) have historically lagged behind the business owner retirement plan market in terms of modernizing their plan provisions and features.  Traditionally, nonprofit and tax-exempt employers have been uncomfortable with change; at least in comparison to their […]

Opportunity for Higher Education Entities to Modernize Their 403(b) Plans

July 6th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Retirement plans for nonprofit and tax-exempt entities are often structured very differently than retirement plans for businesses (like 401(k) plans), and as a result can provide some unique challenges for both the plan sponsor and participants.  This is particularly evident with 403(b) plans (also known […]