Retirement

Delay Social Security Not Retirement

October 26th, 2017|

By Dan Schulte, Vice President and Manager, Annuities and Insurance and
Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

If you are like most pre-retirees, you may be wondering: “When should I begin taking Social Security retirement benefits?”  Americans can begin receiving Social Security retirement benefits as early as age 62. However, beginning benefits […]

Trust Beneficiaries and Your Retirement Accounts

October 18th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

As Estate Planning Awareness Week continues, one often overlooked aspect of estate planning involves beneficiary designations.  Keeping beneficiary designations up to date is one of the most important aspects of legacy planning when you have accumulated assets in tax-deferred retirement accounts, such as Traditional […]

Consider Incorporating Key Strategies for Helping Workers Stay on Track for Retirement

September 25th, 2017|

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

Business Owners are starting to realize the tremendous impact a few key strategies can have in helping employees get on track for retirement. These strategies initially gained traction with large corporate 401(k) plans, but have slowly started to be adopted by small and mid-sized business […]

Nonprofit/Tax-Exempt Retirement Plans: Too Many Investment Options Can Lead to “Choice Overload”

July 12th, 2017|

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

Retirement plans for nonprofit and tax-exempt entities (particularly 403b plans) are often structured very differently than retirement plans for business owners—and can also have unique challenges. One such challenge is the broad number of investment choices offered to plan participants (often more than 30) and […]

Key Trends in the Nonprofit Retirement Plan Marketplace

July 5th, 2017|

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

Retirement plans for nonprofit and tax-exempt entities (particularly 403b plans) have historically lagged the business owner retirement plan market in terms of modernizing their plan provisions and features. So, as the business owner retirement plan market began to embrace and adopt plan provisions aimed at […]

6 Things that Can Blow Up Even the Best Retirement Income Plan

June 26th, 2017|

By Kortney Christensen, CFP®, Executive Vice President, Director of Sales and Marketing

We all know that well-thought-out plans are the ones that frequently turn out differently than we had hoped.  You can develop what seems to be a thoughtful approach to how you are going to fund your retirement and then something happens that blows it […]

How Much Do You Plan to Eat During Retirement?

June 19th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

This may sound like a silly question, but food is one of the essential needs we will have to cover in retirement. Yet many people have not taken the time to calculate how much they will need to cover essential expenses like food, shelter, […]

Paying for Health Care in Retirement

June 5th, 2017|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

People today are living longer, healthier lives than previous generations. And while longevity is something to celebrate, it does mean more years of paying for health care. That said, planning for the unexpected with insurance, and the premiums associated with that insurance, has become more important […]

How to Determine Your Retirement Income Needs

May 30th, 2017|

By Kortney Christensen, CFP®, Executive Vice President, Director of Sales and Marketing

Need help determining how much income you will need in retirement? For retirement income planning purposes, it helps to divide retirement income into two parts—your needs and wants. The goal is usually to design a plan to cover your essential needs first and, if […]

When Should I Start Taking Social Security?

May 22nd, 2017|

By Kortney Christensen, CFP®, Executive Vice President, Director of Sales and Marketing and Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

For many of us, Social Security represents a significant part of our retirement income. The Social Security Administration (SSA) reports that 61% of beneficiaries received at least half of their income from […]