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Educational Resources

Category: Retirement

66 posts categorized as "Retirement"

What is “Key Employee” Life Insurance?

Sep 17, 2019

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

All businesses, regardless of their size, have key employees that are invaluable to the success of the company.  The death of an individual whose services are important to a business will almost certainly cause considerable losses and costs to the business. For example, some customers or clients with whom the key employee enjoyed a close relationship may choose to not stay with the business,

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New State-Run Retirement Plans Can Impact Business Owner Decisions

Sep 10, 2019

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

Business owners have historically viewed employer retirement plans, like 401(k)s, as an effective solution for their own individual retirement savings, a mechanism for attracting and retaining employees or as a business tax saving strategy.  Yet despite the potential advantages, a survey indicated that many businesses, particularly small business owners, hesitate to sponsor their own 401(k) programs due to the cost and administrative headaches.*  As a result, 

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National 401(k) Day is a Reminder of the Importance of Helping Workers Stay on Track for Retirement

Sep 3, 2019

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

With National 401(k) Day scheduled for this week – September 6th, I started thinking about how 401(k) plans have evolved since their beginning.  For example, for years business owners gauged the success of their 401(k) plans solely by the number of employees participating in the plan.  But increasingly, many 401(k) plans are starting to determine their merits by how successfully their employees are on track for meeting their retirement savings goal. 

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Diversify and Modernize Your Income Sources

Aug 28, 2019

By Pete Biebel, Senior Vice President

Investors who are entering the autumn of their investing career might want to put a little spring into the income side of their portfolios.  As investors approach their retirement years they typically de-risk their portfolios, shifting out of riskier equity investments and into more stable income-producing assets.  In the olden days, that shift was accomplished by buying bonds.  While investors were able to diversify their bond portfolios by holding a variety of sectors and maturities,

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Can I Collect Social Security from My Ex?

Aug 21, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

Many people find Social Security decisions confusing, but if you are or were previously divorced, understanding what your options are can be even more complicated.  When I talk with clients about Social Security collection strategies, there are two common questions I often hear regarding divorce and Social Security.  The first is always “Can I collect Social Security from my ex?” This is usually quickly followed by “What happens if my ex remarries/remarried?”

Can I Collect Social Security from My Ex?

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Longevity Risk: Live Long and Prosper

Aug 14, 2019

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

In addition to the usual financial risks we have — such as inflation risk, market risk, and economic risk — there is another risk to confront in retirement…longevity risk. Longevity risk is the risk of outliving your retirement assets, due to an increased life expectancy. Often these risks are underestimated by pre-retirees. According to a recent survey conducted by Nationwide Mutual Insurance Company1,

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Retirement Income Series: How Confident Are You?

Aug 7, 2019

By Debbie Placke, Vice President, Manager Financial Planning Tools and Marketing and Nick Frigerio, Associate Vice President, Planning and Research Associate

Do you have a plan in place for retirement? Whether you are years away, or retirement is right around the corner, there are probably thoughts swirling in your head on what retirement will look like. This, along with other reasons, is why you should work with your Benjamin F. Edwards financial advisor to set a plan in place.

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Educational Entities Now Looking to Streamline and Simplify Their Retirement Programs

Jul 23, 2019

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 the retirement plans of for-profit businesses (like 401k plans). This often results in some unique challenges for both the plan sponsor and participants.  This is particularly evident with 403b plans (also known as Tax Sheltered Annuities) for educational entities, such as private K-12 schools,

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Nonprofit Organizations: Planning for Sustainability

Jul 16, 2019

By Nick Frigerio, Planning and Research Associate, Associate Vice President

Nonprofits have a core mission at the forefront of everything they do for the communities they serve. They have a unique responsibility to invest funds provided by donors that share a passion for that organization’s mission. In fact, nonprofit organizations have the same capital needs as business owners to maintain sustainability.

Sustainability, allowing organizations to have continuous resources available to carry out their mission,

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Governmental Entities Strive to Find the ‘Right’ Mix of Benefits for Employees

Jul 9, 2019

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

Tax-exempt entities share many of the same concerns as other employers in terms of attracting and retaining quality employees.  Determining the ‘right’ mix of competitive compensation and benefit programs to entice new employees, while also rewarding existing employees can be a challenge for all types of employers.  However, some tax-exempt groups have limitations on the type of retirement plans they can offer to their employees. 

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