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Tag: Ed

32 posts tagged as "Ed"

Scary Financial Mistakes: Retirement Planning Errors Could Lead to Frightful Outcomes

Oct 8, 2021

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

As we enter the bewitching month of October, it’s natural for thoughts to shift to the beautiful fall foliage and the enjoyment of Halloween, when it’s fun to indulge in scary activities. However, for those that are planning for and nearing retirement, making key mistakes in the retirement planning process can lead to some negative and scary outcomes – and not the fun kind!

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National 401(k) Day Highlights the Importance of Retirement Planning

Sep 10, 2021

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

Most people have a mental picture of what their retirement years will look like. For some it might include exciting travel destinations or daily golfing excursions, and for others it might include volunteering or starting a long-overdue business venture. National 401(k) Day, celebrated every year on the Friday after Labor Day, serves as a great reminder that participation in a 401(k) can be a great tool for helping fulfill those retirement goals.

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Summer Savings: Is This the Right Time to Start Investing?

Jul 28, 2021

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

The thought of participating in the market can be a very scary proposition for those just beginning their investment journey. Many people who are considering investing fixate on a variety of perceived roadblocks, bringing to mind a variety of questions. Is now the right time to start investing given the volatile markets? Do I make enough income to start investing?

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Educational Groups Hope to Improve Compliance by Simplifying Their Plans

Jul 23, 2021

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

Retirement plans for nonprofit and tax-exempt entities can often look very different than the retirement programs used by corporate employers, such as 401(k) plans. This can result in some unique challenges for both the plan sponsor and participants of this particular segment of nonprofits. This is particularly evident with 403(b) plans – also known as Tax Sheltered Annuities – which are a popular plan design for educational entities such as private K-12 schools,

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Healthcare Groups Increasingly Explore Options for Enhancing Workplace Benefits

Jul 20, 2021

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

For the initial blog of our series this month on nonprofit entities, we’ll look at the Healthcare marketplace. Healthcare groups have encountered some turbulent times recently, with particular challenges related to healthcare regulatory changes and staffing shortages. Yet, the healthcare market – which includes groups such as hospitals, medical centers, nursing homes, hospices and clinics – continues to experience overall growth and healthcare groups continue to explore effective ways to find and keep qualified staff.

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Summer Savings: Graduation Marks a New Phase of Financial Responsibility

Jun 9, 2021

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

For those who have recently graduated from college – or may be on the verge of doing so – this experience marks a monumental time in your life. The possibilities are unlimited, and the excitement is intoxicating. For most young adults, college graduation is the start of a major transition into adulthood and the prospect of employment in the “real world.” College students will enter the work force armed with degrees and knowledge ranging from computer science and physics,

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Tax Tip Tuesday: New Tax Deadlines Provide Additional Time for Retirement Contributions

Apr 13, 2021

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

If the recent turbulent times have taught us anything, it’s the need to remain flexible! Over the past 12 to 14 months, we’ve all had to react to issues ranging from a health pandemic, shifting work environments, new regulations and erratic markets forcing us to adjust to what feels like a constantly changing environment.

Continuing the theme of adjustment and flexibility,

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Tax Tip Tuesday: SEP IRAs and Some New Retirement Plan Reminders

Mar 16, 2021

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

Now that we’re deep into the “dog days” of tax season, this is a time when many business owners are intently seeking ways to limit their tax burden and/or searching for opportunities to increase retirement savings. Employer-sponsored retirement plans represent a great way to accomplish both of those goals simultaneously. Additionally, the Setting Every Community Up for Retirement Enhancement (SECURE) Act,

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Tax Tip Tuesday: When is the Best Time to File?

Feb 16, 2021

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

As we enter yet another tax season, it may evoke the age-old question for many, “Should I file my taxes early, or wait until the deadline?” As with many quandaries, there is no simple answer to this question, as it depends on each person’s unique tax circumstances, and perhaps also individual personality traits. Are you the type of person who likes to get things done ahead of time,

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Year-End Financial To-Do: Review How Recent Retirement Plan Legislation Might Provide New Opportunities

Dec 8, 2020

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

I’m not sure anyone would disagree that the past 12 months have been stressful and a whirlwind, but they’ve also been eventful. This has been particularly true with all the recent regulatory changes impacting retirement plan accounts. In fact, the last 12 months have brought some of the most significant changes to retirement plan law in more than a decade.

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