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What We’re Wishing for in 2021

…repeated, these have been unprecedented times. However, once the pandemic is behind us – something that now seems possible with the Pfizer and Moderna vaccines – it will be time to regroup and think about how to replenish those retirement funds, and to go about…

New Survey Provides Worrying News About Retirement Savings

…Relief, and Economic Security (CARES) Act of 2020 allowed individuals to access the lesser of $100,000 or 100% of their retirement savings without being subject to early withdrawal penalties, and allowing them to repay those funds over a three-year period without the monies being considered…

PENTalk™ Status of Social Security & Medicare Programs

Each year the Trustees of the Social Security and Medicare Trust funds report on the current and projected financial status of the two programs. The Report includes extensive information about the current operations of these important social insurance programs and analysis of their outlook. Assumptions…

Defined Benefit Plans are Making a Comeback – Here’s Why

…such as the 401(k) plan, were never intended or designed to replace the Defined Benefit plan—they were meant to supplement it. 401(k) plans permit access to funds while employed and experience shows that many employees draw on these plans to pay for college education, medical…

The Fiduciary Rule: Where Does it Stand?

…reasonable diligence, care, skill and prudence” to ensure they are selling products and carrying out transactions that are in a client’s best interest.2 The date for finalized SEC rules has also been scheduled for September 2019. State Regulators: New Jersey Governor Phil Murphy recently announced…

Tales of 401(k) Administration Gone Awry – Part 1

…out of date, which makes this the most common voluntary correction program (VCP) filing with the Internal Revenue Service (IRS). (If your retirement plan isn’t currently being audited by the IRS, and there are mistakes with either the language in the plan document or how…

The DOL Fiduciary Rule Is Here Faster Than We Think

…recommendations and Best Interest Contract Exemption. Fiduciaries will therefore need to review and potentially update their investment policies, procedures, contracts and compensation/fee structures. Wagner, Marcia S. Esq. “The New Fiduciary Rules: What Do You Need to Know and Do Now?”, The Wagner Law Group Web…

3rd Quarter 2015 Economic & Market Review

…for the year-to-date (“YTD”). The S&P 500 Index, primarily representative of domestic large-cap U.S. stocks, lost 6.4% in 3Q (-5.3% YTD). Mid- and small-cap stocks, represented by the Russell Midcap and 2000 Indexes, respectively, declined 8.0% and 11.9% and have experienced losses of 5.8% and…

3rd Quarter 2014 Economic & Market Review

…the third quarter. U.S. large-cap stocks appreciated in the third quarter (+1.1%; S&P 500 Index) and thus increased their year-to-date (“YTD”) return (+8.3%; S&P 500 Index). However, small-caps fell hard in the third quarter (-7.4%; Russell 2000 Index) and entered negative territory for the YTD…

4th Quarter 2013 Economic & Market Review

…historical norms (S&P US REIT Index, -0.7% 4th Quarter “4Q”; +2.4% Year-to-date “YTD”). Equity Markets US Equity markets broke nicely from the gate in 2013 (S&P 500 Index, +10.6% 1Q) and finished in robust fashion down the stretch (S&P 500 Index, +10.5% 4Q) for a…