The document discusses options for defined benefit plan participants to receive either a lump sum distribution or annuity payments. It notes that some plans offer participants the option to take a lump sum payout equal to the present value of their future annuity benefits instead of receiving fixed annuity payments. Taking a lump sum allows participants to have greater control over their retirement assets and investment choices, but also bears more investment risk than guaranteed lifetime annuity payments. The document provides questions for participants and their financial advisors to consider when evaluating whether a lump sum or annuity is a better fit based on an individual's retirement goals, risk tolerance, and tax situation.
Auto Workers Pension Defined Benefit Lump Sum vs. Annuitybruceparmenter
The document discusses options for defined benefit plan participants to receive a lump sum distribution rather than annuity payments. It notes that over 50% of defined benefit plans offer a lump sum option in addition to an annuity. A lump sum could provide greater control, investment flexibility, and ability to leave assets to heirs compared to a lifetime annuity. However, annuities guarantee lifetime income and reduce investment risks. The document provides steps for evaluating the lump sum option, including reviewing plan documents to determine eligibility, restrictions, and payment amounts with a financial advisor.
September ViewPoint Newsletter from Steve Stanganelli CFP(R)Steve Stanganelli
Welcome to the September 2011 edition of the ViewPoint Newsletter from Steve Stanganelli, CFP(R) of Clear View Wealth Advisors, a fee-only RIA located in Massachusetts. In this issue, retirement income planning, college funding strategies and tax tips for business owners and those going through divorce are shared.
Principal protection with upside potential. 20% rollover bonus. 401k,IRA rollover eligible. For more information call (888) 235-8060 or visit us at www.AdvisorRick.com.
Mary Beth Gray provides a "how to" of the issues you need to consider when creating a distribution policy, and what is or is not permitted by the IRS. Tabitha Croscut discusses diversification language in plans and what the IRS decided was the definition of a "qualified participant."
This document discusses Welltower's commitment to environmental, social and governance (ESG) initiatives. It highlights Welltower's green bond framework, which outlines eligible green project categories and governance practices for issuing green bonds. It also summarizes Welltower's sustainability achievements in areas like energy reduction, renewable energy use, greenhouse gas emissions avoidance, water conservation, and waste recycling. Finally, it outlines Welltower's social initiatives for employees like caregiver leave, learning and development programs, and their WELL+ wellness program.
The Ins and Outs of Planned Gift AccountingBlackbaud
This document summarizes a presentation about accounting for planned giving programs. It discusses the importance and challenges of these programs, as well as providing an overview of common planned giving instruments and key accounting considerations. Planned giving programs can include wills, trusts, and other agreements that allow donors to make future commitments to non-profits. Proper accounting requires determining whether agreements are revocable or irrevocable, and if the non-profit acts as a trustee for assets or simply receives a beneficial interest.
The past 30 years has born witness to the collapse of the private pension system with for-profit employers, tax-exempt entities and now the governmental sponsors replacing defined benefit pension programs with defined contribution plans. This practice spawned a well-documented transfer of investment and funding risk from employer to employee. Now, most defined contribution plans render the employee the sole decision maker on the four factors that determine an employee's ability to retire successfully: contribution rate, investment strategy/return, time horizon, and spending needs in retirement.<br /><br /> In this presentation we will address what employers can do to help employees meet the demands of the new retirement plan era.
The CARES Act: A Simple Summary for InvestorsSusan Langdon
Sweeping legislation to respond to COVID-19 pandemic was cleared by Congress and signed into law on March 27, 2020. The Coronavirus Aid, Relief, and Economic Security Act (“the CARES Act”) authorizes more than $2 trillion to battle COVID-19 and its economic effects. The law is wide-ranging from support to the health care system’s fight against the coronavirus, as well as direct payments to individuals, expanded unemployment insurance, loans to small and large businesses, and support for state and local governments.
This document provides an overview on retirement investor’s relief in the government’s stimulus bill to help alleviate the financial strains from the coronavirus.
Auto Workers Pension Defined Benefit Lump Sum vs. Annuitybruceparmenter
The document discusses options for defined benefit plan participants to receive a lump sum distribution rather than annuity payments. It notes that over 50% of defined benefit plans offer a lump sum option in addition to an annuity. A lump sum could provide greater control, investment flexibility, and ability to leave assets to heirs compared to a lifetime annuity. However, annuities guarantee lifetime income and reduce investment risks. The document provides steps for evaluating the lump sum option, including reviewing plan documents to determine eligibility, restrictions, and payment amounts with a financial advisor.
September ViewPoint Newsletter from Steve Stanganelli CFP(R)Steve Stanganelli
Welcome to the September 2011 edition of the ViewPoint Newsletter from Steve Stanganelli, CFP(R) of Clear View Wealth Advisors, a fee-only RIA located in Massachusetts. In this issue, retirement income planning, college funding strategies and tax tips for business owners and those going through divorce are shared.
Principal protection with upside potential. 20% rollover bonus. 401k,IRA rollover eligible. For more information call (888) 235-8060 or visit us at www.AdvisorRick.com.
Mary Beth Gray provides a "how to" of the issues you need to consider when creating a distribution policy, and what is or is not permitted by the IRS. Tabitha Croscut discusses diversification language in plans and what the IRS decided was the definition of a "qualified participant."
This document discusses Welltower's commitment to environmental, social and governance (ESG) initiatives. It highlights Welltower's green bond framework, which outlines eligible green project categories and governance practices for issuing green bonds. It also summarizes Welltower's sustainability achievements in areas like energy reduction, renewable energy use, greenhouse gas emissions avoidance, water conservation, and waste recycling. Finally, it outlines Welltower's social initiatives for employees like caregiver leave, learning and development programs, and their WELL+ wellness program.
The Ins and Outs of Planned Gift AccountingBlackbaud
This document summarizes a presentation about accounting for planned giving programs. It discusses the importance and challenges of these programs, as well as providing an overview of common planned giving instruments and key accounting considerations. Planned giving programs can include wills, trusts, and other agreements that allow donors to make future commitments to non-profits. Proper accounting requires determining whether agreements are revocable or irrevocable, and if the non-profit acts as a trustee for assets or simply receives a beneficial interest.
The past 30 years has born witness to the collapse of the private pension system with for-profit employers, tax-exempt entities and now the governmental sponsors replacing defined benefit pension programs with defined contribution plans. This practice spawned a well-documented transfer of investment and funding risk from employer to employee. Now, most defined contribution plans render the employee the sole decision maker on the four factors that determine an employee's ability to retire successfully: contribution rate, investment strategy/return, time horizon, and spending needs in retirement.<br /><br /> In this presentation we will address what employers can do to help employees meet the demands of the new retirement plan era.
The CARES Act: A Simple Summary for InvestorsSusan Langdon
Sweeping legislation to respond to COVID-19 pandemic was cleared by Congress and signed into law on March 27, 2020. The Coronavirus Aid, Relief, and Economic Security Act (“the CARES Act”) authorizes more than $2 trillion to battle COVID-19 and its economic effects. The law is wide-ranging from support to the health care system’s fight against the coronavirus, as well as direct payments to individuals, expanded unemployment insurance, loans to small and large businesses, and support for state and local governments.
This document provides an overview on retirement investor’s relief in the government’s stimulus bill to help alleviate the financial strains from the coronavirus.
This document provides definitions for over 100 commonly used personal finance terms organized alphabetically from A-Z. Some of the key terms defined include 401(k), adjustable rate mortgage, annual percentage rate (APR), assets, bankruptcy, bonds, credit, debt, interest, liabilities, mortgage, stocks and will. The definitions cover concepts related to savings, investments, loans, insurance and retirement planning.
This document provides a summary of Welltower's performance in the 4th quarter of 2019 and outlook. Some key points:
- Welltower reported normalized FFO per share of $1.05, up 4% year-over-year, and net income per share of $0.55.
- The company completed over $1.4 billion in investments, including $1.1 billion in acquisitions at an initial yield of 5.3% and expected stabilized yield of 5.6%.
- Same store NOI grew 2.2% overall, driven by consistent performance across property types. Seniors housing same store revenue grew 3.5%.
- Welltower maintains a strong and
This document provides an overview and agenda for a presentation on common 403(b) plan compliance issues and solutions. It begins with introductions of the presenter and his background and experience. It then outlines the IRS and DOL voluntary correction programs that can be used to resolve plan failures. The majority of the document details frequent plan document issues, operational errors, and governance problems that 403(b) plans encounter. It provides examples and recommends best practices for correction.
This document provides a summary of recent regulatory updates affecting retirement plans. Key topics include the Supreme Court ruling on the Defense of Marriage Act and its impact on spousal benefits in retirement plans, guidance on revenue recapture accounts and fee disclosure timing, proposed changes to money market fund regulations, and compliance projects conducted by the IRS on college/university and 457(b) plans. Emerging state initiatives to establish alternative retirement savings programs are also discussed.
Ladder Capital - Q1 2021 Earnings Supplemental PresentationDavid Merkur
Ladder Capital Corp provides a snapshot of its business lines as of Q1 2021, including total assets, liabilities, book equity, and leverage metrics. The largest segments are balance sheet loans ($2.0B carrying value), commercial real estate owned ($634M carrying value), and securities ($764M carrying value). The company has a diversified portfolio across various property types and geographies. Book equity totaled $1.5B with an undepreciated book value per share of $13.88. Leverage was modest at an adjusted debt to equity ratio of 2.3x.
TOPIC: Survey Says: Tax Reform & Client Planning - What Advisors Are Seeing &...theBurgessGroup
MARKET TREND: Change creates opportunity. Facing uncertainty head-on with proactive, flexible planning can allay client concerns and give them a sense of control.
SYNOPSIS: While President Trump and the Republican-controlled
Congress have promised major tax reform, uncertainty remains as to the
final outcome. Despite this, the advisors surveyed indicate that many clients are still moving forward if the planning approaches satisfy their practical needs and provide flexibility.
Ladder Capital - Investor PresentationDavid Merkur
Ladder Capital Corp is a leading commercial real estate investment trust with $5.4 billion in assets and $1.5 billion in book equity. It has a national direct origination platform and focuses on originating middle-market CRE loans, investing in CRE securities, and acquiring net leased properties. It has a diversified and granular portfolio, with significant unrestricted cash and a conservative capital structure with modest leverage net of cash.
The document discusses how retirement planning relies on assumptions about rates of return, inflation, expenses, and life expectancy that are difficult to accurately predict and can significantly impact retirement outcomes if incorrect. It recommends carefully setting initial assumptions with an advisor and revising them over time as more information becomes available. Collaborating with an advisor allows combining their market expertise with a client's personal details to establish the most reasonable assumptions.
The latest Retirement Plan News contains articles on the following: 1) Make Benchmarking Your Plan An Annual Exercise 2) Employer Contribution Trends 3) QDIAS Ten years On
Common Factors Affecting Retirement IncomeDolf Dunn
People have two very distinct investment periods in their lives, Accumulation and Distribution. Brokers are paid in the accumulation phase, not so much in the distribution phase. Fee-based Financial Planners, like myself, are paid along the way to give our clients great advice in both phases of their lives. Distribution phase is the more difficult of the two to get right. If you do not do proper planning, one risks running out of money before your last breathe. Not to be entrusted to amateurs. I can help, please give me a call.
Ladder Capital - Bond Investor Presentation (Sept. 2020)David Merkur
Ladder Capital Corp is a commercial real estate investment trust that provides concise summaries of its business in investor presentations. This 3-sentence summary covers the key points:
Ladder has a diversified portfolio of $3 billion in commercial real estate loans, $1.3 billion in CRE equity investments such as net lease properties, and $1.5 billion in highly-rated CMBS; it maintains a conservative leverage ratio of 3.1x and focuses on unsecured debt and non-recourse financing; and the company is led by an experienced management team that has been with Ladder since inception.
Ladder Capital - Bond Investor Presentation (Sept. 2020)David Merkur
Ladder Capital Corp is a commercial real estate investment trust that provides a presentation on its business. It has a diversified portfolio consisting of $3 billion in commercial real estate loans, $1.3 billion in CRE equity investments such as net lease properties, and $1.5 billion in investment grade CRE securities. It has a conservative leverage ratio of 3.1x adjusted debt to equity and focuses on using unsecured debt and non-recourse financing. The company is led by an experienced management team that has been with the company since inception.
This document provides an overview of reverse mortgages. It explains that a reverse mortgage allows homeowners aged 62 or older to borrow against their home equity and receive payments instead of making payments. The document outlines eligibility requirements, how much can be borrowed, payment options, interest rates, and the loan repayment process. It also summarizes the steps involved in obtaining a reverse mortgage, including education, counseling, application, processing, underwriting, and closing. Common questions about reverse mortgages are addressed.
Pyatt Broadmark Investor Presentation Fund IAlan Chu
The document provides an investor presentation for Pyatt Broadmark Real Estate Lending Fund I. The fund invests in short-term, first lien real estate loans in the Pacific Northwest, with a goal of providing high yields while minimizing risk. It has $132.6 million in assets under management. The fund offers diversification, consistent performance, and monthly distributions to investors. It is managed by an experienced team with a proven track record since 2010.
Commercial Loan Workout & Advisory Asante Asset Grouptreyt81
This document provides information about commercial loan workout and advisory services. It discusses obtaining loan modifications such as interest-only payments, extended amortization schedules, and deferred or reduced mortgage payments. The document notes that commercial property owners experiencing financial difficulties due to the economic downturn are candidates for loan restructuring. It claims the service can help properties become cash flow positive again and reduce interest rates and debt levels at no upfront cost if monthly payments are lowered.
The document discusses a micro cap conference presentation by The J.G. Wentworth Company. It provides an overview of the company, which purchases structured settlement payments and offers other financial products directly to consumers. It highlights the company's focus on improving profitability in structured settlements and growing its home lending business. The company achieved record results in home lending in the most recent quarter while reducing costs in structured settlements.
Ladder Capital - Investor Presentation (2021-05-14)David Merkur
Ladder Capital Corp is a leading commercial real estate investment trust that provides CRE capital through loans, securities, and equity investments. It has a national direct origination platform and $5.4 billion in assets. Some key highlights include:
- A diversified and granular portfolio of $2 billion in primarily senior secured CRE loans with a middle-market focus.
- A CRE equity portfolio of $1.2 billion focused on net leased properties across the U.S.
- A highly rated $764 million securities portfolio of predominantly short-dated CMBS.
- Improved leverage and liquidity over time, with adjusted leverage of 1.4x and $1.3 billion of un
Even with the most earnest intentions, mistakes inside of a retirement plan will most likely happen from time to time. Plan sponsors can take solace in knowing that there is a corrective solution for nearly every compliance problem. Knowing how to correct a plan error will help plan sponsors act swiftly so as not to ripen the problem should one occur. It can also help save the plan sponsor money. In this program, Multnomah Group will provide an overview of the correction programs available through both the Internal Revenue Service (for Internal Revenue Code issues) and the Department of Labor (for issues under the Employee Retirement Income Security Act).
Auto Workers Pension Defined Benefit Lump Sum vs. Annuityshawnbumgardner
The document discusses retirement options for those in a defined benefit plan, specifically the choice between taking a lump sum distribution or an annuity. Key points covered include:
- A lump sum distribution allows greater control over assets and investment choices but bears investment risk, while an annuity provides guaranteed lifetime income but has less flexibility.
- Financial advisors can help evaluate the pros and cons of each option based on an individual's goals for assets, income, passing wealth to heirs, etc.
- Important factors to consider include whether the plan allows lump sums, any restrictions, how to estimate the lump sum amount, and potential tax implications of each choice.
The document discusses key milestones and considerations in retirement planning from ages 50 to over age 60. It recommends meeting with a financial professional prior to age 50 to review asset allocation and retirement strategy. At age 50, it suggests maximizing retirement contributions and catch-up contributions, and reviewing beneficiary forms and healthcare costs. At age 55, it addresses the impact of early retirement on Social Security benefits and pension payout options. At age 59.5, it discusses accessing retirement funds and protecting retirement income.
Several scam websites have been suspended that were misleading people about accessing their pension funds before age 55. The National Crime Agency has suspended around 18 pension scam websites as well as those using text messages and cold calls. Normally people cannot access pensions before 55 unless seriously ill, but scammers were enticing people to access funds early against the rules. Managing frozen pension plans still requires active management and planning like active plans, reviewing strategies for funding, investments, benefits and finances. Pension plans may be frozen to minimize total obligations, and companies will need plans for covering shortfalls if underfunded and making lump sum payouts.
This document provides definitions for over 100 commonly used personal finance terms organized alphabetically from A-Z. Some of the key terms defined include 401(k), adjustable rate mortgage, annual percentage rate (APR), assets, bankruptcy, bonds, credit, debt, interest, liabilities, mortgage, stocks and will. The definitions cover concepts related to savings, investments, loans, insurance and retirement planning.
This document provides a summary of Welltower's performance in the 4th quarter of 2019 and outlook. Some key points:
- Welltower reported normalized FFO per share of $1.05, up 4% year-over-year, and net income per share of $0.55.
- The company completed over $1.4 billion in investments, including $1.1 billion in acquisitions at an initial yield of 5.3% and expected stabilized yield of 5.6%.
- Same store NOI grew 2.2% overall, driven by consistent performance across property types. Seniors housing same store revenue grew 3.5%.
- Welltower maintains a strong and
This document provides an overview and agenda for a presentation on common 403(b) plan compliance issues and solutions. It begins with introductions of the presenter and his background and experience. It then outlines the IRS and DOL voluntary correction programs that can be used to resolve plan failures. The majority of the document details frequent plan document issues, operational errors, and governance problems that 403(b) plans encounter. It provides examples and recommends best practices for correction.
This document provides a summary of recent regulatory updates affecting retirement plans. Key topics include the Supreme Court ruling on the Defense of Marriage Act and its impact on spousal benefits in retirement plans, guidance on revenue recapture accounts and fee disclosure timing, proposed changes to money market fund regulations, and compliance projects conducted by the IRS on college/university and 457(b) plans. Emerging state initiatives to establish alternative retirement savings programs are also discussed.
Ladder Capital - Q1 2021 Earnings Supplemental PresentationDavid Merkur
Ladder Capital Corp provides a snapshot of its business lines as of Q1 2021, including total assets, liabilities, book equity, and leverage metrics. The largest segments are balance sheet loans ($2.0B carrying value), commercial real estate owned ($634M carrying value), and securities ($764M carrying value). The company has a diversified portfolio across various property types and geographies. Book equity totaled $1.5B with an undepreciated book value per share of $13.88. Leverage was modest at an adjusted debt to equity ratio of 2.3x.
TOPIC: Survey Says: Tax Reform & Client Planning - What Advisors Are Seeing &...theBurgessGroup
MARKET TREND: Change creates opportunity. Facing uncertainty head-on with proactive, flexible planning can allay client concerns and give them a sense of control.
SYNOPSIS: While President Trump and the Republican-controlled
Congress have promised major tax reform, uncertainty remains as to the
final outcome. Despite this, the advisors surveyed indicate that many clients are still moving forward if the planning approaches satisfy their practical needs and provide flexibility.
Ladder Capital - Investor PresentationDavid Merkur
Ladder Capital Corp is a leading commercial real estate investment trust with $5.4 billion in assets and $1.5 billion in book equity. It has a national direct origination platform and focuses on originating middle-market CRE loans, investing in CRE securities, and acquiring net leased properties. It has a diversified and granular portfolio, with significant unrestricted cash and a conservative capital structure with modest leverage net of cash.
The document discusses how retirement planning relies on assumptions about rates of return, inflation, expenses, and life expectancy that are difficult to accurately predict and can significantly impact retirement outcomes if incorrect. It recommends carefully setting initial assumptions with an advisor and revising them over time as more information becomes available. Collaborating with an advisor allows combining their market expertise with a client's personal details to establish the most reasonable assumptions.
The latest Retirement Plan News contains articles on the following: 1) Make Benchmarking Your Plan An Annual Exercise 2) Employer Contribution Trends 3) QDIAS Ten years On
Common Factors Affecting Retirement IncomeDolf Dunn
People have two very distinct investment periods in their lives, Accumulation and Distribution. Brokers are paid in the accumulation phase, not so much in the distribution phase. Fee-based Financial Planners, like myself, are paid along the way to give our clients great advice in both phases of their lives. Distribution phase is the more difficult of the two to get right. If you do not do proper planning, one risks running out of money before your last breathe. Not to be entrusted to amateurs. I can help, please give me a call.
Ladder Capital - Bond Investor Presentation (Sept. 2020)David Merkur
Ladder Capital Corp is a commercial real estate investment trust that provides concise summaries of its business in investor presentations. This 3-sentence summary covers the key points:
Ladder has a diversified portfolio of $3 billion in commercial real estate loans, $1.3 billion in CRE equity investments such as net lease properties, and $1.5 billion in highly-rated CMBS; it maintains a conservative leverage ratio of 3.1x and focuses on unsecured debt and non-recourse financing; and the company is led by an experienced management team that has been with Ladder since inception.
Ladder Capital - Bond Investor Presentation (Sept. 2020)David Merkur
Ladder Capital Corp is a commercial real estate investment trust that provides a presentation on its business. It has a diversified portfolio consisting of $3 billion in commercial real estate loans, $1.3 billion in CRE equity investments such as net lease properties, and $1.5 billion in investment grade CRE securities. It has a conservative leverage ratio of 3.1x adjusted debt to equity and focuses on using unsecured debt and non-recourse financing. The company is led by an experienced management team that has been with the company since inception.
This document provides an overview of reverse mortgages. It explains that a reverse mortgage allows homeowners aged 62 or older to borrow against their home equity and receive payments instead of making payments. The document outlines eligibility requirements, how much can be borrowed, payment options, interest rates, and the loan repayment process. It also summarizes the steps involved in obtaining a reverse mortgage, including education, counseling, application, processing, underwriting, and closing. Common questions about reverse mortgages are addressed.
Pyatt Broadmark Investor Presentation Fund IAlan Chu
The document provides an investor presentation for Pyatt Broadmark Real Estate Lending Fund I. The fund invests in short-term, first lien real estate loans in the Pacific Northwest, with a goal of providing high yields while minimizing risk. It has $132.6 million in assets under management. The fund offers diversification, consistent performance, and monthly distributions to investors. It is managed by an experienced team with a proven track record since 2010.
Commercial Loan Workout & Advisory Asante Asset Grouptreyt81
This document provides information about commercial loan workout and advisory services. It discusses obtaining loan modifications such as interest-only payments, extended amortization schedules, and deferred or reduced mortgage payments. The document notes that commercial property owners experiencing financial difficulties due to the economic downturn are candidates for loan restructuring. It claims the service can help properties become cash flow positive again and reduce interest rates and debt levels at no upfront cost if monthly payments are lowered.
The document discusses a micro cap conference presentation by The J.G. Wentworth Company. It provides an overview of the company, which purchases structured settlement payments and offers other financial products directly to consumers. It highlights the company's focus on improving profitability in structured settlements and growing its home lending business. The company achieved record results in home lending in the most recent quarter while reducing costs in structured settlements.
Ladder Capital - Investor Presentation (2021-05-14)David Merkur
Ladder Capital Corp is a leading commercial real estate investment trust that provides CRE capital through loans, securities, and equity investments. It has a national direct origination platform and $5.4 billion in assets. Some key highlights include:
- A diversified and granular portfolio of $2 billion in primarily senior secured CRE loans with a middle-market focus.
- A CRE equity portfolio of $1.2 billion focused on net leased properties across the U.S.
- A highly rated $764 million securities portfolio of predominantly short-dated CMBS.
- Improved leverage and liquidity over time, with adjusted leverage of 1.4x and $1.3 billion of un
Even with the most earnest intentions, mistakes inside of a retirement plan will most likely happen from time to time. Plan sponsors can take solace in knowing that there is a corrective solution for nearly every compliance problem. Knowing how to correct a plan error will help plan sponsors act swiftly so as not to ripen the problem should one occur. It can also help save the plan sponsor money. In this program, Multnomah Group will provide an overview of the correction programs available through both the Internal Revenue Service (for Internal Revenue Code issues) and the Department of Labor (for issues under the Employee Retirement Income Security Act).
Auto Workers Pension Defined Benefit Lump Sum vs. Annuityshawnbumgardner
The document discusses retirement options for those in a defined benefit plan, specifically the choice between taking a lump sum distribution or an annuity. Key points covered include:
- A lump sum distribution allows greater control over assets and investment choices but bears investment risk, while an annuity provides guaranteed lifetime income but has less flexibility.
- Financial advisors can help evaluate the pros and cons of each option based on an individual's goals for assets, income, passing wealth to heirs, etc.
- Important factors to consider include whether the plan allows lump sums, any restrictions, how to estimate the lump sum amount, and potential tax implications of each choice.
The document discusses key milestones and considerations in retirement planning from ages 50 to over age 60. It recommends meeting with a financial professional prior to age 50 to review asset allocation and retirement strategy. At age 50, it suggests maximizing retirement contributions and catch-up contributions, and reviewing beneficiary forms and healthcare costs. At age 55, it addresses the impact of early retirement on Social Security benefits and pension payout options. At age 59.5, it discusses accessing retirement funds and protecting retirement income.
Several scam websites have been suspended that were misleading people about accessing their pension funds before age 55. The National Crime Agency has suspended around 18 pension scam websites as well as those using text messages and cold calls. Normally people cannot access pensions before 55 unless seriously ill, but scammers were enticing people to access funds early against the rules. Managing frozen pension plans still requires active management and planning like active plans, reviewing strategies for funding, investments, benefits and finances. Pension plans may be frozen to minimize total obligations, and companies will need plans for covering shortfalls if underfunded and making lump sum payouts.
Beal Jacksonville Invitation March 29, 2016 new versionBurt Beal
This document invites attendees to an informational meeting about Social Security benefit options and how they may influence retirement decisions. The meeting will help attendees make informed decisions about their Social Security benefits and how to supplement their retirement income. Topics will include maximizing Social Security income for individuals and spouses, the impact of starting benefits before full retirement age, and strategies to reduce taxation of Social Security benefits. The meeting will be held on March 29th at noon or 6pm at Mitchell's Fish Market in Jacksonville, Florida. Space is limited so RSVPs are requested.
Help Employees Reach Their Financial Goals - Regardless of the size of your business or the
type of benefits you provide, the Employee
Financial Resource Program offers you many
advantages • Highlights what you provide to your
employees as the foundation of their financial
security, which reinforces goodwill and helps
employee morale and retention
• May increase productivity as employees
gain more control over their financial future
• Allows you to distance yourself from offering
financial advice
• Facilitates offering another valuable benefit to
your employees, with no cost to you
There are many sources of financing available to a business owner. David Lerner Associates offers this list of loan sources - it should provide some ideas.
What You Should Know About Financial Planningmarcpico
This document provides information about financial planning, including what it is, its benefits, and the financial planning process. Financial planning is a process that helps people meet life goals like buying a home or saving for retirement through proper financial management. It involves gathering information, setting goals, examining one's financial situation, and creating a strategy. Financial planning provides direction and allows people to understand how financial decisions impact other areas. The financial planning process consists of six steps including establishing the client-planner relationship, gathering information and goals, analyzing the financial status, developing recommendations, implementing the plan, and monitoring progress.
Impact of the SECURE Act 2019 on NQDC Plans and Retirement Distribution Elect...Fulcrum Partners LLC
This document summarizes the impact of the SECURE Act of 2019 on nonqualified deferred compensation (NQDC) plans and retirement distribution elections. It discusses how the SECURE Act extends the required minimum distribution age from 701⁄2 to 72, which may prompt plan participants to elect longer distribution periods. It also explores more flexible distribution options like multiple payment buckets and annual class elections to better manage taxes and cash flow. The document recommends that plan sponsors and participants reevaluate distribution options in light of the SECURE Act changes.
This document discusses the pros and cons of taking a lump sum pension payout versus receiving monthly payments. It notes that receiving monthly payments provides longevity protection and guarantees income that cannot outlive savings, though pensions also carry risks if the plan runs out of money. Taking a lump sum provides flexibility but bears risks like outliving one's savings or losing money to taxes over time in poorly managed retirement accounts. Overall, there is no consensus best approach, as each option involves weighing various risks and priorities in retirement planning.
1) In the past, employers often encouraged departing employees to withdraw money from the company retirement plan, but now some employers are encouraging employees to leave it due to the costs of large accounts leaving.
2) When leaving a job, employees have the option to roll over their retirement savings into a traditional IRA or leave it in the employer plan. Leaving it in the employer plan allows avoiding penalties for early withdrawals starting at age 55, while an IRA offers more investment options.
3) Over a career, employees may accumulate multiple retirement accounts that could be consolidated into a single IRA for easier oversight, though employer plans also offer creditor protections like IRAs. There is no single best choice, so evaluating individual circumstances
This document provides information about reviewing your estate plan and retirement plan options for business owners. It discusses when to review your estate plan, such as after major life events, and aspects to consider reviewing like beneficiaries, wills, trusts and financial accounts. It then outlines qualified retirement plan options for business owners like profit sharing plans and 401(k)s, as well as IRA options like SEP-IRAs and SIMPLE IRAs. The document provides a brief overview to help business owners plan for retirement outside of solely relying on their business.
Changing Jobs? Take Your 401(k) and ... Roll It!Dolf Dunn
Dolf Dunn provides advice on options for 401(k) plans when changing jobs. There are two primary options: rolling over the funds to an IRA or to a new employer's 401(k) plan. Rolling over to an IRA provides more investment choices and flexibility to change providers, but a 401(k) may allow loans. Both options have advantages and the best choice depends on individual needs and priorities. The document provides details on factors to consider such as investment options, creditor protection, required minimum distributions, and rules for outstanding loans.
Feb 2012 Fiduciary Considerations For Insured Retirement Income[1]fredreish
This document discusses fiduciary considerations for retirement plans offering guaranteed minimum withdrawal benefits (GMWBs). It provides an overview of typical GMWB features, including how they guarantee minimum withdrawals for life from retirement accounts. It also outlines the fiduciary process for evaluating and selecting GMWBs, focusing on three key areas: assessing product features, evaluating portability, and ensuring the financial viability of the insurance company providing the benefits. Fiduciaries must engage in a prudent process to determine whether offering a GMWB is appropriate for their plan and to select the best product and carrier based on factors like costs, benefits, and the long-term ability of the insurer to pay guaranteed amounts.
This document provides an overview of 10 reasons for meeting with the financial advisors to review one's financial plan. It discusses ensuring annual reviews are conducted, assessing risks that could impact one's family, reviewing retirement plans, long term healthcare needs, and encouraging positive values in children through a trust. The advisors aim to provide a comprehensive review of finances and bring all aspects like tax, insurance, estate planning into alignment. The overall message is the importance of regular financial reviews.
The document discusses how the definition of a successful 401(k) plan is evolving from measuring features and participation rates to measuring whether the plan will generate adequate lifetime retirement income for participants. It recommends that plans provide gap analysis to help participants determine if they are on track to have sufficient retirement savings. It also suggests plans offer investments and services like annuities that can help participants convert their savings into reliable retirement income to last 30 years or more. The new measure of a plan's success will be whether it produces benefits participants can live on rather than just the size of their account balances.
The document provides guidance on what to do if you lose your job, including taking stock of your situation, negotiating your severance package, filing for unemployment benefits, evaluating your financial situation, securing health insurance, taking personal inventory, and developing a job search action plan. It offers tips in each area, such as paying down debt, creating an emergency fund, understanding unemployment eligibility, reducing expenses, exploring health coverage options, updating your resume, and upgrading your skills. The overall purpose is to help protect your financial security and better adapt during a period of unemployment.
The document summarizes executive compensation restrictions under the CARES Act for companies that receive federal loans or loan guarantees. It outlines thresholds for limiting compensation to executives making over $425,000 in 2019. It also discusses potential challenges in retaining executive talent within these restrictions and explores whether deferred compensation could provide a solution. The document concludes by advising clients to consult experts while more regulatory guidance on the restrictions is developed.
This document is a Financial Services Guide provided by Synchron to inform clients about their services and responsibilities. It discloses contact details for Synchron and authorised representatives, how remuneration is received, what to do in the event of a complaint, and the financial planning advice process. The guide is in two parts - this document (Part 1) provides general information, while Part 2 (the Adviser Profile) contains specific details about the client's adviser. Fees may be charged for advice and clients have rights to request information on files and complain about advice received.
The document is Prism Capital Management's March 2014 investment newsletter. It contains three articles:
1) An overview of how rising interest rates may impact bond yields as the Federal Reserve tapers its bond purchasing program.
2) A list of five essential estate planning tasks everyone should complete, including updating beneficiary designations, designating guardians for minor children, drafting wills, powers of attorney, and naming an executor.
3) Tips for preparing taxes this year, including understanding qualified dividends, capital gains and losses, municipal bond income, and excluding interest from government securities.
Fed Policy, Inflation, and Interest Rate RiskDieter Drews
The document is Prism Capital Management's March 2014 investment newsletter. It contains three articles:
1) An overview of how rising interest rates may impact bond yields as the Federal Reserve tapers its bond purchasing program.
2) A list of five essential estate planning tasks everyone should complete, including updating beneficiary designations, designating legal guardians, drafting wills, powers of attorney, and naming an executor.
3) Tips for preparing taxes this year, including understanding qualified dividends, capital gains and losses, municipal bond income, and excluding interest from government securities.
Similar to Auto Workers Pension Defined Benefit Lump Sum vs. Annuity (20)
Auto Workers Pension Defined Benefit Lump Sum vs. Annuity
1. Retirement Decision Points | Investor Perspective
Defined benefit lump sum vs. annuity
Beyond an annuity, you may have another payout option from your defined
benefit plan you should consider.
According to the Bureau of Labor Statistics, 20% of all American workers participate in defined benefit
plans.1 If you are one of them, there is a better than 50% chance that your employer’s plan includes a
lump sum distribution and rollover option in addition to an annuity.2 That means under certain
circumstances, you can choose to receive a one-time cash payment that reflects the value of your
Would you like greater control annuity benefits from the plan rather than the annuity payments traditionally associated with defined
over your retirement assets benefit plans. Moreover, in some cases you may be able to receive a lump sum distribution when you
and the way they are invested? leave your job or attain age 62 — even if it is before you reach the plan’s retirement age. Your financial
advisor can help you evaluate the pros and cons of a lump sum distribution and rollover vs. an annuity.
Are you concerned that your
employer may not be able to
Should I consider a lump sum distribution and rollover?
fulfill its commitment to you to
make lifetime annuity While there are benefits to receiving fixed annuity payments, including having a guaranteed lifetime
payments? opportunity to protect your stream of income and the reduction of investment risks, there are also
potential downsides.3 For example, inflation may erode your purchasing power and you have no access
Would you like the opportunity to the principal behind your annuity payments. That may limit your ability to pass along wealth to your
to protect your retirement heirs. Keep in mind, too, that annuity payments from your plan are irrevocable and are not eligible for
purchasing power from rollover.
inflation?
You may want to discuss lump sum distribution and rollover possibilities with your financial advisor if your
Do you hope to pass on goals are to potentially achieve higher rates of investment returns, greater cash flow than your plan’s
retirement assets to your heirs? annuity would provide and be able to leave remaining funds to beneficiaries.
Your financial advisor: Helping you evaluate your options
As you consider your options, you and your financial advisor should discuss several questions, including,
but not limited to the following:
Does my defined benefit plan allow lump sum distributions?
You may not be able to determine this from the plan’s distribution forms, because even if your plan
allows the option, the forms may not include it. Instead, you and your financial advisor should review the
formal plan document or the summary plan description (SPD), ask your human resources department or
log on to your benefits web site for a copy.
Are there restrictions?
Retirement benefits can only be distributed after a “triggering event,” (e.g., attainment of retirement age,
disability, death or separation from service). Because plans differ, particularly with regard to retirement
age, the only way to determine if you qualify for a distribution is to review the plan document.
How much will my lump sum be?
Cash balance plans automatically communicate the value of the benefit to participants in the form of a
hypothetical balance that is close to the lump sum calculation. Lump sum calculations for traditional
defined benefit plans are based on plan specified interest rates and mortality tables. IRS rules for
calculating lump sum payments from traditional defined benefit plans are changing and the result may be
that you could receive a smaller lump sum under the new rules. If you are considering this option, you
may want to complete your analysis early in the process.
1 Bureau of Labor Statistics, Retirement Benefits, March 2010
2 U.S. Census Bureau, Statistical Abstract of the United States, 2010
3 Guaranteed annuity payments are subject to the claims-paying ability of the insurance carrier (or employer plan, if self-annuitizing).
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