Global Markets React to the Trump Win

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Some major indices retreat after the news, but others advance.   News of Donald Trump’s election victory did not upend the equities markets. As word of his largely unexpected Electoral College win traveled around the world, most major indices did not suffer alarming losses. While the Nikkei 225 sank 5.36% overnight, the Shanghai Composite slipped 0.62%, the Sensex 1.23%, and …

Are Your Clients’ 401k’s ‘True Up’ Plans?

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For most companies, defined benefit pension plans are no longer in existence. Instead, they’ve rolled over some of that lost benefit to employees by increasing matching contributions on defined contribution plans, known mostly as 401(k) plans. Therefore,  employees are learning that to retire comfortably without a pension plan benefit, they must max out their allowed 401(k) contributions – up to …

Andy Quoted in Investment News Article

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Andy was quoted in the Investment News Article “Advisors on Stock Selloff: Keep Calm, Keep Diversified”    https://www.moneymanagementservice.com/wp-content/uploads/2014/10/2014-10-15-Andy-Quoted-in-InvestmentNews.pdf” AudreaAudrea attended the University of Alabama in Tuscaloosa, where she majored in one of the first approved financial planning programs taught at the University level. In 1998 Audrea graduated from The University of Alabama in Tuscaloosa with a Bachelor of Science degree …

2 Tax-Efficient Savings Strategies for Right Now: Tax Season Lesson, Pt. 2

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Because every client’s needs are unique, a canned approach to tax-efficient savings of Roth IRAs, traditional IRAs, 401(k), 403(b), NQ annuities, NQ accounts, etc., is not necessarily the most flexible or tax efficient option for every client. As advisors, we know that the words “tax-free” don’t always mean there’s no tax ever paid, just like the term “pre-tax” doesn’t mean …

Andy Gives a Presentation to UAB Periodontal Students

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In May, Andy was invited to give a presentation to the UAB Dental and Periodontal Residents regarding financial tips and information beneficial to decisions they will face, both personal and professional, once they are out of school and working.  Among the topics Andy explained were how to choose a mortgage and the options and benefits associated with each of them, …

Business Owners and Plan Sponsors Targeted by New 401k Regulations

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At the writing of this post, business owners have exactly 41 days to comply with new ERISA guidelines. Every company with a 401k will face new rules and penalties regarding how information is disclosed and processed. Not fully complying with these regulations, enforced by the Department of Labor, can result in prohibited transactions and fines.   Purpose and Potential Issues …

New 401k Disclosure Requirements

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In a little less than two months from now the new 408(b)-2 regulations take effect and retirement plan sponsors and plan committees will need to begin evaluating information from plan service providers.  Despite the inherent difficulties of a plan sponsors, usually the business owner or high level executive, evaluating plan services, compensation and arrangements, there are considerable opportunities coming for …

Thinking of a Hardship Distribution

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Are you thinking about taking a hardship distribution from your 401k? For many Americans facing uncertain economic times, loans and hardship withdrawals from retirement savings are on the rise according to a recent study done by Fidelity Investments. While this may be the only option for some facing foreclosure or bankruptcy, there are a few things that need to be …

The 401k Plan Beneficiary Payout Issue

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How does your 401k plan dictate beneficiary payouts? Some retirees have chosen to leave their retirement assets sitting in their 401k plans instead of rolling it over to an IRA once they retire. However, most retirees aren’t aware of their former Employers policies and procedures in regards to beneficiary payouts. Some companies may allow the beneficiary account to remain within …

2010 Fi360 Article Competition Winner – Andrew D. Rice

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Andy recently won Fi360’s article competition for the article he wrote “Roth Conversion – The Gamble of a Lifetime”.  The article was published by Investment News on January 31, 2010.  You can also read the announcement of Andy as the winner on Fi360’s website   Andy RiceAndy graduated from the University of Alabama-Birmingham with a B.S. degree in Accounting. He …