Independent Actuaries Blog

IRS Announces Retirement Plan Limits for 2019

The IRS has announced the new retirement plan limits for 2019. Most limits increased from 2018 to 2019, and some stayed flat. Highlights include: The compensation limit used in determining benefits and contributions for both defined benefit and defined contribution … Continue reading

IAI Retirement Calculator

Have you noticed our online retirement calculator? The Independent Actuaries, Inc. retirement calculator has a chart that projects your personal savings and retirement account separately and another one showing your projected income and expenses as you move into retirement. You … Continue reading

The Magic School Bus Takes a Risk: A Book About Probability

The American Academy of Actuaries partnered with Scholastic to publish a picture book that features an actuary! Their purpose is to educate children about the actuarial profession. The Magic School Bus was among the highest-rated PBS TV series of the … Continue reading

The Importance of Peer Review

Did you know that all of the reports produced at IAI are peer reviewed? Here are some benefits of peer reviewed work: Acts in the interests of the client Continuous improvement in the quality of our products Products are completed with … Continue reading

Sports Betting and Actuaries

On May 14th the Supreme Court voted 6-3 to strike down the Professional and Amateur Sports Protection Act, which barred state-authorized sports betting (with the notable exception of Nevada). As a professional Actuary, and an enormous sports fan, I found … Continue reading

We Have Two New ASAs at IAI!

With summer right around the corner, we are proud to announce that two of our analysts, Erin Watts and Josh Harris, have earned the designation of ASA! An ASA (Associate of the Society of Actuaries), is achieved with long hours … Continue reading

It’s Bracket Time! How Did You Fill Yours Out?

Have you filled out your NCAA bracket yet? If so, how did you choose your winners? Did you go through each bracket game by game? Did you have a few brackets, each with a different winner? Did you make your … Continue reading

Access Social Security Statements Online

Did you know you can view your Social Security Statement online? In the past, the Social Security Administration (SSA) sent annual paper statements to update participants on their earnings record and estimated benefits. However, in an effort to reduce costs, … Continue reading

Tax Reform and Retirement Plans

We’re getting a lot of questions these days about how the proposed tax reform bills might impact retirement plans. For reference, this Forbes article provides a good summary and comparison of current law versus the House and Senate bills. Here … Continue reading

Simple, Easy Plan Hygiene

As a plan fiduciary, one of your duties is to follow the provisions of the plan. It seems simple. It should be easy. Practically speaking, it is a daunting task to read, understand, and follow all the terms of the … Continue reading