Independent Actuaries Blog Author: David Craft

U.S. Worker Confidence in Retirement is on the Rise

The results are in! A recent survey by the Employee Benefit Research Institute (EBRI)1 found that two thirds of American workers feel confident in their ability to retire comfortably, which is up from 60% in 2017.  However, confidence in the … Continue reading

Changes in Pension Accounting Standards Taking Effect this Year

The soon-to-be-effective Accounting Standards Update (ASU) 2017-07 makes changes to the way pension plans are accounted for, designed to improve the transparency of pension plan operational costs. Under the old rules, all components of pension-related expenses were aggregated together as … Continue reading

Beneficiary Designations: Whose Responsibility is it?

When it comes to Retirement Plans it can sometimes be confusing who does what and whether the responsibility falls on the Employer/ Plan Sponsor, third party administrator (TPA), recordkeeper or the participant. When it comes to beneficiary designations most plan … 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 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

Is it Better to Take Monthly Pension Payments or a Lump Sum?

The decision to take a monthly pension payment at retirement or to receive a one-time lump sum after departing your company depends on a number of variables. Upon quick review, taking the lump sum can provide you with more flexibility whereas … Continue reading