Independent Actuaries Blog Category: Informational
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 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
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
IRS Announces Retirement Plan Limits for 2018
The IRS has announced the new retirement plan limits for 2018. Some limits increased from 2017 to 2018, and some stayed flat. Highlights include: The compensation limit used to determine benefits and contributions for both defined benefit and defined contribution … Continue reading
What Does a Pension Actuary Do Anyway?
When I’m asked what I do for a living, I tell people I’m a pension actuary. I explain that I work on defined benefit pension plans for employers, calculating the employers’ contribution obligations and calculating benefits for plan participants. I … Continue reading
