The IRS has announced the new retirement plan limits for 2020. Most limits increased from 2019 to 2020, and some stayed flat. Highlights include: The compensation limit used in determining benefits and contributions for both defined benefit and defined contribution … Continue reading
Independent Actuaries Blog
Special Presentation!
IAI is hosting two special events in one afternoon at a local Portland brewery on Thursday, November 7th! Sara Ark and Kristy Bartle will be presenting Crafting the Perfect Retirement; Bringing Science to the Art of the Problem. This is … Continue reading
New E-Delivery Safe Harbor
In response to an Executive Order issued last year to strengthen retirement security, the Department of Labor (DOL) issued proposed rules for disseminating pension plan notices electronically. Participant notices for pension plans include Summary Annual Reports, Individual Benefit Statements, Annual … Continue reading
Josh Harris, Enrolled Actuary!
As a business owner, one of my greatest pleasures is watching as our younger consultants grow in their careers. As such, I’m very pleased to announce our newest Enrolled Actuary, Josh Harris! Although Josh had previously acquired his Associate of … Continue reading
Tax Season is Over! Could Your Business Use a Deduction?
Now that the extended tax season is over, it’s a great time to consider if a qualified retirement plan is right for your business. Since contributions to these plans are deductible, setting up a qualified retirement plan is an effective … Continue reading
Two Wrongs Don’t Make a Right
The deadline to make a contribution to a qualified defined benefit plan with a plan year of January 1st – December 31st is September 15th. If you missed this deadline and your plan has unpaid minimum required contributions, the IRS … Continue reading
We’ve Got Videos!
Did you know that we now make informational videos about retirement plans and related topics? This is part of our efforts to expand our Client Resources and General Resources, and make sure our clients and referral sources have the information … Continue reading
We’re Presenting!
This week, consultants from Independent Actuaries, Inc. (IAI) are presenting at the Employee Benefits Conference for the Oregon Society of Certified Public Accountants. As experts in retirement plan design and administration, we are excited to be presenting valuable information to … Continue reading
Supporting Your Spending Habits in Retirement
The thought of retirement conjures a wide variety ideas and feelings for different people, some good and full of bliss, and others that are full of dread. One fear that many people have is outspending their retirement income. In an … Continue reading
FaceApp and Retirement Planning
I rarely use social media, but my wife recently showed me a picture from FaceApp of what we would like in 30 years. I imagine most people either have the App or have had a similar experience. It always makes … Continue reading
