The world can be an uncertain place, and trying to navigate turbulent markets to prepare for retirement can be stressful. Fifty-nine percent of Americans report that preparing for retirement makes them stressed. In a recent survey it was found that … Continue reading
Independent Actuaries Blog
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
IAI Celebrates a Quarter of a Century Helping Employers with Retirement Savings
A group of talented retirement actuaries and consultants worked for a small retirement consulting firm back in the 1980’s. The owner of that firm sold his business to a bank. By 1994, the actuaries and consultants who specialized in defined … 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
What’s on Your Christmas List?
Ah, December! Logs are crackling in the fireplace, hot chocolate’s on the stove, and our printers are churning out plan documents. Truly the most wonderful time of the year! Remember that a tax-qualified plan document needs to be prepared and … Continue reading
ShareFile Login Info
At the beginning of December, Citrix ShareFile expired the passwords for all account users. If you are unable to log in to ShareFile, you will likely need to reset your password. From the ShareFile login page, click on “Forgot Password?” … Continue reading
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
