As the 2024 election approaches, market volatility is expected to rise due to uncertainty around potential policy changes. Short-term fluctuations in the stock and bond markets could lead retirement plan participants to pause savings or shift to more conservative...
Paul Fennell
Rethinking Retirement: A Generational View
Retirement expectations vary across generations, shaped by unique experiences and economic conditions: Baby Boomers (1946–1964): View retirement as a reward after hard work, often seeking financial security and leisure, with some benefiting from company pensions....
Legislative Update: Expanding Retirement Plan Access for Younger Workers
A new bipartisan bill, the Helping Young Americans Save for Retirement Act (H.R. 9281), was introduced in the House of Representatives on August 2, 2024. Sponsored by Rep. Brittany Pettersen (D-CO) and Rep. Tim Walberg (R-MI), this legislation aims to lower the...
Did You Know?
ERISA Turns 50: Fifty years ago, President Gerald Ford signed the Employment Retirement Income Security Act (ERISA) into law, setting standards for retirement plans.* Financial Regrets: A staggering 77% of Americans have financial regrets, with the most common being...
Key SECURE 2.0 Provisions Effective in 2025
The SECURE 2.0 Act of 2022 introduces several provisions designed to boost retirement savings. SECURE 2.0 modifies the original RMD and LTPT provisions while introducing new rules. Here are some notable changes taking effect in 2025: Automatic Enrollment...
Simplifying SECURE 2.0 Act on- Required Minimum Distributions (RMD) and Reduced Penalties in 2023
The SECURE 2.0 Act raises the age from 72 to 73 when individuals must begin taking RMDs from their retirement accounts. Reduced penalties include: Failure to take an RMD is reduced from 50% to 25% The penalty is further reduced to 10% if a failure is corrected SECURE...
Help Us Congratulate Bobby Loeb
It is with great pride and excitement that we announce Bobby Loeb has been promoted to Principal. A role like this isn’t simply bestowed—it’s earned. Bobby’s commitment to Alliance, striving for excellence in everything we do, has helped our clients solve problems and achieve goals.
The Value Alliance Brings: A Retirement Plan Advisor’s Perspective
When it comes to helping a client design and manage a successful retirement plan, he’s a true expert. We asked him about his industry perspective and experience working with Alliance.
The Value Alliance Brings: A Defined Benefit Client’s Perspective
Donna Rebeck, MBA, CPA, CAE, Vice President, Finance & Operations National Automatic Merchandising Association (NAMA) Offices in Chicago, ILDonna Rebeck is responsible for accounting functions, payroll and insurance, as well as the association’s pension and 401(k) related matters. We asked her about the association’s retirement plans and their experience working with Alliance Pension.A Little BackgroundNAMA was founded in 1936 and represents the interests of more than 1,100 member…
Is there Pandemic Relief for Late Deposits?
Proper handling of employee 401(k) deferral contributions and loan repayments is one of the most important responsibilities a plan sponsor undertakes. Failure to timely deposit employee deferrals and participant loan repayments is considered by many service providers...