SFSD Posted August 17, 2015 Posted August 17, 2015 Does any one have a recommendation? The only one I have is so old I'm looking for something more current for someone just getting into the business.
david rigby Posted August 17, 2015 Posted August 17, 2015 My bookshelf contains "Pension Planning" and "Fundamentals of Private Pensions". Both are important. I have no idea what the most recent editions are. However, understanding today's environment will necessarily include at least some historical view, so don't avoid the history of any text. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
My 2 cents Posted August 17, 2015 Posted August 17, 2015 What aspect of retirement plans are you trying to learn about? For example, are you looking for information about different ways of covering employee retirement needs or just defined contribution plans? Are you looking for something oriented towards retirement plans for general employees or mainly tax-efficient wealth accumulation for owners/executives? If you are "just getting into the business", what aspect of the business are you getting into? Sales, plan design, administration, funding (if relevant)? Always check with your actuary first!
SFSD Posted August 17, 2015 Author Posted August 17, 2015 My 2 cents - Aspect of business is TPA oriented. Good questions!! David Rigby - I still have those same two books!! Thanks for the reminder.
hr for me Posted August 17, 2015 Posted August 17, 2015 You might want to check with the textbooks used for CEBS certification. The ones I studied from were good at the time and I would suspect they have kept up to date with the best textbooks out there. But I haven't. Retirement Plan Design course uses: Retirement Plans 11th edition Allen, Melone, Rosenbloom and Mahoney Retirement Plan Management course uses the same text. It is pricey, but I found all my CEBS textbooks to be helpful in later years. This one is dated 2013 so it is pretty up to date. You might be able to find a used copy also.
BG5150 Posted August 17, 2015 Posted August 17, 2015 Are YOU starting (or buying) a TPA business? Personally, I'd be wary of someone running a TPA firm who needed a retirement plan primer.... Have you looked into the ASPPA intro materials? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
SFSD Posted August 18, 2015 Author Posted August 18, 2015 Thanks to all who replied!! BG5150 - No worries. Not buying a TPA! I'm a very old hand at this crazy business and trying to help someone who has just joined our company. It's been so long since I studied for designations! Glad those days are over.
Doghouse Posted August 18, 2015 Posted August 18, 2015 The Pension Answer Book is also worth mentioning.
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