| BenefitsLink Retirement Plans Newsletter |   |
November 11, 2004
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Full Text of Retirement News for Employers -- Fall 2004 Edition (PDF)
10 pages. Excerpt: "The Retirement News for Employers is a periodic newsletter with retirement plan information for employers and business owners ....' Articles in this issue are: 10 Reasons to Put Off Saving for Retirement; The Fix Is In: Common Plan Mistakes; Product Profile; Unenrolled Preparers, Form 2848 and the IRS; They're Here: The 2005 Dollar Limitations!; and, DOL News; Extended SEP and SIMPLE Contribution Deadline for Disaster Areas. (Internal Revenue Service)
Analysis: Retirement Income Planning: the Right Time to Annuitize (PDF)
6 pages. Excerpt: "Identifying the optimal time to annuitize retirement savings is a subject of both academic and practical interest. However, attempts to define the perfect time are doomed to failure, because the optimal moment can be identified only in retrospect, when you're already dead. Spreading annuitization out over a fairly large number of years is preferable – not only for risk management reasons, but for psychological reasons as well." (Still River Retirement Planning Software, Inc.,)
Overview: Treasury, IRS Issue Proposed Regulations on Phased Retirement
Excerpt: "The Treasury Department and IRS issued proposed regulations permitting private pension plans to begin pension payments to employees as part of a phased retirement program. The regulations would allow employees who are age 59 1/2 to receive a pro rata portion of their pension annuity to the extent they choose to reduce their work as part of a bona fide phased retirement program." (AccountingWEB.com)
The Dawn of the Retirement Age -- Too Late for Risk Management and Investment Planning?
Excerpt: "[A]dvisors and market analysts agree that as the baby boom generation begins to retire en masse later this decade and throughout the 2010s, many retirees remain dangerously uninformed about how much annual income they will need and about how to manage their investments. .... A survey of 1,000 Americans over the age of 30 conducted by ING U.S. Financial Services in July showed the depth of this unpreparedness." (Registered Rep)
Text and Audio: Bush Eyes Privatizing Social Security in Second Term
Excerpt: "President Bush says reforming social security will be a top priority during his second term. He wants workers to be able to divert some of their payroll taxes into private accounts. They could invest that money in stocks and bonds to save for their own retirement. NPR's Kathleen Schalch reports on what privatization could mean, and how it might be done." (Morning Edition on National Public Radio)
Newly Posted Press Releases
Newkirk Expands Newkirk Fund Central Options
(Newkirk)
Treasury and IRS Issue Proposed Regulations on Phased Retirement
(U.S. Department of Treasury)
Newly Posted or Renewed Job Openings
Field Trainer--Benefits
for AMS Services, Inc.
in ANY STATE
Sales Support Coordinator
for ING U. S. Financial Services
in NJ
Lateral Associate
for Slevin & Hart, P.C.
in DC
Litigation Attorney
for Slevin & Hart, P.C.
in DC
Pension Attorney
for Torkildson, Katz, Fonseca, Moore & Hetherington, AAL, ALC
in HI
Manager, Conversions
for BISYS Retirement Services
in PA
Pension Administrator
for Actuaries Unlimited, Inc.
in CA
Account Executive - Atlanta, GA
for Transamerica
in GA
Compliance Specialist
for EPIC Advisors, Inc.
in NY
Director of Benefits Strategy and Programs
for ADP TotalSource
in FL
Staffing Administrative Specialist
for Hewitt Associates
in TX
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- Using the Web for Employee Benefits Research
- Employee Benefits Library
Copyright 2004 BenefitsLink.com, Inc.; except that you can reprint this newsletter in full (if you also include this boilerplate part) without obtaining our permission.
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Editor and Publisher: David Rhett Baker, J.D.
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