PSCA
Join our Community

Retiree Medical Super Hero – The Health Savings Account

07/21/2019
By Jack Towarnicky

“An investment in knowledge pays the best interest.”1

This is the third of three posts – this post is focused on funding future medical expenses.

In Read More >>


Retirement Super Villain – Retiree Medical – A Growing Threat

07/15/2019
By Jack Towarnicky

A revelation! Retiree medical rides alongside pestilence, war, famine and death.1


This is the second of three posts on retiree medical - this post is focused on future retiree medical costs.

In Read More >>


Retirement Super Villain – Medical Costs

07/08/2019
By Jack Towarnicky

Superman had Lex Luthor. Batman had the Joker. Spider Man had Doc Octopus. Retirees have health care costs.

Medicare For All? Watch Out What You Ask For1

Here is a summary of the financial features today’s retirees encounter in their health care coverage:

2019 Hospital Coverage:

  • Point of enrollment (premium) per covered individual: $437/month, $5,244/year
  • Deductible (each benefit period admittance): $1,364 (for up to a 60 day benefit period) 
  • Copayment (days 61 – 90 in a benefit period): $341 per day for up to 30 days 
  • Copayment (lifetime reserve days, after 90 day benefit period): $682/day, maximum 60 days lifetime 

2019 Physician/Outpatient Coverage: 

  • Point of enrollment (premium) per covered individual (plus income surcharge where applicable):
    o Paid by individual4: $135. Read More >>

Salami Slicing & Frog Boiling

07/01/2019
By Jack Towarnicky

Salami slicing refers to a series of many small actions, often performed by clandestine means. As an accumulated whole, those small actions produce a much larger result than might have been possible if performed all at once. The advantage of strategic salami slicing is the ability to achieve large gains over time using small steps, incremental actions. Read More >>


I Did It My Way

06/24/2019
By Jack Towarnicky

Regrets, I've had a few. But then again, too few to mention. I did what I had to do … I did it my way.1

They say workers will regret not saving enough for retirement! I agree. But your workers way may not be your way. Read More >>


You, Too, Can Be A Middle Class 401(k) Millionaire – Someday!

06/17/2019
By Jack Towarnicky

Times change, and yet they don’t. A recent blog focused on significant changes in 401(k) plan design – earlier eligibility and accelerated vesting.1 However, some things never seem to change, such as the low levels of participation and contributions in voluntary enrollment plans among workers who are younger, have short service and lower wages. Read More >>


Rothification Redux?

06/10/2019
By Jack Towarnicky

Failure to Reform Federal Spending = An Endless Loop Which Puts Benefits Tax Preferences At Risk

Think we are done with attempts to curtail benefits tax preferences? Think again. Last week, President Trump released his $4.4 Trillion proposed budget for the 2019 federal fiscal year (October 1, 2019 – September 30, 2020). Read More >>


Roth 401(k) Isn’t News

06/03/2019
By Jack Towarnicky

According to PSCA’s 61st Annual Survey, Roth 401(k) provisions are now as commonplace as automatic features1 - so much so that neither was a presentation topic at the PSCA 2019 National Conference.

A Saturday or two ago, I was struck by the matter-of-fact nature of a Wall Street Journal, “When to Save for Retirement in a Roth 401(k). Read More >>


Setting Savings Goals Through an Income Lens

05/30/2019
By Steve Kosoris

As a plan sponsor, the aggregate savings needs of your employee population should be an important consideration in plan design. To gain perspective on these needs, let’s look at how an individual might think about savings goals.

When we ask ourselves how much we need to save for retirement, for most retirement savers, it boils down to quality of life. Read More >>


Make It So Easy A Caveman Can Do It*

05/28/2019
By Jack Towarnicky

Did you miss PSCA’s 2019 National Conference? If so, you missed out on two timely presentations on investments:

  • Philipp Meyer-Brauns, Ph.D., senior researcher at Dimensional Fund Advisors, spoke on “Retirement Investing at the Summit,” which was a discussion of the impact of market volatility on retirement saving and investment1, while
  • Clearstead’s Sarah Parke, Microsoft’s Brandon Diersch, Comerica’s Renee Gallagher, and Fiduciary Investment Advisors’ Dennis Scarpa presented “DC Plan Investment Line-Up Simplification – what it is, why a plan sponsor should consider it, and trends and considerations to implement such a structure. Read More >>

<< previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |