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Health Savings Accounts: What’s the Problem? What’s the Solution? Part 2

08/09/2018
By Jack Towarnicky

In our prior post, the House of Representatives recently approved a number of changes that would improve the function and use of Health Savings Accounts (HSAs). Those proposals have a lot of good ideas but do not address the real problem -- access to HSA-qualifying coverage and HSA savings rates. Read More >>


Health Savings Accounts: What’s the Problem? What’s the Solution? Part 1

08/03/2018
By Jack Towarnicky

The House of Representatives recently approved a number of changes that would improve the function and use of Health Savings Accounts (HSAs).  Lots of good ideas there.  This is Part 1 – What’s the Problem?  In a second blog, What’s the Solution, I will offer some suggested changes. Read More >>


Sidecar = Suboptimal

07/30/2018
By Jack Towarnicky

Perhaps you noticed the recent proposal which would authorize a plan sponsor to use automatic features in creating so called “sidecar” savings account for financial emergencies.1  Contributions would be taken on an after-tax basis and invested in capital preservation investments. The account could be a part of or separate from the tax-qualified plan. Read More >>


Few Read Mandatory Benefit Disclosures; Even Fewer Take Action

07/12/2018
By Jack Towarnicky

A recent PlanSponsor opinion piece confirms that some believe America’s “retirement savings crisis” results from worker misunderstanding regarding longevity risk and market performance.1  The proposed response by the experts?  More mandated disclosures.  The goal?  “Influence contribution behavior” (save more).2 

First Confirm Results Before Adding More Mandated Disclosures 

The PlanSponsor opinion piece first confirms: “… a strong bias against forcing other people, e.g. Read More >>


Can ≠ Will: Yesterday’s 401(k) ≠ Tomorrow’s 401(k) Part Three of a Three-Part Series

07/09/2018
By Jack Towarnicky

In part 1 of this three-part series, I reviewed a recent Wall Street Journal (WSJ) article that suggested Baby Boomers were less prepared than prior generations, that tens of millions of retirees will soon live in poverty, and that the 401(k) was a culprit in this decline. Read More >>


Retirement in America - Individual Account Retirement Savings Plans ARE Good Enough!

07/05/2018
By Jack Towarnicky

(Part Two of a Three-Part Series).

In Part 1 of this three-part series, I reviewed a recent Wall Street Journal (WSJ) article that suggested today’s retirees are less prepared than prior generations as well as other articles that suggested tens of millions of older Americans will soon live in poverty. Read More >>


Retirement in America – A Life Of Poverty?

06/29/2018
By Jack Towarnicky

A recent Wall Street Journal article raises the spectre of a retirement “crisis” in America. The WSJ article specifically claims Baby Boomers are less prepared for retirement than prior generations. In fact, society in general is much better off today than in the past. Read More >>


Qualified Plan Loans – Evil or Essential? – Part 2

06/20/2018
By Jack Towarnicky

*Note: This is Part 2 of a series on Qualified Plan Loans based on the May 22nd presentation on this topic at the World at Work, Total Rewards Conference.  

Plan sponsors who seek to do plan loans “right” often feel like they have:

  • A hard row to hoe, 
  • With one hand tied behind the back, while 
  • Climbing uphill and at the same time, 
  • Swimming upstream. Read More >>

Value: The HSA In Your Future: Defined Contribution Retiree Medical – Part 3 of 3

06/13/2018
By Jack Towarnicky

As part three of a series focused on the H.S.A. drawn from my presentations at the World at Work, Total Rewards Conference, today’s post is the last in that series.  The prior posts can be found here and hereRead More >>


Access: The HSA In Your Future: Defined Contribution Retiree Medical – Part 2 of 3

06/07/2018
By Jack Towarnicky

A month ago, I previewed one of my presentations at the World at Work, Total Rewards Conference.   

Back in 2004, I predicted:  “Twenty five years ago, no one had ever heard of 401(k), twenty-five years from now, everyone will have a HSA!”  If you offer health coverage and/or an individual account retirement savings plan like a 401(k) or 403(b), but you do not offer an HSA-qualifying health option, your workers are missing out on America’s most lucrative benefits tax preference. Read More >>


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