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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 >>


Qualified Plan Loans – Evil or Essential? – Part 1*

05/15/2018
By Jack Towarnicky

On May 22nd in Dallas Texas I will be presenting this topic at the World at Work, Total Rewards Conference.  This is a preview of that presentation.  

Why do so many believe plan loans are “evil” in terms of their impact on retirement preparation? A quick Google search identified more than one hundred articles to document that most of the benefits industry and benefit press believe 401(k) loans are bad. Read More >>


National Retirement Planning Week 2018 was two weeks ago. Did you miss it? (Another in a series)

05/03/2018
By Jack Towarnicky

Time to start working on National Retirement Planning Week 2019!

As mentioned in a prior blog, PSCA recently joined the National Retirement Planning Coalition1.  Their website is titled: “Retire On Your Terms.” 

The Insured Retirement Institute has participated in sponsoring a National Retirement Planning Week for the past ten years, this year during the week of April 9th (details below). Read More >>


Financial Wellness Includes Retirement Planning & Preparation (Part of a Series)

04/27/2018
By Jack Towarnicky

PSCA recently joined the National Retirement Planning Coalition.  The website is titled:  “Retire On Your Terms.”     

Like other Coalition members, PSCA believes in the need for comprehensive retirement planning.   

However, perhaps retirement planning itself needs to change. Consider a discussion I had this week with a retirement savings industry expert who wondered why his firm had experienced a significant decline in the number of participants using his “best of breed” retirement planning calculator. Read More >>


The HSA In Your Future: Defined Contribution Retiree Medical – Part 1*

04/25/2018
By Jack Towarnicky

On May 22nd in Dallas Texas I will be presenting this topic at the World at Work, Total Rewards Conference.  This is a preview of that presentation which starts by focusing on:  

  • The projected range of post-employment medical coverage costs; 
  • The decline in employer-sponsored retiree medical coverage; 
  • The limitations on alternatives for tax-preferred funding of retiree medical coverage (VEBA, IRC§401(h), HSA);
  • Why expansion of taxpayer-funded Medicare and Medicaid benefits are not likely; and 
  • Why new state coverage initiatives are not likely. Read More >>

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