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Mind the (Return) Gap

08/12/2019
By Jack Towarnicky

What You Do Know Can Hurt!

A week or so ago, I posted a blog on the Wealth Gap. A gap does exist; however, studies show that plan sponsors are making significant strides towards closing the “retirement savings wealth gap” by deploying automatic features. Read More >>


The “Elephant” In the Retirement Savings Room

08/05/2019
By Jack Towarnicky

Too many plan advisors, service providers, policy makers, academics and pundits are hyper focused on saving for retirement – which may actually impede rank and file workers’ preparation for retirement.

Many believe rank and file American workers must focus solely or primarily on saving in their 401(k) or 403(b) if they are to successfully prepare for retirement. Read More >>


Mind the (Wealth) Gap

07/26/2019
By Jack Towarnicky

Slowly, surely, increased employment among non-white Americans, coupled with broader coverage under employer-sponsored, individual account retirement savings plans that deploy automatic features will, ultimately, reduce racial retirement savings and household wealth gaps.

Again, once more, we encounter the myth of widespread coverage of defined benefit pension plans (DB plans). Read More >>


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 >>


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