Do you really want to risk facing these potential outcomes? Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income, money that could be used for any number of bills or luxuries, is a sacrifice made in the present in order to avoid a larger trouble down the road.
[+] Full Article The Fiduciary Standard - 05/03/17
What designations let you know that a financial professional will abide by this rule? This year, the Department of Labor intends to introduce a new rule regarding retirement plan accounts, with full implementation envisioned by 2018. Under this new rule, financial professionals who consult retirement savers will be held to a fiduciary standard of care. In other words, they will have an ethical and legal obligation to always act in a client’s best interest.
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Beyond IPERS: If you're a public employee, do you have additional retirement savings plans?
December 14, 2015
The State of Iowa Retirement Investors Club offers elective deferrals and possible employer matches from participating public sector employers on the state, county and local levels such as schools, hospitals, public safety, and utilities employees. GCSB Investment Center can help you make the most of your retirement with these state plans.
Beginning January 1, 2016, the State of Iowa Retirement Investors Club (RIC) approved 403(b) plan providers will undergo some changes. For example, TIAA CREF has been removed from the plan; therefore, public employees who have used this savings vehicle will no longer be allowed to make elective salary deferrals to an existing TIAA CREF account. However, many new providers have been added to the plan; so now is a good time to examine your retirement savings plans and goals.
Contact us today to discuss your options for, and the benefits of, elective salary deferrals. There are several options to choose from and GCSB Investment Center is able to represent a majority of the available providers. Your individual savings goals and risk tolerance will help us to determine the best plan and provider for your needs.
We can also help you consolidate any previous 403(b) accounts into one single, easier-to-manage account, start a new retirement account or assist with any other form of retirement or education savings goals. Questions? Get in touch with Kristen to learn more and ensure you have your retirement savings plan in place for 2016 and beyond.