• Plan Sponsors Ask…
    July 30, 2019 - Q: We know that emotion plays a role in money, and therefore retirement. What are some ways we can help employees offset less-than-rational emotion and thus make better decisions about their retirements? A: Behavioral economics have been the subject of much benefits of beginning payments at (or after) full retirement age. Second, consider including education about annuities in your pre-retirement sessions. These can help overcome... Continue
  • Financial Literacy: Employees Who Know More Save More
    July 23, 2019 - Financial wellness is important for individuals and their employers, in part because of the role it may play in retirement. Individuals benefit when they are financially healthy, because it makes them more prepared to retire on time and with enough money. Companies benefit, too, because along with the potential for better-controlled benefit- and other employment-related costs, on-time retirements make room for promotions, new hires, and... Continue
  • Plan Sponsors Ask…
    July 16, 2019 - Q: In reviewing employment data at our company, we were surprised to find the average time our employees stay with us to be about six years. Considering that many employees who leave us take a lump sum distribution from their 401(k) accounts, it made us wonder what we can do to help more transient employees prepare for the future. A: First, congratulations. Your average tenure is... Continue
  • 7 Mistakes People Make When Choosing a Financial Advisor
    July 9, 2019 - Choosing a financial advisor is a big decision. Being aware of these seven common blunders when choosing an advisor can help you find peace of mind, and avoid years of stress. 1. Hiring an Advisor Who Is Not a Fiduciary By definition, a fiduciary is an individual who is ethically bound to act in another person’s best interest. This obligation eliminates conflict of interest concerns and... Continue
  • 10 Tips for Better Retirement Savings Behavior
    July 2, 2019 - by John Sullivan, Editor-In-Chief – 401k Specialist Here are 10 tips based on the principles of behavioral finance for helping workers achieve a secure retirement, according to The International Foundation of Employee Benefit Plans: No. 1—Stress what could be gained or lost “You get on base, we win. You don’t, we lose. And I hate losing, Chavy. I hate it. I hate losing more than I... Continue

Consider TRA's 3(16) Fiduciary Services & Plan Administration

To alleviate the day-to-day administrative burdens of yours or your clients retirement plans.