If you would like to be notified when new posts are available, click the subscribe button!
Joseph R. Biden was sworn in as the 46th President of the United States on January 20. While the incoming administration is expected to take significant steps on a host of issues in the coming weeks and months, there are several proposed changes to the American retirement system that could impact 401(k)s for people across the income spectrum and some that will increase awareness of the benefits of offering 401(k)s to employees.
Read MoreFinancial professionals often preach the importance of the “buy and hold” strategy— especially for long term investments such as small business 401(k) plans — a point I emphasized at the beginning of the COVID crisis. Investors should be disciplined to avoid selling stock investments selling equities during a trough in the market.
Read MoreThe impact of COVID-19 is disrupting all facts of life for individuals and businesses alike. Small business 401(k) plans have not been immune, but to what extent? LT Trust conducted a survey of all Plan Sponsors to gauge COVID’s impact on our clients. In total, LT Trust received 337 responses, segmented by number of employees and the 11 sectors of the S&P 500, to illustrate how the pandemic is affecting a variety of industries.
Read MoreFiling the Federal Form 5500 is the last step of the compliance process, and needs to be completed by the employer every year, and the process usually begins immediately following the end of a plan year. For most of LT Trust’s small business 401(k) clients, a 12/31 year-end plan date is common, and there is a significant flurry of compliance activity surrounding the process. Although this year’s deadline has been extended for most plans, due to COVID-19, the compliance process remains the same. Let’s take a deep dive into the processes that the LT Trust team uses to ensure each client’s compliance needs are satisfied.
Read MoreInvestors in the United States today are able to enjoy the benefits of an open-architecture 401(k) plan that allows for proper diversification in an efficient marketplace. This was not the case in the 1630s, as speculators were purchasing tulip bulbs for the price of a house. Read more to see what history has to teach us about market fluctuation.
Read MoreSuccess in free markets can be simply summarized by “buying low and selling high”. The only way to fully optimize this investment strategy is to dust off the DeLorean and go to the future. For the people who do not have the ability to time travel, what should you be doing with your 401(k) plan during these turbulent times? Red more to find out.
Read MoreAs Americans continue to be inundated with the COVID-19 pandemic, many can’t help but look at their 401(k) plan and ponder what to do. From an investment standpoint, financial professionals are consistently preaching long-term investing practices and for investors to not panic by selling stock positions during a valley. Many investors may be pondering how they can possible take advantage of the current bear market? One option that does deserve a look is the concept of an in-plan 401(k) Roth conversion.
We expound in this post.
Read MoreOn March 9th, 2020, many Americans started the day wondering how, and if, the Coronavirus (COVID-19) pandemic would affect their 401(k) plan. As panic continues to spread further, the financial markets have been experiencing extreme volatility, which caused a market-wide stock trading circuit breaker to be triggered for the first time since 2008. Per the SEC market volatility regulations, the stock trading is halted for 15 minutes once the S&P 500 Index drops below 7%.
Let’s explore what effect the Coronavirus pandemic and the pandemic’s influence on the market will have on your 401(k) plan.
Read More
