- What a Year! Oh wait, that was only the first quarter and what a quarter of change it was. Change can occur naturally or be self-induced. Many times it happens in small increments and therefore is not terribly noticeable. When change launches in a large instantaneous wave, it instills fear in many, but provides opportunity for others. What the world has experienced over the last few months is unprecedented in our lifetimes. We have changed our lifestyles, our interactions, our daily processes, and quite possibly our economic future. Unlike the “Great Financial Crisis”, the US and global economy has nearly shutdown. The big question economically is how and when to begin to restart business activity without inducing the same negative health impact we were trying to avoid originally. The health crisis and the closure of most business activity has obviously had negative impacts on the financial markets with every major asset class except the US Aggregate Bond index declining precipitously during the quarter.
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- Redefining the Retirement Plan is Axia’s guide to trends and strategies that will help employers get the most out of their retirement programs. Defined Benefit plans and Social Security have been the simple answer to retirement for the past century. Life expectancy has improved though and an added strain has been placed on plan sponsors to help their employees replace their incomes in retirement. Fortunately, employers are equipped with more tools than ever before to help their employees retire with dignity.
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The Internal Revenue Service (IRS) issued a reminder to plan sponsors that “even if you use a third party administrator (TPA) to handle participant transactions, you’re still ultimately responsible for the proper administration of your retirement plan.” In particular,...read more
The Department of Labor (DOL) finally proposed a highly anticipated rule that would require any advisor working with retirement plans to act in the best interest of clients. Under the rule change, all retirement advisors – brokers, registered representatives,...read more
Investment returns during 2014 diverged greatly, as any investor that diversified away from U.S. large cap stocks was left disappointed. While the S&P 500 returned almost 13.7%, the MSCI EAFE was negative at -4.5%. This means a global investor would have earned half...read more