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Employers are Reinstating Their 401(k) Match, Plus More! |
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By NADART Administrator on
4/23/2010
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As businesses nation-wide are starting to bounce back after the 2009 economic downfall, employers are not only reinstating their 401(k) employer match, they are also adding additional features to their plan to ensure employees are meeting their retirement savings goals.
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Social Security Administration to Launch Online Spanish-Language Retirement Savings Calculator |
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By NADART Administrator on
4/16/2010
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The Social Security Administration (SSA) recently announced several projects associated with its Open Government plan. This plan is an effort by the SSA to make their services and resources for people more transparent, accessible and easier to understand. One of these projects is the scheduled release of the “Spanish-Language Retirement Estimator”, which will offer personalized estimates of future retirement benefits via an online benefits calculator. The calculator, the federal government’s first non-English interactive Internet application, will mirror the functionality of its current English-language counterpart.
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Taxes and 2009 IRA Contributions Both Due Today, April 15th |
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By NADART Administrator on
4/15/2010
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Don’t forget that today,Thursday, April 15, 2010, is the deadline for submitting your income tax returns. Today also marks the deadline for making 2009 contributions to your Individual Retirement Account (IRA), either the traditional or Roth version.
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How to Select an Auditor if Required for Form 5500 Submission |
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By NADART Administrator on
4/9/2010
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Often, plans with 100 or more participants are required to have an independent audit as part of their annual Form 5500 obligation. Not sure how to go about hiring an auditor? The Department of Labor has an article on what is required from the auditor and what to expect from the audit itself.
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Reminder – IRA Contribution Deadline is April 15, 2010 |
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By NADART Administrator on
4/6/2010
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Tax day, April 15, 2010, is fast approaching. This is also the deadline to maximize your 2009 IRA (either traditional or Roth). For 2009, the maximum amount that may be contributed to a traditional or Roth IRA for the 2009 year is $5,000 for those under the age of 50 ($6,000 for those age 50 and over), or the amount of your taxable compensation, whichever is less.
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Behavioral Patterns Often Affect a Participant’s Financial Decision Making |
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By NADART Administrator on
4/2/2010
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When it comes to investing and saving money, there are certain behavioral patterns that accompany a person’s decision making. According to an article called Ain’t Misbehavin’! published by Arnerich Massena & Associates, Inc., different patterns of thinking and decision making affect a person's behavior, especially in regards to handling and saving money. These specific behavioral traits can be explained through Behavioral Economics and should be taken into consideration by Plan Sponsors and Plan Administrators when educating their employees about the importance and value of participating in their retirement savings plan.
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