Why Many Financial Advisors Prefer Unbundled Plans versus Bundled Plans (in their own words)
CRS Creatives Blog
by Angela Murphy
2d ago
The complexity of managing and maintaining a retirement plan is well-known. It has led many business owners and plan sponsors to seek help from both bundled service providers and unbundled models. What should be talked about more, however, is the impact an outstanding TPA can have on the health and growth of a financial advisor’s […] The post Why Many Financial Advisors Prefer Unbundled Plans versus Bundled Plans (in their own words) appeared first on Creative Retirement Systems ..read more
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Understanding Tax Credits Available to Start-Up Retirement Plans
CRS Creatives Blog
by Michael Davis
2d ago
Explore details about the different tax credits available to start-up retirement plans. The post Understanding Tax Credits Available to Start-Up Retirement Plans appeared first on Creative Retirement Systems ..read more
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Solo K Plans Need TPAs Too
CRS Creatives Blog
by Alex Powell
2d ago
Solo K plans and why a TPA is beneficial. The post Solo K Plans Need TPAs Too appeared first on Creative Retirement Systems ..read more
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Cash Balance Pension Plans Offer Clients a Solution to Large Tax Burdens
CRS Creatives Blog
by Michael Davis
2d ago
Cash Balance Plans and Taxes The post Cash Balance Pension Plans Offer Clients a Solution to Large Tax Burdens appeared first on Creative Retirement Systems ..read more
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2023 Retirement Plan Limits Offer Significant Savings Potential
CRS Creatives Blog
by Michael Davis
2d ago
On October 21, 2022 the IRS announced new contribution limits for tax-advantaged retirement plans. The post 2023 Retirement Plan Limits Offer Significant Savings Potential appeared first on Creative Retirement Systems ..read more
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Clients Failing Nondiscrimination Testing? A Safe Harbor Plan Can Help (October 1 deadline)
CRS Creatives Blog
by Alex Powell
2d ago
One of the most common issues we see in 401(k) plans are failing nondiscrimination tests. A solution for these plans is to adopt a safe harbor provision. The post Clients Failing Nondiscrimination Testing? A Safe Harbor Plan Can Help (October 1 deadline) appeared first on Creative Retirement Systems ..read more
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New Lifetime Income Disclosures for Retirement Plans
CRS Creatives Blog
by Michael Davis
2d ago
This new participant disclosure must estimate the monthly income that a participant’s plan account balance could produce if paid in both a qualified joint and survivor annuity (QJSA) and a single life annuity (SLA). The post New Lifetime Income Disclosures for Retirement Plans appeared first on Creative Retirement Systems ..read more
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5 Reasons a SEP Might Not be the Right Solution for Your Clients
CRS Creatives Blog
by Michael Davis
2d ago
A Simplified Employee Pension (SEP) IRA account is a common solution small business owners turn to for their retirement planning. There are many reasons to utilize SEPs including the overall ease of plan management, simplicity in set-up, and the flexibility to change contribution amounts from year to year. However, there are important drawbacks of a SEP they should be made aware of and understand before electing that option instead of a 401(k)/Profit Sharing Plan. The post 5 Reasons a SEP Might Not be the Right Solution for Your Clients appeared first on Creative Retirement Systems ..read more
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Your Clients Should Reconsider Sponsoring a SIMPLE. Here’s Why.
CRS Creatives Blog
by Michael Davis
2d ago
CRS often speaks with financial advisors whose clients are seeking a “cost-effective” retirement plan option, and a common consideration is the SIMPLE IRA. The name notwithstanding, a SIMPLE IRA can be anything but and could cost your clients much more in the long run. The post Your Clients Should Reconsider Sponsoring a SIMPLE. Here’s Why. appeared first on Creative Retirement Systems ..read more
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Understanding Tax Credits Available to Start-Up Retirement Plans
CRS Creatives Blog
by Michael Davis
5M ago
Explore details about the different tax credits available to start-up retirement plans. The post Understanding Tax Credits Available to Start-Up Retirement Plans appeared first on Creative Retirement Systems ..read more
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