On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law as part of the 2019 spending bill. The Act contains many provisions affecting both qualified retirement plans and Individual Retirement Accounts (IRAs). Some of these provisions are complex changes that will require additional guidance and interpretation.
With low unemployment, businesses are in a battle for talent. It is a candidate's market. In addition to low unemployment, many employers are facing large numbers of baby boomers reaching retirement age.
Uncertainty is the word on the street these days as investors seem focused on geopolitical risks. Despite that underlying disquiet, bonds, stocks and alternative investments have all posted strong returns so far this year with the S&P 500 plus 21% and bond returns of 5-6%.
In the experience rating process, each loss is divided into a primary and excess portion. The first $16,500 of every loss is determined as a primary loss, with everything above that point considered an excess loss.
For insights into the implications marijuana legislation may have on your organization, view a recording of our recent webinar held on August 5, or click here to find a Johnson Financial Group advisor near you.
The first half of 2019 included continued economic growth and strong returns from most asset classes. The abrupt change in Federal Reserve policy toward an easing bias helped fuel both equity and bond market gains. We expect U.S. economic growth to continue in line with the average growth rate for this expansion.
A great estate plan should tell your story; the story you want told if you’re not around to tell it. Your story communicates who you care about, what you care about and what you believe. It is unique to you.
The extreme volatility experienced in late 2018 and early 2019 serves as a reminder that investing is about staying the course and focusing on long‐term investment goals rather than trying to predict short‐term market moves.
The Tax Cut and Jobs Act of 2017 (TCJA) brought a reduction in tax rates and significant changes to deductions for individuals and corporations in 2018, but its impact was not uniform. After the new law’s first full year, many were surprised to find that the law had some unexpected impacts. Johnson Financial Group’s Mary Pat Williams and Brian Andrew share comments on the new law and its observed implications for clients.
For insights into the pros and cons of temporary workers and joint employment, view a recording of our recent webinar held on March 12, or click here to find a Johnson Financial Group advisor near you.
The return environment in 2018 proved to be challenging, with most major asset classes posting losses for the year [Exhibit 1]. 2018 also saw the return of volatility, which had been at unusually low levels throughout much of 2016 and 2017.
Family business is the engine that fuels the U.S. economy, yielding major impact on job creation and economic growth. Yet many struggle with basic objectives such as communication, mission, shared values and succession.
For more information on OSHA's injury and illness recordkeeping and reporting procedures, as well as the new post‐incident drug testing policies, view a recording of our recent webinar held on January 9 below, or click here to find a Johnson Financial Group advisor near you.
The results of the 2017 Retirement Income Literacy Survey published by the New York Life Center for Retirement Income at The American College reveals some disconcerting news about investors approaching or recently entering retirement.
In our work with airline pilot prospects and 400+ airline pilot clients since 1997, we have provided extensive guidance/advice on defined benefit and defined contribution pension programs elections and options.
With its healthy supply and demand fundamentals, and low interest rates, the multifamily housing development market has seen much success in recent years. And with encouraging demographic trends for the long‐term and preferences for rentals over ownership increasing, the outlook for multifamily housing development remains positive.
Merchants offer holiday merchandise and displays earlier each year, often weeks before Halloween. However, that hasn't affected the growing shift toward shopping and buying gifts online instead of in stores.
When we work with our pilot clients, we follow a disciplined process to make the most of their retirement plan over their lifetime. We follow a number of steps to develop a customized financial plan, and then build a portfolio that we believe will accomplish that plan.
At the end of each year, human resources managers face a flurry of compliance and regulatory requirements. Ensuring your communications, notifications and filings are timely and correct is critical and can help you avoid lawsuits as well as potential state and federal penalties for noncompliance.
Whether you're a newlywed or are in a long‐term committed relationship, most couples recognize communication and shared goals are key to happiness and harmony. Many couples discuss lifestyle goals such as where to live and work; whether to have children and if so, how many; where to vacation or spend holidays; and more.
You've reached your goal: after years of flying, you are ready to retire. Your retirement party is looming, friends and colleagues are wishing you well. And then the uncertainty hits you. You're off the payroll.
This old adage has been around for some time now. As far as its origins, some sources believe that it was born out of the military. If you were in the military then you know that I left out a few words that make it more colorful!
Among the decisions you must make if you change employers or leave your job is how to handle your 401(k) account. Oftentimes, employees face decisions about their 401(k) plans through no action of their own.
The financial landscape for pilots has changed over the past few years, requiring a new and focused process for you to meet your retirement planning goals. Pilots have to realize that they need to take a more active role in their financial planning, but it requires time, knowledge, expertise and confidence.
There are several tax deferred, qualified retirement programs available to employees in the private and government sectors today. With these different programs and the many variables affecting each, it can be a formidable exercise to sort through the entire list.
Mergers and acquisitions are an ever present reality in business. The headlines often focus on the financials of the business transaction, but the financial impact on individual employees can be just as important.
Here are 5 things you should think about and keep top of mind when looking to hire an attorney. From experience to reviews, feel confident you are making the correct decision for you and your loved ones.
Your 401(k) plan may be one of your largest assets, so how you manage it is critical to the success of your overall retirement plan. Rather than considering your 401(k) in isolation, think about it as part of your whole retirement plan.
When I work with pilots to create a retirement income stream, I liken it to mountain climbing. If you ask most people what the goal of mountain climbing is, they often say “to get to the top.” The real goal is to not only make the climb up, but to get back down the mountain safely.
This toolkit is intended to help employers that sponsor group health plans understand their compliance obligations under the Health Insurance Portability and Accountability Act (HIPAA). It also provides sample resources to help employers comply with HIPAA's documentation requirements for their group health plans.
On May 12, 2016, OSHA issued a final rule that requires certain establishments to electronically submit information about work‐related injuries, illnesses and incidents through the agency's ITA website every year.
Cybercrime is a growing threat for businesses in the U.S. and around the world. The tactics used to steal information and money are becoming more sophisticated and involve a high level of technical expertise.
At Johnson Financial Group we're always working behind the scenes to stay current with government regulations affecting our customers, and communicating those changes so our clients understand the impact.
On May 21, 2018, the Internal Revenue Service (IRS) issued Revenue Procedure 2018‐34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer's plan under the Affordable Care Act (ACA).
With the passage of the new tax law in December, everyone is wondering how they will be impacted. Well, it's complicated. Every family in America has a different financial situation based on income, existing savings, where they live, where they work, the makeup of their families and so on.
I recently learned that April is Parkinson's Awareness Month. As many of us know, Parkinson's disease (PD) is a progressive disorder of the nervous system that affects one's movement. According to the Parkinson's Disease Foundation, an estimated seven to 10 million people worldwide live with PD with one million of those in the United States.