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Is a nonqualified plan right for your business?
A nonqualified deferred compensation (NQDC) arrangement can be an effective talent acquisition and retention tool. But how you optimize plan design can depend on your business objectives. Here are a few questions that can help you determine if an NQDC plan may be right for your business.
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Can grandparents gift to a 529 account?
Did you know that grandparents can open and maintain a 529 education savings account without worrying about financial aid eligibility?
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What is inflation?
Here’s a little lesson on what inflation is and what you can do to try to lessen its impact on your wallet.
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To fund or not to fund—that is the nonqualified plan question
Nonqualified plans aren’t subject to many ERISA regulations, which may create more plan design flexibility and when it comes to funding the plan, you have two options—unfunded or informally funded. Let’s compare the two.
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ESG funds' place in the retirement plan investment lineup
As workers learn about the potential advantages of socially responsible investing, sponsors of workplace retirement plans have begun to offer these options. As part of our "State of the participant 2022" report, we looked at the status of stand-alone ESG funds among the DC plans that John Hancock recordkeeps.
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Why upgrading from SIMPLEs to 401(k)s may make sense
Incorporating retirement plans into your advisory business can be a great way to grow your practice. You can show your value to plan sponsors by clearly outlining the differences between SIMPLEs—IRA or 401(k)—and traditional 401(k)s.
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Four reasons to consider selling retirement plans
Many financial professionals are hesitant to sell retirement plans because they think they have to be a retirement plan specialist. Learn why that may not be the case, plus four ways adding this service can help you stay competitive and generate new business.
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What can you do with an inherited retirement account?
Inheriting a retirement account from an IRA owner or someone with a qualified retirement account comes with quite a few confusing rules to follow. Learn which rules apply to you, so you can make an informed decision about what to do with your inheritance.
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Who—or what—is a beneficiary?
Your life insurance policy and retirement plan have asked you to name a beneficiary—but what does that really mean? What happens if you don’t? Do you need beneficiaries for anything else? Although it’s critical to name beneficiaries, it’s pretty easy to do. We’ll explain the what, why, and how of beneficiaries to help you protect your loved ones and your assets.
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Can I take money from my 401(k)?
Saving for retirement is a long-term investment, and it’s natural to want to be able to take money out of your 401(k) if you need it. Find out the different 401(k) withdrawal options you may have while you’re working and when you change jobs.
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