retirement savings Archives - Everhart Advisors

Employer Newsletters

DOL and IRS Provide Hurricane Relief Guidance

The Department of Labor (DOL), in partnership with the Internal Revenue Service (IRS), released a statement in November detailing disaster…

Employer Newsletters

New 401k Rules: Balancing Access and Savings

When considering short-term funding options, participants are often advised to avoid tapping into their 401(k) accounts through loans or hardship…

Employer Newsletters

What the DOL’s AI Guidance Means for Plan Sponsors

The U.S. Department of Labor (DOL) recently released voluntary guidance emphasizing the importance of ethical and transparent use of artificial…

Employer Newsletters

Increasing 401(k) Balances Can Lead to Overconfidence

By the second quarter of this year, the number of “401(k) millionaires” rose 2.5% from Q1, marking a record high…

Employer Newsletters

IRS Issues Guidance on Withdrawals for Domestic Abuse Victims

In late June, the IRS issued a notice providing critical guidance on early withdrawal penalty exemptions under the SECURE 2.0…

Employer Newsletters

The Magic Number Gap: Bridging the Divide Between Expectations and Reality

A troubling trend has emerged in the retirement planning space: The “magic number” — or amount of money Americans believe…

Employer Newsletters

When It Comes to 401(k) Beneficiaries, Where There’s a Will There Isn’t Necessarily a Way

Beneficiary designations are a critical yet often neglected aspect of retirement plans. Many participants mistakenly believe that their retirement plan…

401(k)

The Hidden Costs of 401(k) Loans

The Dilemma The number of times I hear, “Taking a 401k loan is a great idea. You pay yourself back…

Employee Memos

Retirement Planning Memo

This month’s employee memo shows participants how much they can save between a 10 and 30 year time period and…