Blog
Sierra Pacific Financial Advisors Blog. If you see anything that sparks interest or questions, feel free to contact us for discussing.
The IRS Extends Additional Tax Deadlines for IRAs, HSAs, and More
Previously, the Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year had been automatically extended from April 15, 2021, to May 17, 2021.1More time for allHowever,...
Read MoreRetirement Plan Share Classes: Understanding the Basics
Share Class ABCs: Choose Wisely Choosing mutual funds for your retirement plan’s investment lineup can feel like wading through a sea of alphabet soup. Fund companies typically offer multiple share classes, each sporting its own...
Read MoreHow to Make the Tax Code Work for You
By April 19, 2019, 137 million taxpayers had dutifully filed their federal income tax returns.1 And they all made decisions about deductions and credits – whether they realized it. When you take the time to learn more about how...
Read MoreBest-Performing Asset Classes
According to Yale University's Crash Confidence Index, only about 27% of investors are confident the stock market will not crash sometime during the next six months.1 But if fear leads investors to avoid the entire investment class,...
Read MoreElection 2020: Biden’s Policy Initiatives
Now that several major news groups have projected Joe Biden the winner of the presidential election—and Congress appears divided with Democrats in control of the House and Republicans the Senate—it’s a good time to...
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Asset Allocation: Factors to Consider
Asset Allocation If you live in or have visited a big city, you’ve probably run into street vendors – people who sell everything from hot dogs to umbrellas – on the streets and sidewalks. Many of these entrepreneurs...
Read MoreThe SECURE Act and Retirement
The SECURE Act The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to...
Read MoreStress Reduction During COVID-19: How to Cope with Anxiety and Self-isolation
Coping with Coronavirus
Read MoreStress Reduction During COVID-19 When Will I Receive My Stimulus Check?
When Will I Receive My Stimulus Check?
Read MoreStress Reduction During COVID-19 Quarantine Google Calendar
Quarantine Google Calendar
Read MoreStress Reduction During COVID-19 10 Things to Bake When You Don’t Have Flour
No Flour No Problem
Read MoreHighlights of CARES Act That May Affect to You
The Senate and House of Representatives have passed the Coronavirus Aid, Relief and Economic Security (CARES) Act. The roughly $2 trillion coronavirus response bill is intended to keep businesses and individuals afloat during this...
Read MoreStress Reduction During COVID-19 Healthy Sleep Habits in the Time of COVID-19
Healthy Sleep Habits in the Time of COVID-19
Read MoreMultiple Employer Plans
A break down of the Treasury/IRS notice of proposed rule-making for Multiple Employer Plans https://401kspecialistmag.com/irs-one-bad-apple-cant-spoil-a-401k-mep-bunch/
Read MoreHow do the SECURE Act changes affect your 401(k) plan?
SECURE Act Changes
Read MoreHelp your employees set savings goals through an income lens!
Savings by way of Income
Read More401k plan administration is not as simple as employers may think.
Employer Plan Administration
Read MoreWould retirement income projections help your employees feel more confident about retirement?
Plan Sponsor Guidance
Read MoreWant to Impact Employees’ Retirement Readiness? Consider Auto Features
The use of auto features in 401(k) plans has continued to climb in popularity over the past decade. In fact, auto features such as automatic enrollment and auto escalation are considered best practices in 401(k) plan design as ways to...
Read MoreHow to Think About Financial Wellness ROI
If you want to sell your C-suite on paying for an employee financial wellness program, you’ll probably hear this question from your CFO: What’s the ROI? It’s natural for a chief financial officer to ask about the...
Read MoreShould You Include ESG Funds in Your Retirement Plan? Maybe, Maybe Not.
ESG, or environmental, social and governance funds, can be appealing to many investors, including millennials. These funds may be viewed as a proactive way to encourage reluctant and under-prepared millennials to save for retirement....
Read MoreIs it Time to Consider a New Plan Design?
You may have heard about a “cash balance plan” and wondered whether it would be something advantageous for your business. A cash balance plan operates differently from other types of traditional retirement plans in that it...
Read MoreShare Class ABCs: Choose Wisely
Choosing mutual funds for your retirement plan’s investment lineup can feel like wading through a sea of alphabet soup. Fund companies typically offer multiple share classes, each sporting its own unique letter. A shares, C...
Read MoreTuning Your Social Security Benefit
458 Tuning Your Social Security Benefit
Read MoreFour Tips to Boost Your Employees’ Retirement Outlook
As many employees look ahead to retirement, 47% of workers feel somewhat confident that they’ll have enough money saved to retire on time and then live comfortably.1 However, forward-thinking employers have the ability to help...
Read MoreCan Effective Plan Governance Helps Reduce Fiduciary Risk?
Risky Business: Why Plan Governance Matters Participant-driven lawsuits are on the rise, and employers are facing heightened scrutiny of the way they manage their retirement plans. In today’s continually-evolving regulatory and...
Read MoreHelpful Insight on 401(k) Cybersecurity
Hacked! Is Your Retirement Plan at Risk for a Cyber Attack? Cyber-crime is on the rise worldwide. As a result, growing numbers of organizations are taking critical steps to protect their valuable electronic data from hackers and other...
Read MorePlan Sponsor Guide: Understanding 401(k) Loans
Plan Sponsor Guide: Understanding 401(k) Loans The recent enactment of the Tax Cuts and Jobs Act of 2017 (TCJA) makes changes to 401(k) loan repayment options, which should prompt plan sponsors and plan administrators to re-evaluate...
Read MoreMeeting Your Fiduciary Responsibilities after the DOL Fiduciary Rule
The DOL Rule is Dead On June 21, 2018 the 5th Circuit Court of Appeals vacated the requirements of the U.S. Department of Labor’s (DOL) Conflict of Interest Rule—more commonly referred to as the “DOL Fiduciary...
Read MoreEmployer’s guide to dealing with missing 401(k) participants
Locating missing plan participants can be a headache for any employer, but simply ignoring them is not an effective solution. Regulatory agencies in previous years have published guidance on this topic relating to missing...
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