Share Your Story
Share Your Story Share Your Story Share Your Story We want to learn what your retirement journey means to you! Your experience could inspire others and help them realize their retirement goals. Share what you wish you could have told your younger self or perhaps other experiences from your retirement journey such as: Have you overcome a financial hurdle to save for your retirement? Are you saving in a unique way? How is MissionSquare Retirement making it easier for you to save? Share your story today of how you have realized retirement with MissionSquare Retirement
https://www.missionsq.org/participants/education/share-your-story.html
Public Sector Employees Show High Acceptance of Default Investments in Defined Contribution Plans, According to New MissionSquare Research Institute Study
Research Institute at MissionSquare Retirement, and David Blanchett, PhD, CFP®, CFA, Managing Director and Head of Retirement Research at PGIM DC Solutions, highlights the importance of default investment options, such as target-date funds, in helping employees save for retirement. The study also compares the default investment acceptance rates of public sector employees with those of private sector 401(k) participants. Key findings of the report include: High Acceptance Rates: Public sector employees have a high acceptance rate of default investments in their DC retirement plans
Financial Planning Services
. Financial Planning Services Log In To Access As part of your MissionSquare Retirement plan, you have access to financial planning services to help you achieve your financial goals. Log ... this benefit Exclusive webinars for different stages of life Focused communications on a range of financial topics Access to Kiplinger Retirement Report 2 ... planning services, including help with: Developing a financial goal plan 1 Creating a budget Strategies for paying off debt Investing for retirement Understanding Social Security benefits
https://www.missionsq.org/products-and-services/financial-planning-services.html
IRA Rollover Rules and the 60-Day Limit
to another. An IRA rollover is generally the transfer of assets between two, non-like retirement accounts, such as from a 457(b) to an IRA. IRA rollovers have specific rules depending on how the funds are transferred (directly or indirectly) and the type of account you are rolling from and into. The 60-day limit refers to when a retirement distribution is paid to you: If you roll those funds within 60 days into another retirement account, you won’t pay taxes or an early withdrawal penalty on the distribution. Why Make an IRA Rollover? A rollover might be a pre-retirement distribution you
https://www.missionsq.org/products-and-services/iras/ira-rollovers.html
Miscellaneous Changes (Pension Protection Act)
From Pensions, Annuities, Retirement or Profit- Sharing Plans, IRAs, Insurance Contracts, etc.) to a participant who has received a § 303 excess distribution. The first Form 1099-R should include ... . This will be reflected in the upcoming final regulations under § 409A. SECTION 828 OF PPA ’06 Section 72(t)(1) of the Code provides for a 10% additional tax on an early distribution from a qualified retirement ... for distributions made to an employee who separates from service after attainment of age 55. Under § 72(t)(3)(A), § 72(t)(2)(A)(v) does not apply to individual retirement plans. Section 828 of PPA ’06
https://www.missionsq.org/plan-sponsors/plan-rules/pension-protection-act/miscellaneous-changes.html
Employer Investment Program (EIP)
Retirement’s Retirement Health Savings Program for a truly comprehensive solution. In an environment of rising healthcare costs and GASB 75 financial reporting requirements, public sector employers ... for you. Dedicated account — Employers are generally required to utilize a separate trust, such as EIP’s Integral Part Trust, to fund a defined benefit retirement plan. Liability offset — Only ... in retirement, a critical expense for many. To learn more, contact your MissionSquare Retirement representative or Plan Sponsor Services at (800) 326-7272. a/7450 @media screen and (max-width: 768px
https://www.missionsq.org/products-and-services/employer-investment-program.html
Investment Philosophy
are working to build retirement security. In a multi-managed approach, managers with different but complementary investing approaches are selected and integrated within a single fund in proportions ... of a single manager. Your MissionSquare Retirement employer retirement plan generally invests in MissionSquare Funds, some of which invest in mutual funds that use a multi-management approach. MissionSquare Retirement's Retirement Health Savings Plans make available MissionSquare Funds , many of which use a multi-management approach. To learn more about investment options available
https://www.missionsq.org/products-and-services/investment-philosophy.html
Tax-Free Distributions for Public Safety Officer Insurance Premiums
insurance premiums, as outlined in the Pension Protection Act of 2006 (Subtitle D, Explanation 5). 5. Permit tax-free distributions from governmental retirement plans for premiums for health and long-term care insurance for public safety officers (sec. 402 of the Code) Present Law Under present law, a distribution from a qualified retirement plan under section 401(a), a qualified annuity ... (a "governmental 457 plan"), or an individual retirement arrangement under section 408 (an "IRA") generally is included in income for the year distributed (except to the extent the amount received constitutes
MissionSquare Retirement's CMO, Sheri Gilchrist, Advocates for Enhanced Financial Education Initiatives
Officer at MissionSquare Retirement , highlighted the critical need for organizations to provide substantive financial education programs to employees, as an increasing number of Americans grapple ... in supporting financial education initiatives, particularly in the context of the staggering $1.3 trillion retirement savings gap. She underscored the potential of leveraging technological advancements ... and fortification of financial education programs to secure better financial futures for all Americans, especially those navigating economic hardships. At MissionSquare Retirement, she leads
IRAs: How Are They Taxed and When?
reduce your taxable income for the year in which you’ve contributed to your IRA, therefore reducing the amount of tax you pay that year. When you start withdrawing from your account at retirement age, you will pay taxes on the funds you take out. With a Roth IRA, you contribute to your IRA after you’ve paid taxes for the year; and when you make withdrawals at retirement age, you don’t pay any taxes ... expect to be in a lower tax bracket when you reach retirement age, financial professionals generally recommend a traditional IRA option. This allows you to lower your income taxes as you contribute
https://www.missionsq.org/products-and-services/iras/ira-taxes.html