Article Date:
September 2006

Word Count:



New Law and New Times Require a Close Look at Your Retirement Funds

The Pension Protection Act of 2006 is designed to close a $450 billion gap in pension funding.1 For you, this new law presents a number of issues to consider, opportunities to act on, and pitfalls to avoid, including these:



What you need to do if you are self-employed with no employees.


What you need to do if you are self-employed with employees.


How the new opt-out rules help you build safe-harbor status against the top-heavy problem.


What you need to consider when it comes to investment advice from 401(k) plan administrators, which is allowed under this new law.


Why you want a 13% or better investment return on your retirement assets, and how this is within your reach.


What the pension bailout for the airline industry means to you and what actions you need to take now.


Why companies are no longer using their pension plans to increase reported earnings but are showing up in bankruptcy court with plan termination requests.


How the pension problem can attack your lifestyle even if you do not have, do not want, and will never have a pension.

Your Self-Employed Plan


If you are the sole owner and worker in your business, the new law has little real effect on your choice of retirement plan. Let’s say you are age 57, the owner, and the only worker ... Log in to view full article.

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