Complex Problems. Simplified Solutions.

Category: Defined Benefit

Your pension plan will be more expensive than you think

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Returns on public sector pension plans reach a record low As the sponsor or contributing member of a public sector pension plan, you’re aware that investment returns have been lagging the assumed rate of return over the last few years. This, along with increased longevity of your retirees, is increasing plan liabilities & required contributions. […]

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Is A Solo DB Plan Right For Me?

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If you’re a one-person business or have substantial self-employment income outside of your “regular” job, a Solo Defined Benefit (“DB”) plan may be for you.  We recently received a call from a professional with the situation of a surprise $250,000 income boost this year and another $100,000 the following year.   His question was “how can […]

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Pension Obligation Bonds And How They’re Viewed

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A Pension Obligation Bond has a ripple effect. The key is to thoroughly investigate from the outset whether or not this financial instrument is the most suitable choice. It is a long-term commitment involving a fixed repayment schedule. The rewards forever hold the promise of outweighing the risk. Each municipality has a different degree of […]

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Top Reasons to Invest for Retirement

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Here is a breakdown of the inherent benefits and incentives involved in retirement planning. Choice There are unlimited investment options available in today’s world. You can stay with a simple index fund or you can tailor your choices. Low Costs The costs of investing in retirement plans and IRA’s have never been lower. You are […]

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Top Reasons to get Educated on your Financial Future

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Hindsight is 20/20, but that wisdom winds up arriving too late. In order to secure a satisfying and comfortable retirement, you will need to educate yourself about how to arrive at such a successful financial future. A financial advisor can handle the specifics of investment vehicles and strategies, but the long-term road map is dependent […]

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Expert 401(k) Customization for Your Retirement

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Business owners have enough day-to-day stress. The last thing you want to worry about is managing a retirement portfolio. Your future well-being depends on this kind of long-term planning, and it is important to have your needs catered to in a customized way. At Odyssey Advisors, we pride ourselves on this level of customer attention. […]

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Cash Balance vs. 401(k) Considerations for Business Owners

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If you are an owner or partner looking for larger tax deductions and accelerated retirement savings that aren’t available under a 401(k) plan, a cash balance pension plan may be the perfect solution. The cash balance plan allows employers to control how much to save for an employee’s retirement, as opposed to 401(k) plans which […]

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Three Ways A TPA Can Help Reduce Your Administrative Burdens

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As a financial advisor, one of your primary goals is to streamline the interaction between you and your clients. This eases administrative burdens on all parties. Bringing in a TPA (third party administrator) can help distribute tasks and make everything go more smoothly. You’ve probably had clients who had to handle issues ranging from ADP […]

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