Products March 30, 2012

Fiserv Offers Retirement Income-Planning Tool

Fiserv Inc. launched Retirement Illustrator, a retirement income-planning tool for advisers.
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Retirement Illustrator helps advisers present retirement spending requirements and distribution alternatives, overlaying risk events such as withdrawal, longevity, survivor needs and health care risks, to ensure their clients’ greatest concerns are addressed throughout their planning and retirement phases.

Retirement Illustrator provides financial professionals with the ability to forecast market conditions and the impact financial products can have on an investor’s retirement outlook.

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“The underlying technology of the solution gives financial professionals a powerful way to illustrate real-life scenarios and the impact on an investor’s retirement plan in a simple, easy-to-understand manner,” said Cheryl Nash, president of Investment Services at Fiserv.

Retirement Illustrator is a scalable, enterprise-class web-based application. It is hosted by one of the SAS 70-compliant data centers from Fiserv. 

Products March 30, 2012

Firms Launch Fiduciary Outsourcing Solution

MillenniuM Investment & Retirement Advisors (MIRA) and Rosenbaum Law Firm introduced Fiduciary Freedom Solutions (FFS) for 401(k) and 403(b) plans.
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FFS will provide all three levels of fiduciary protection under the Employee Retirement Income Security Act (ERISA): 402(a) Named Fiduciary, 3(16) Plan Administrator, 3(38) Investment Fiduciary, as well as 50 hours of retained ERISA legal counsel for one flat fee.  

As qualified independent experts, MIRA and Rosenbaum Law Firm P.C. may present solutions through plan design and other methods that can maximize the retirement plan benefit.  

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“Fiduciary tasks like reviewing and signing IRS Forms 5500s, monitoring service providers and determining excess compensation paid by employees to providers is our bailiwick” says MIRA’s Principal  Rick Canipe, EA, QKA.  “Across the country fiduciaries at companies have been forced to do far more with fewer employees and limited capital resources … Fiduciary Freedom Solutions was specifically created to outsource these functions to an ‘expert team’ relieving most of the CFOs/HR directors’ labor and as much liability as allowed by law.”  

More information is at http://www.ReduceLiability.com.

 

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