PLANADVISER Weekend Newsdash
Week ending December 21st, 2018

Happy Friday, readers! It’s hard to believe, but this will be the last edition of PLANADVISERweekend for 2018. It is fitting that the subject is health care and financial wellness, seeing as the holiday season offers for many a time to reflect on what really matters in our busy lives. Everyone has their own traditions to welcome the New Year, but few would argue that good physical and emotional health are among the most important elements of happiness. In that spirit, we offer below some new ways that advisers and their plan sponsor clients can help workers take charge of their physical, mental and financial health in the next year.

Health Care and Financial Wellness
Education and Better Investments Needed to Propel HSAs to Retirement Savings Vehicles
The frequency of withdrawals prevents HSA account holders from building a meaningful balance to use for health care expenses in retirement, and individuals are unlikely to allocate their assets to investment products if their primary goal is to fund short-term medical expenses, Cerulli says. Read more >
Employers Describe Financial Wellness Initiatives as Pilot or Ad Hoc Programs
Few employers surveyed by the Employee Benefit Research Institute currently consider the financial wellness initiatives as “holistic” programs, and they noted challenges to offering these programs. Read more >
Selecting the Optimal Investment Lineup for HSAs
Health savings accounts have been used largely like checking accounts, so cash is the largest component of most HSAs, Jamie Greenleaf, lead advisor/principal at Cafaro Greenleaf, told attendees of PLANSPONSOR’s 2018 HSA Conference in New York City. Read more >
Finding Money for Both HSAs and Retirement Plans Can Be a Challenge for Employees
Willis Towers Watson suggests portals integrated with financial planning tools can help employees make strategic decisions about where to best save their money based on their unique financial situation. Read more >
Health Care Unknowns Have Always Vexed Retirement Planners
A new “Cost of Long-Term Care” analysis published by Moll Law Group underscores the fundamental difficulty of planning for the health care unknowns faced by all retirement savers. Read more >
Concerns About Retirement Health Care Costs Increasing Interest in HSAs
However, only 8% of respondent to a ConnectYourCare survey are seeking advice about how much to contribute to a tax-advantaged health savings account. Read more >
MOST POPULAR STORIES
Hub International’s Ambitious Vision for the Retirement Market

Linking health care and wealth management; maximizing practice efficiency and cross-selling opportunities; addressing individuals' insurance and financial wellness needs—Hub’s new retirement plan specialist advisers hope to do all of this and more.

AutoZone’s Use of Prudential GoalMaker Criticized in New Lawsuit

The lawsuit alleges that GoalMaker served Prudential’s interests at the expense of participants’ by funneling retirement savings into proprietary investment products and into investments that paid revenue sharing to Prudential.

2020 Contribution and Benefit Limits Announced

The limit on deferrals to 401(k), 403(b) and most 457 plans has been increased by $500.

IRS Proposes Changes to Tables Used in RMD Calculations

The purpose of any such updates would be to increase the effectiveness of tax-favored retirement programs by allowing retirees to retain sufficient retirement savings in these programs for their later years, the IRS says.

The Great TDF Debate: Prudence vs. Performance

Comparing the “quality” of target-date funds is not a straightforward operation. One must decide how to prioritize performance, risk and many other factors when making a prudent investment decision.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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