Does Your Practice Have a 401(k) Plan?

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This employee benefit & hiring incentive may help your office compete. May 3, 2017 Great employees are hard to find. This truth applies for all businesses, including healthcare practices and facilities. The challenge just begins at the point of hiring. Finding top-notch workers is one thing; retaining them is another. If your practice offers no 401(k)/Profit Sharing Plan, this amounts to a recruiting disadvantage. Fewer potential employees may want to work for a company that offers no retirement savings plan.  That may also encourage turnover, which could add to your…

Asset Allocation Changes

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Allocation Changes The BOKF Asset Allocation Committee recently made a few changes to the tactical asset allocation guidance.  International markets have become more attractive based on their valuation and growth trajectory, therefore, the committee members remain modestly constructive on the market and will reduce the allocation to REITs and increase the allocation to international equities. Tactical Allocation Changes UPAL Conservative and Balanced Models The allocations to the UPAL Core Bond Fund and UPAL Global Public Real Estate Fund are being reduced by 1%.  This reduction is being reallocated 2% to…

WealthBuilder Update

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April 2017 The Strategic Investment Advisors team at BOK Financial has implemented several changes to the WealthBuilder program. The changes are summarized below. Please note that the changes were implemented at the strategy level. Actual trades might vary in each account, depending on the account size and cash flows. Overview The Asset Allocation Committee met on April 10th and recommended several tactical changes. The Committee remain modestly constructive on the market and decided to maintain an underweight in fixed income and an overweight in equity. The decision was made, however,…

Retirement in Sight – April 2017

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April 19, 2017 Why you Might Not Want a Lump-Sum Retirement Payout Do you have the option of receiving your retirement money as a lump sum? You may want to turn that choice down. A new MetLife study, Paycheck or Pot of Gold, warns of the “lottery effect” that can occur when all that money makes its way into a household at once. Surveying more than 1,050 retirement plan participants who had taken lump-sum payouts, MetLife found that 21% had already used up 100% of that money; on average, it…

Have a Plan, Not Just a Stock Portfolio

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Diversification still matters. One day, this bull market will end.   Provided by UPAL April 13, 2017 In the first quarter of 2017, the bull market seemed unstoppable. The Dow Jones Industrial Average soared past 20,000 and closed at all-time highs on 12 consecutive trading days. The Nasdaq Composite gained almost 10% in three months.1 An eight-year-old bull market is rare. This current bull is the second longest since the end of World War II; only the 1990-2000 bull run surpasses it. Since 1945, the average bull market has lasted…

UPAL Special Notice

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Annually, UPAL requires an Audit of its Common Collective Pooled Trust Funds which hold retirement plan core assets.  If you are a participant in a participating Plan, an investor in the Pooled Funds or a Plan Sponsor and would like a copy of the Audit of the Pooled Funds, please send an email requesting a copy of the Audit to Kent Butcher, President/CEO, at kbutcher@upal.com or Lea Ann Nunley, Vice President of Retirement Plan Services, at lnunley@upal.com.  Upon receipt of your written request, a copy of the Audit will be…

Retirement in Sight – March 2017

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Presented by Utica Physicians’ Association, Ltd. March 23, 2017 How Much of Your Retirement Savings Should You Withdraw Each Year? When Fidelity Investments asked more than 1,000 pre-retirees to guess the percentage that retirement planners would recommend, 19% said 7-9% a year. (A typical recommendation might be 4%.) Additionally, another 19% of pre-retirees responding to the investment company’s Retirement IQ survey thought they could safely draw down their retirement funds at a rate of 10-15% a year. At that pace, they could risk outliving their money by their mid-seventies.    …

The Federal Reserve Raises Benchmark Interest Rate

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Monetary policy is normalizing due to economic improvement. Provided by UPAL March 23, 2017 On March 15, the Federal Reserve raised the benchmark interest rate by a quarter-point to a range of 0.75-1.00%. The increase was widely expected, and it represented a vote of confidence in the economy.1 This was the central bank’s second rate hike in three months, and Wall Street took it in stride, with the S&P 500 rising nearly 15 points on the day. One reason for that may have been the Fed’s latest dot-plot forecast, which remained…

America Saves Week

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How much are you setting aside on behalf of your goals?   Provided by UPAL  March 1, 2017 “Set a goal, make a plan, and save automatically.” This is the motto of America Saves Week, which begins on February 27. America Saves – a project of the American Savings Education Council – calls on Americans to do all three of those things to try and improve their finances. Each winter, it surveys Americans to see how well (or poorly) they are saving. The survey is in its tenth year, and…

Robo-Advisors vs. Human Advisors

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If an investor chooses a non-human financial advisor, what price could they end up paying? Provided by UPAL  March 1, 2017 Investors have a choice today that they did not have a decade ago. They can seek investing and retirement planning guidance from a human financial advisor or put their invested assets in the hands of a robo-advisor – a software program that maintains their portfolio. Why would an investor want to leave all that decision making up to a computer? In this era of cybercrime and “flash crashes” on…