As an ERISA/Employee Benefits compliance and planning attorney, Jack Towarnicky has over forty years of experience in human resources and plan sponsor leadership roles. Jack's expertise has afforded him several invitations to present at various national conferences: World at Work, International Foundation of Employee Benefit Plans, Council on Employee Benefits, Academy of Behavioral Finance & Economics, Disability Management Employer Coalition, Society of Actuaries, Society for Human Resources Management.
Jack has also provided several testimonies to the Department of Labor, Employee Benefits Security Administration, and authored several publications.
New Year’s Resolution: Most Young People Should Not Save for Retirement in Their 401(k): Part 2
Save all you can in your 401(k); but don’t limit it to retirement preparation, says contributing author Jack Towarnicky
State Mandated, Payroll-Deducted IRAs
20X, 15X, 12X More Likely to Save? Not Really!
Top 10 HSA Risks (401(k)s and HSAs, Better Together, Part Three)
Superior Health Savings Account (HSA) designs avoid the Top 10 risks—risks of commission and omission. Done right, HSA-capable coverage will complement your 401k plan—in both the accumulation and decumulation phase
Why HSAs and 401(k)s Are Better Together (Part Two)
Those who save in both a Health Savings Account (HSA) and a 401k can achieve a superior, synergistic outcome – dramatically better than participation limited to only one of the two accounts
HSAs and 401(k)s—Better Together (Part One)
Even if all HSAs assets are expended on pre-retirement qualifying medical expenses, they will help in retirement preparation by leveraging tax preferences
Most Young People Should Not Save For Retirement in Their 401(k)
401k plans can be very effective tools for smoothing consumption over a lifetime
Congress: Did You Ever Have to Make Up Your Mind?
Are the tax preferences for assets in retirement savings plans intended for retirement? If so, you may want to stop proposing legislation that enables and encourages leakage
Maryland’s State-Run IRA Is Different, Better, and Still Less Than Optimal
At this point, ALL Maryland workers would be better served by saving in a superior alternative
The 401(k) as an ‘Asset Magnet’: Helping to Avoid Rollover Ripoffs
Features of specific value to active and term vested/retired participants include ...
State-Run IRAs Are Similar, and Suboptimal: Opinion
The state-sponsored CalSavers completes its implementation process this week when all employers of five or more employees must comply.