Before retirement, Terry Dunne was the senior vice president and managing director of Retirement Services at Millennium Trust Company, LLC. Mr. Dunne has over 40 years of consulting experience in the financial services industry. He has written extensively on retirement planning, industry trends, technology, and legislation. Millennium Trust performs the duties of a directed custodian, and as such does not sell investments or provide investment, legal or tax advice.
How Americans Fight for Retirement Security
IRA Rollovers make saving easier by preserving tax advantages, offering more investment options, and boosting retirement security.
Is Your 401(k) Plan Ready For Rising Interest Rates?
While interest rate and economic cycles can be difficult to predict, it’s important for both plan sponsors and plan participants to understand the potential effects of rising interest rates.
Do Millennials Really Have it Tough in 401(k) Saving?
Millennial retirement challenges include lower wages, fewer benefits, and reduced Social Security, making saving for the future harder.
The Cloud Hovering Over 401k Automatic Enrollment
Improving the retirement security of all Americans isn’t easy. After decades of education and guidance on which employees…
Will Tax Reform Create a Retirement Saving Teachable Moment?
Teachable moments are fleeting. They occur when circumstances align just right, and people become eager to learn more.…
What’s at the Top of 401k Plan Sponsors’ To-Do Lists?
Avoiding lawsuits, improving retirement readiness, documenting plan decisions, auditing follow through, benchmarking fees, selecting an auditor, maintaining clean…
What the New Form 5500 Means for 401(k) Advisors
Proposals suggest a ‘modernized’ Form 5500 will compel plan sponsors to deliver information—some of it new—in formats that facilitate data mining.
Why the Time is Right for Workplace IRAs
Best-laid plans too often go awry, which is the case with the original mandate for individual retirement accounts.…
Here’s Why (Again) 401ks Are So Important
In 2016, the stars appeared to align for defined benefit (DB) pension plans. Interest rates rose. Stock market…
Millennials: Using 401(k) Plan Design, Education to Support Different Dreams
This isn’t your parents’ retirement dream. Millennials—the often-maligned demographic cohort encompassing 18 to 35-year-olds—don’t all share the retirement…