65 RETIRING AS RETIREMENT AGEAmericans age 50 and over are increasingly disregarding age 65 as the time to stop working, according to a poll conducted by Penn, Schoen & Berland Associates and commissioned by Experience Wave, a project that advances federal and state policies to keep older adults engaged in work and community life.
Fifty-three percent of respondents say that the coming wave of Baby Boomers hitting retirement age will be an asset to society, as they represent a pool of skilled workers with more time to dedicate to their communities. In fact, 76 percent believe that society should invest in ways to guarantee older Americans opportunities to stay engaged. Moreover, 59 percent of respondents plan to volunteer for a not-for-profit or community organization.
ACCOUNTANTSWORLD ADDS RETIREMENT PLANNING
AccountantsWorld has teamed up with ExpertPlan to help accountants provide retirement-planning services to clients.
AccountantsWorld Retirement Relief offers Internet-based 401(k) retirement planning. The service integrates with AccountantsWorld’s Payroll Relief application. Business owners, employees and AccountantsWorld’s 110,000 members will be able to manage retirement plans over the Web through the system. ExpertPlan provides both recordkeeping and administrative support for the 401(k) plan. The system supports any type of investment fund.
NEW 401(K) FEATURE IN PAYROLL CS
Thomson Tax & Accounting unveiled a new online 401(k) feature in its Payroll CS payroll processing application. The software now directly integrates with The Online 401(k), a provider of full-service Web-based 401(k) plans for small and owner-only businesses.
Once the system is set up, Payroll CS automatically creates a 401(k) information file each time payroll is run, which is then sent to The Online 401(k) for account updating.
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