Franklin Ford Daniel

Franklin Ford Daniel, a Benefits Specialist at Middlebury College, enjoys the administration of the College's retirement plans and other benefits. Franklin's currently fired up with the Certified Benefits Professional training to comply with U.S. legal and regulatory requirements and integrate benefits programs with business strategy and design. Prior to joining Middlebury, Franklin was a benefits analyst at Service Employees International Union. He holds a bachelor's degree in Public Relations/Journalism from the University of Rhode Island. Before his benefits administration career, Franklin spent his days in the soccer field as a semi-professional soccer player with the NJ Nationals and Cape Cod Crusaders. Follow @franklindaniel_ on Twitter.

Posts by Franklin Ford Daniel

 
 
 

TIAA-CREF One-on-One Counseling Sessions with Erik Moreau

Categories: Midd Blogosphere

April – June 2015

  • Wednesday April 8, Davis Library 150D
  • Tuesday April 14, Davis Library 150D
  • Thursday April 30, Marble Works 201
  • Thursday May 7, Marble Works 201
  • Wednesday May 20, Davis Library 150D
  • Tuesday June 2, Davis Library 150D
  • Thursday June 11, Marble Works 201
  • Thursday June 25, Marble Works 201

To schedule an appointment with Erik Moreau, please call the Field Support Team at (800) 732-8353, M-F 8am – 8pm (EST).

Are You Exploring the Idea of Retiring Within the Next Couple of Years?

Categories: Midd Blogosphere

If you are considering whether (or when) to move on to the post-work phase of your life it is very likely that you have many questions. For example, you may be wondering:

  • What will happen with my retirement account when I retire? Can someone explain the options I will have for retirement plan distributions? Could I get an estimate of how much income I might expect to receive from my retirement account, post-retirement? How long after retirement will I have to wait before I begin receiving my retirement benefits?
  • Will I be able to remain on Middlebury’s medical/dental/vision plans post-retirement? Will I be able to cover my dependents? How much will it cost? Are there other health coverage options I should consider?
  • Do I have to apply for Medicare A? Medicare B? Medicare D? If so, when?
  • How far in advance of retirement should I contact the Social Security Administration?
  • What will happen with my CTO and SLR balances when I retire? Can I use my accumulated CTO balance to extend my retirement date past the date I will actually stop working?
  • I still have a child in college; if I retire will he still be eligible for the dependent tuition benefit?
  • How much notice should I give my manager? What is the process to formally initiate a retirement?
  • Could phased retirement or a transitional retirement plan be right for me? What is involved in pursuing such an option?
  • Would I be eligible to work at Middlebury part-time after I retire? Would doing so have any implications for my ability to draw funds from my retirement plan?
  • Will I still be eligible for Middlebury’s recreational discounts such as Snowbowl, Rikert and the golf course? Are there other perks that come with retirement?
  • Work has been a huge part of my life for decades and I’m concerned about the social and emotional aspects of retiring. Are resources available to help me?

My name is Franklin (Danny) Daniel and I am Middlebury’s Retirement Plan Specialist. Whether you have definite plans to retire in the near future or are just starting to consider the possibility of retiring down-the-road I would welcome the opportunity to meet with you (and your spouse/partner, if you so choose). We can discuss the topics above as well as any other retirement questions/concerns you may have, and I can help connect you with other resources who will be able to assist you with your pre-retirement planning. If the time is right for you to begin gathering information about retiring from Middlebury please make an appointment by calling me at extension 5755 or emailing me at fdaniel@middlebury.edu. I look forward to meeting you!

–Franklin (Danny) Daniel

TIAA-CREF One-on-One Counseling Sessions with Erik Moreau – 2015

Categories: Midd Blogosphere

January 2015 – June 2015

  • Wednesday January 7, Davis Library 150D
  • Thursday January 15, Marble Works 201
  • Wednesday January 28, Davis Library 150D
  • Thursday February 5, Marble Works 201
  • Wednesday Februrary 18, Davis Library 150D
  • Tuesday March 3, Davis Library 150D
  • Thursday March 12, Marble Works 201
  • Wednesday March 25, Davis Library 150D
  • Wednesday April 8, Davis Library 150D
  • Tuesday April 14, Davis Library 150D
  • Thursday April 30, Marble Works 201
  • Thursday May 7, Marble Works 201
  • Wednesday May 20, Davis Library 150D
  • Tuesday June 2, Davis Library 150D
  • Thursday June 11, Marble Works 201
  • Thursday June 25, Marble Works 201

To schedule an appointment with Erik Moreau, please call the Field Support Team at (800) 732-8353, M-F 8am – 8pm (EST).

IRS Announces 2015 Plan Contribution and Benefit Limits

Categories: Midd Blogosphere

On October 23, 2014, the Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. See the chart below for further details.

2014

2015

RETIREMENT PLANS
Annual Compensation Limits For Retirement Program Purposes 260,000 265,000
Elective Deferrals 403(b) – (for under age 50) 17,500 18,000
Catch-up Contributions For 403(b) Plan Participants age 50 and over 5,500 6,000
457 (b) Elective Deferrals 17,500 18,000
457(b) Catch Up Contribution (Subject To Age And Other Restrictions) 17,500 18,000
Defined Contribution Limits On Maximum Combined Employee/Employer Contributions To Defined Contributions Plans 52,000 53,000
OTHER
Social Security Taxable Wage Base 117,000 118,500
Medicare Wage Base No Limit No Limit

All figures in US dollars.

Sources: www.tiaa-cref.orgwww.irs.gov

Follow @franklindaniel_ on Twitter for up to date information on retirement benefits.

 

TIAA-CREF One-on-One Counseling Sessions | July-Dec 2014

Categories: Midd Blogosphere

TIAA-CREF One-on-One Counseling Sessions with Erik Moreau – 2014

July 2014 – December 2014

  • Wednesday July 2, Davis Library 150B
  • Tuesday July 22, Davis Library 150B
  • Thursday July 31, Service Building 201
  • Monday August 11 Davis Library 150B
  • Wednesday August 27 Davis Library 150B
  • Tuesday September 30, Davis Library 150B
  • Thursday October 16, Service Building 201
  • Wednesday October 29, Davis Library 150B
  • Thursday November 13, Service Building 201
  • Wednesday November 19, Davis Library 150B
  • Thursday December 4, Service Building 201
  • Monday December 15, Davis Library 150B

To schedule an appointment with Erik Moreau, please call the Field Support Team at (800) 732-8353, M-F 8am – 8pm (EST).

Need Free Tax Help?

Categories: Midd Blogosphere

United Way of Addison County is offering free tax help with a trained volunteer for qualified individuals. For further information and/or to schedule an appointment, please call (802) 388-7044.

 

TIAA-CREF One-on-One Counseling Sessions with Erik Moreau – 2014

Categories: Midd Blogosphere

January 2014 – June 2014

  • Wednesday January 8, Davis Library 150B
  • Wednesday January 29, Davis Library 150B
  • Tuesday February 11, Davis Library 150B
  • Thursday February 20, Service Building Room 201
  • Thursday March 6, Service Building Room 201
  • Thursday March 20, Service Building Room 201
  • Thursday April 10, Service Building Room 201
  • Wednesday April 30, Davis Library 150B
  • Wednesday May 7, Davis Library 150B
  • Wednesday May 21, Davis Library 150B
  • Thursday June 5, Service Building Room 201
  • Wednesday June 18, Davis Library 150B

To schedule an appointment with Erik, please call his assistant, Susan Geist, at (800) 842-2004 ext. 265906.