Staff Spotlight - Whitney Wilkinson

Whitney provides support to Marketing and Business Development efforts by creating presentations, developing client communications, managing public relations and planning events. Whitney is the editor of Innovest’s quarterly newsletter, The Research Report and is also responsible for website development. Whitney is a member of Innovest’s Charitable Donations Committee. Most recently, Whitney has taken on mentoring and managing our current college interns, Claire and Kathryn.

Whitney is a mentor for the Big Idea Project at Holy Family High School and served as a digital communications consultant to the Colorado Public Plan Coalition (CPPC). She graduated cum laude from Colorado State University with a Bachelor of Arts in journalism and technical communication with a concentration in public relations and a minor in business administration. Whitney is also certified in Meet Essentials from Meeting Professionals International (MPI).

Five Additional Fun Facts About Whitney

  1. Whitney loves to water ski.

  2. She didn’t see the ocean until she was 23.

  3. Her favorite sport is hockey, and she is in her seventh season as a game night staff member for the Colorado Avalanche.

  4. Whitney’s favorite food is ice cream.

  5. She owns more than 10 pairs of cowboy boots.

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Christine Hudek
Meet Innovest's Newest College Intern

We are thrilled to welcome our newest college intern, Kathryn Armstrong. Kathryn is a senior at Colorado Christian University, majoring in finance. Here are five fun facts about Kathryn:

  1. Kathryn has visited 20 countries.

  2. She attended cooking school in Italy.

  3. She spent time in Kolkata, India working in Mother Teresa’s house.

  4. Kathryn received a scholarship to play D2 tennis at Colorado Christian University.

  5. Kathryn has won five pie eating contests!

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Christine Hudek
Meet Innovest's Newest Intern

Five Fun Facts about Claire Coughlin

  1. Claire has been rescued by ski patrol and taken down the mountain on a toboggan on two separate occasions.

  2. Claire has eaten ice cream every day for over a year!

  3. Claire spent the summer of 2017 as an intern in central London researching the economics of terrorism.

  4. When Claire was little, her dream job was to be an elf in the winter and an investment banker in the summer.

  5. Claire has presented at multiple academic conferences on the topic of America’s racialization of Jesus Christ.

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Christine Hudek
IRS Issues 2018 Version of Form 1099-R for Retirement Plan Distributions

“The IRS has released the 2018 version of Form 1099-R and its instructions. Retirement plan administrators (including administrators of 401(k) plans) are required to report plan distributions on Form 1099-R, which they file with the IRS and deliver to the plan participant or beneficiary. While the 2018 form and instructions largely mirror the 2017 version, there are a few changes.”  Click here to learn more!

Source: Thomson Reuters

Groups Say SEC’s Best Interest Proposal Fails to Provide Uniform Fiduciary Standard

Many groups and regulatory officials feel as though the SEC’s ‘best interest’ proposal “fails to impose a uniform fiduciary standard.”  Xavier Becerra, California’s Attorney General, calls the proposed rules “toothless” because emphasis is placed on “disclosure instead of preventing conflicts of interest”. Additionally, many groups feel as though the SEC did a poor job by leaving key terms, such as ‘best interest’, undefined. Throughout this article, organizations such as AARP, FPA, PIABA comment on the proposal and offer their recommendations on ways to clear up some of the ambiguity surrounding the new rulings. Click here to read the full article.

Source: PLANADVISER

What Makes a Great Nonprofit Board Member?

“Many people do a fair job as board director. Many more do a good job as board director. To truly be a great nonprofit board member requires having good character, a strong commitment to the cause, the gift of time, and a willingness to use personal and professional resources to advance the organization’s mission.” To learn more about each characteristic click here.

Source: BoardEffect 

Non-ProfitsRichard M. Todd
5 Tips to Support High-Impact Charities not Good Marketing

Giving back to charities and nonprofits is something that many people value and do on a regular basis. However, increased competition in the nonprofit landscape has caused some organizations to develop misleading donor pitches. Matt Aspegren helps explain why individuals should be wary of where they place their donor money. His main piece of advice: be very careful when selecting charities and nonprofits to invest in. This article offers five tips on how to distinguish between donor pitches that are just good stories versus ones that are legitimate and could truly benefit from a substantial investment. Click here to read more about how you can support high-impact charities and not just good marketing.

Source: Excellence in Giving

The Economics of Providing 401(k) Plans: Services, Fees and Expenses

Take a look at an in-depth analysis of what has happened with 401(k) plans in 2017. Investment Company Institute explains why:

  • Employers offering 401(k) plans
  • Paying for 401(k) Services
  • Fees and expenses of mutual funds
  • Trends in funds and share classes

See how a 401(k) plan is a cost effective investment for many American workers.

Click here to read more.

Source: Investment Company Institute

Who is Eligible To Make 401(k) Plan Catch-up Contributions

"A catch-up contribution is an elective deferral made by a participant age 50 or older that exceeds a statutory limit, a plan-imposed limit, or the actual deferral percentage test limit for highly compensated employees."

This piece offers a concise discussion as to which parties are eligible to make a catch-up contribution to a 401(k) plan.

Click here to learn more about catch-up contributions and rules on eligibility.

Source: EisnerAmper

Warn Clients About These Social Security Scams

It's time to start being very careful about giving away personal information over the phone and internet. According to Gale Stallworth Stone, acting Inspector General of Social Security, "Social Security Administration (SSA) impersonation schemes target Americans for the purpose of fraudulently obtaining Social Security numbers."  What's even more frightening about this statement is that reports of SSA impersonation are on the rise, per the Office of Inspector General's latest fraud advisory. Click here to read more on this topic and discover ways to protect yourself against these types of scams. 

Source: Financial Advisor Magazine