{"id":195761,"date":"2023-09-01T12:00:00","date_gmt":"2023-09-01T16:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=195761"},"modified":"2023-09-01T12:59:05","modified_gmt":"2023-09-01T16:59:05","slug":"reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/","title":{"rendered":"Reevaluating Cash Balance Retirement Plans in a New Rate Environment"},"content":{"rendered":"\n<p>Cash balance plans are gaining popularity. Matt Sommer, Head of Janus Henderson\u2019s Specialist Consulting Group, explains what advisors need to know about using these plans to help highly compensated clients sustain their desired level of income in retirement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaways\">Key takeaways:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cash balance plans \u2013 a type of defined benefit plan \u2013 have gained popularity among older, highly compensated business owners who want to make contributions greater than current 401(k) profit sharing limits.<\/li>\n\n\n\n<li>When interest rates were close to 0%, many advisors shifted cash balance portfolios to equities to achieve their target rate of return.<\/li>\n\n\n\n<li>However, it may be time to consider de-risking cash balance plans and locking in yields that match the plan\u2019s target rate of return, which may now be attainable through high-quality fixed income assets.<\/li>\n<\/ul>\n\n\n\n<p>When planning for retirement, a common goal is to maintain the standard of living one has grown accustomed to. Many investors are able to accomplish this through defined contribution plans such as 401(k)s. But for certain professionals who have earned high salaries throughout their working years, replicating that level of income in retirement can be a challenge.<\/p>\n\n\n\n<p>Contribution limits on traditional 401(k) plans pose a significant obstacle to high earners whose savings may have fallen short as they near retirement. For 2023, the IRS has limited combined employee\/employer contributions to $66,000 ($73,500 for participants 50 or older). Given those limits, highly compensated individuals may not be able to make the sizable contributions that would allow them to generate a similar level of income in retirement.<\/p>\n\n\n\n<p>Enter the cash balance plan (CBP). A CBP is a type of defined benefit retirement plan that defines the promised benefit in terms of a stated account balance, similar to defined contribution plans. But one advantage of CBPs is that they allow participants to accelerate retirement savings beyond what they could put into a 401(k). Furthermore, contributions are pre-tax, making the plans attractive for those in higher income tax brackets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cash balance plans gaining traction<\/h2>\n\n\n\n<p>Cash balance retirement plans are the fastest-growing segment of the U.S. retirement plan market, with more than $1 trillion in assets.<sup>1<\/sup>&nbsp;CBPs\u2019 popularity has particularly grown in the \u201cmicro market,\u201d defined as plans with nine or fewer participants. According to FuturePlan\u2019s 2023 National Cash Balance Research Report, 61% of all cash balance plans are in the micro market and two-thirds of plans have assets under $1,000,000.<sup>2<\/sup><\/p>\n\n\n\n<p>These plans are particularly popular with older, highly compensated business owners who are interested in making contributions greater than the present 401(k) profit sharing limits referenced above. When structured properly, CBP contributions can easily dwarf these amounts. And because contribution limits increase with age, the plans can be especially advantageous for older investors who are on the home stretch to retirement.<\/p>\n\n\n\n<p>Annual contributions to a CBP are determined by an actuary, but the basic idea is that annual contributions plus earnings should replace a predetermined percentage of a participant\u2019s income in retirement. Furthermore, whereas 401(k) participants may direct their own investments and therefore bear the risks and rewards of their choices, the investments in CBPs are managed by the employer (or an investment manager appointed by the employer), who bears the risks.<\/p>\n\n\n\n<p>One interesting feature of CBPs is the interest crediting rate (IRC). The IRC is established in the plan document and can be thought of the plan\u2019s targeted rate of return. In general, performance that falls short of the IRC may have to be made up with greater contributions in future years, while performance greater than the IRC may mean lower contributions down the road.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Re-evaluating CBPs in a new rate environment<\/h2>\n\n\n\n<p>According to FuturePlan\u2019s 2023 survey, 84.5% of micro plans have adopted a fixed rate ranging from 1%-6%, with rates between 4%-5% being most common.<sup>3<\/sup><\/p>\n\n\n\n<p>When interest rates were close to 0%, many financial advisors shifted cash balance portfolios to equities to achieve those rates. However, it may be time for advisors to consider de-risking cash balance plans and locking in yields that match the plan\u2019s IRC. Today\u2019s environment of rising rates makes a target interest rate of 4%-5% attainable through fixed income. Strategies that invest in high-quality fixed income assets may be an appropriate choice for more risk-averse clients nearing retirement who are focused on capital preservation.<\/p>\n\n\n\n<p>Of course, advisors still need to manage duration, credit, and other risks associated with fixed income, so a diversified portfolio is still the recommended approach.<\/p>\n\n\n\n<p>For advisors seeking to help highly compensated clients sustain their desired level of income in retirement, a CBP is a tool worth considering. However, it\u2019s important to understand the somewhat counterintuitive way in which the plan\u2019s investments are managed: Unlike a 401(k), the focus with a CBP is on the contributions, not the returns. Consistency of annual contribution amounts \u2013 and annual tax deductions \u2013 is one of the keys to ensuring a smooth participant experience.<\/p>\n\n\n\n<p><strong>Sources and definitions<\/strong><\/p>\n\n\n\n<p><strong>Diversification<\/strong>&nbsp;neither assures a profit nor eliminates the risk of experiencing investment losses.<\/p>\n\n\n\n<p><strong>Duration<\/strong>&nbsp;measures a bond price\u2019s sensitivity to changes in interest rates. The longer a bond\u2019s duration, the higher its sensitivity to changes in interest rates and vice versa.<\/p>\n\n\n\n<p><sup>1<\/sup>&nbsp;\u201cCash Balance Plans Gain in Popularity,\u201d Plan Sponsor, March 2023.<br><sup>2<\/sup>&nbsp;\u201cNational Cash Balance Research Report,\u201d FuturePlan by Ascensus, March 2023.<br><sup>3<\/sup>&nbsp;Ibid.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally posted September 1, 2023 &#8211; <a href=\"https:\/\/www.janushenderson.com\/en-us\/advisor\/article\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/\">Reevaluating cash balance retirement plans in a new rate environment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matt Sommer, Head of Janus Henderson\u2019s Specialist Consulting Group, explains what advisors need to know about using these plans to help highly compensated clients sustain their desired level of income in retirement<\/p>\n","protected":false},"author":336,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,178,9,26,3],"tags":[62,740],"contributors-categories":[13609],"class_list":{"0":"post-195761","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-retirement","9":"category-securities","10":"category-text-articles","11":"category-traders-insight","12":"tag-rates","13":"tag-retirement-plan","14":"contributors-categories-janus-henderson"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Reevaluating Cash Balance Retirement Plans in a New Rate Environment<\/title>\n<meta name=\"description\" content=\"Matt Sommer, Head of Janus Henderson\u2019s Specialist Consulting Group, explains what advisors need to know about using these plans to help highly...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/195761\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reevaluating Cash Balance Retirement Plans in a New Rate Environment | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Matt Sommer, Head of Janus Henderson\u2019s Specialist Consulting Group, explains what advisors need to know about using these plans to help highly compensated clients sustain their desired level of income in retirement\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-01T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-01T16:59:05+00:00\" \/>\n<meta name=\"author\" content=\"Matt Sommer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Sommer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/retirement\\\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/retirement\\\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Matt Sommer\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/1cf820d63fd45c368e2dec3232081e7f\"\n\t            },\n\t            \"headline\": \"Reevaluating Cash Balance Retirement Plans in a New Rate Environment\",\n\t            \"datePublished\": \"2023-09-01T16:00:00+00:00\",\n\t            \"dateModified\": \"2023-09-01T16:59:05+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/retirement\\\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\\\/\"\n\t            },\n\t            \"wordCount\": 897,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"keywords\": [\n\t                \"rates\",\n\t                \"retirement plan\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Retirement\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/retirement\\\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/retirement\\\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/retirement\\\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\\\/\",\n\t            \"name\": \"Reevaluating Cash Balance Retirement Plans in a New Rate Environment | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"datePublished\": \"2023-09-01T16:00:00+00:00\",\n\t            \"dateModified\": \"2023-09-01T16:59:05+00:00\",\n\t            \"description\": \"Matt Sommer, Head of Janus Henderson\u2019s Specialist Consulting Group, explains what advisors need to know about using these plans to help highly compensated clients sustain their desired level of income in retirement\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/retirement\\\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/1cf820d63fd45c368e2dec3232081e7f\",\n\t            \"name\": \"Matt Sommer\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/matt-sommer\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Reevaluating Cash Balance Retirement Plans in a New Rate Environment","description":"Matt Sommer, Head of Janus Henderson\u2019s Specialist Consulting Group, explains what advisors need to know about using these plans to help highly...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/195761\/","og_locale":"en_US","og_type":"article","og_title":"Reevaluating Cash Balance Retirement Plans in a New Rate Environment | IBKR Campus US","og_description":"Matt Sommer, Head of Janus Henderson\u2019s Specialist Consulting Group, explains what advisors need to know about using these plans to help highly compensated clients sustain their desired level of income in retirement","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/","og_site_name":"IBKR Campus US","article_published_time":"2023-09-01T16:00:00+00:00","article_modified_time":"2023-09-01T16:59:05+00:00","author":"Matt Sommer","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matt Sommer","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/"},"author":{"name":"Matt Sommer","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/1cf820d63fd45c368e2dec3232081e7f"},"headline":"Reevaluating Cash Balance Retirement Plans in a New Rate Environment","datePublished":"2023-09-01T16:00:00+00:00","dateModified":"2023-09-01T16:59:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/"},"wordCount":897,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"keywords":["rates","retirement plan"],"articleSection":["North America","Region","Retirement","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/","name":"Reevaluating Cash Balance Retirement Plans in a New Rate Environment | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"datePublished":"2023-09-01T16:00:00+00:00","dateModified":"2023-09-01T16:59:05+00:00","description":"Matt Sommer, Head of Janus Henderson\u2019s Specialist Consulting Group, explains what advisors need to know about using these plans to help highly compensated clients sustain their desired level of income in retirement","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/retirement\/reevaluating-cash-balance-retirement-plans-in-a-new-rate-environment\/"]}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/1cf820d63fd45c368e2dec3232081e7f","name":"Matt Sommer","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/matt-sommer\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/195761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/336"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=195761"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/195761\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=195761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=195761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=195761"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=195761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}