…one company or in one industry will affect the fund as a whole. Even so, investors should be aware of the volatility of stock funds and the potential for loss of principal. WHAT KIND OF INVESTOR SHOULD CONSIDER STOCKS? Stocks may be a good option…
…about 6.2% of salary for financial service industry employers. About half of plans (54.6%) offer a matching contribution. Another 9.9% offer only a non-elective contribution (for example, a profit sharing contribution), and the remaining 31.8% of employers offer both. What Kinds of Contributions Are Out…
…in Pensions & Investments, the OCIO market is nearly $1 trillion in size, a huge number for an industry that barely existed before 2008. Investment managers have taken notice of this huge growth with a doubling of the number of firms offering this service in…
…deadlines under IRS rules to completely rewrite their legal plan documents in order to consolidate these amendments into one revised document. The most substantial body of the new laws is found in PPA. Hence, the retirement services industry is referring to the revised plan document…
…wage to $10.10 over time)? While political factors are important, economic complexity has also played a large role. Opponents of raising the minimum wage have generally cited two “Economics 101” type arguments. First, there is a “market” wage in any given industry where the supply…
…Even a $1 million nest egg, will generate approximately $40,000 per annum … leaving a pretty thin $1,600 buffer. While the retirement industry has spent the last 20 years advising people how to accumulate retirement savings and reach a “magic number” – in this case…
…percent of your salary, then start where you can today. “Save early and save often” has become something of a cliché in the retirement savings industry, but it is a mantra that remains valid. Even if you start saving just 2 or 3 percent, you…
…in the second quarter of 20151. When there has been increased activity in the housing sector, most of the discussion has related to its positive effects. A strong housing sector benefits the construction industry, providing additional jobs. It also increases demand for building materials, home-related…
…late over an industry-wide “rule of thumb” that suggests retirees should try to replace 80 percent of their income during the first year of retirement. While that may be an admirable goal, it may not be realistic for many retirees for the reasons listed above…
…for the retirement plan industry. Broader retirement plan coverage in the U.S. With approximately 70 million workers who do not have access to a 401(k) or similar employer-sponsored retirement plan, the Department of Labor is working to make it easier from a regulatory standpoint for…
…may have profound implications for the retirement plan industry, employers, and individual savers. It may also eliminate or reduce deductions for home mortgages, health insurance, charitable contributions, and more. Significant tax reform would have been far more difficult without Republicans holding the majority in Senate,…
…moderate growth environment, 2017 may portend faster growth, with higher inflation and higher interest rates as fiscal policy assumes a larger role. Deregulation The coming year is likely to see significant easing and/or elimination of regulations in the United States financial industry. This includes restructuring…