…a better place. But when it comes to planning for retirement, they are (perhaps unsurprisingly) not so well-prepared or thoughtful. As we know, all-too-many people are saving an insufficient amount of their income to fund a comfortable retirement – something that is unfortunately reflected by…
…accumulation phase, you are now entering a “decumulation” phase, where your income stream must cover basic expenses for shelter, food, utilities and other routine bills, as well as “pleasure” expenses, such as travel, hobbies and other fulfilling activities. While planning your decumulation strategy with a…
Tools Our many retirement planning tools and calculators are designed to take you through the different stages of retirement planning. Get started building your financial future today! 2022 401(k) Day Materials – Know Your Numbers 2021 401(k) Day Materials – REFOCUS REVIVE RESET 2020 401(k)…
…In either case, having a holistic plan is critical to navigating the uncertainty and reaching your goals.” For those planning to delay retirement due to the economic impacts of the pandemic, 39% say they’ll push out retirement three to five years, while 35% say their…
…Want to Retire. Now What? A Business Owner’s Guide to the Best Plan, by Mary Read, CPC, QPA This informative book lays out the planning path for retirement in terms you and your clients can understand. Use it as a tool to educate yourself and…
…strategies, is critical. With that in mind, we are taking the opportunity to use this day to share Pentegra’s top ten tips for smart retirement planning at any age. Top Ten Tips for Smart Retirement Planning No matter how old you are, take some time…
…a strategy and align that strategy with their long-term goals. Participants often cannot measure whether they are on track to meet their retirement planning goals without first taking the steps to determine what the goals are. Rethink communication and education programs to help participants think…
…participants have been mired in and myopically focused on attaining plan investment gains. While plan returns are, indeed, important during the accumulation phase of the retirement planning journey, it is not the ultimate goal of a DC plan. The goal is to grow each participant’s…