…first step to hoping to live comfortably once one has retired. Increasing one’s contribution percentages over time and allowing the magic of compounding to work for one’s account are key components to a successful retirement savings strategy. In addition, what may be most important is…
…defray the costs of setting up those accounts. “We know that automatic savings programs are an effective strategy for building a nest egg, yet tens of millions of Americans don’t have that option through their job,” Whitehouse said. “This bill would make it easier for…
…certain circumstances), and increasing the maximum amount of a 401(k) loan to the lesser of $100,000 or 100% of the participant’s vested assets. We had no argument with that approach; after all, many people – through reduced hours or even job loss — needed sources…
Question: “When is it time to rethink your strategy?” Answer: “Always!” Self-evident? Perhaps, but a recent PwC study entitled “Retirement in America: Time to Rethink and Retool” provides some intriguing insights into where our industry stands now, and what it can do to improve the…
…traded companies to disclose how environmental, social, and governance (ESG) factors affect their business strategy. Those factors would include greenhouse gas emissions, fossil-fuel and related assets, and risks associated with climate change. It would require the U.S. Securities and Exchange Commission (SEC) to issue rules…
“Save early, save often” is our much-repeated mantra when it comes to constructing a sound retirement savings strategy. Prudent employees maximize their contributions to their company’s 401(k) plan, especially when it comes to taking full advantage of their employer’s matching funds. But what to do…
…insurance premiums paid by sponsors of defined benefit (DB) pension plans; assets held by the pension plans it takes over; recoveries of unfunded pension liabilities from plan sponsors’ bankruptcy estates; and investment income. According to its fiscal 2015 report, PBGC pays monthly retirement benefits to…
…available to qualified retirement plans whereas mutual funds are open to all plans. Most CITs tend to be invested in index funds, although actively managed offerings have been expanding. There has been significant recent growth in both the assets and the utilization of CITs in…
…of living in one’s retirement years? Despite the market’s asset growth since the 2008 crash, studies in 2013 and 2015 by the National Institute on Retirement Security1,2 had some sobering findings regarding shortfalls in retirement savings (where “enough” savings is considered as having assets equal…
…asset for a small business. Retirement plans can be designed to help small business owners preserve what they have built, achieve the retirement life they want and protect their assets. Think you can’t afford a retirement plan? Think again as you consider the following hypothetical…
…ETF costs associated with bid-ask spreads and ETF premiums and discounts from net asset values. Market trends suggest continued growth and demand for ETFs by investors and advisors in 2019 and 2020, despite some leveling off in 2018. The chart below shows U.S. ETF assets…
…more than the lesser of the base percentage or 5.7%. A couple of important keys to keep in mind: The allocation method or formula for each retirement plan is spelled out in its plan document and the plan would need to adopt an amendment if…