Still have money in a 401(k) at an old job? If you are preparing to change jobs, do you know what your choices are for managing the money in your current employer's 401(k) or retirement plan? Although many people choose to take a cash distribution, there are other options that may benefit you more. [...]
Will you regret not fully understanding the value of time? When recent retirees are asked whether they would have done anything differently about their retirement planning process, many say they wish they’d started sooner. The mistake that people at all income levels make with retirement accounts is not starting at a younger age. [...]
Feeling overwhelmed thinking about your retirement savings? Babies crawl before they can walk. Their first step is the most important -- it is the beginning of a lifetime journey. If you know you should begin saving and investing for retirement, don't worry about making a giant leap forward. Taking one small step toward [...]
Follow these simple personal finance pointers to get your financial life in order. If you are just starting out, the world of personal finance can seem daunting. In particular, saving for a home or planning for retirement may seem like dreams too distant in the future to tackle now. However, there are some [...]
For parents who want to help their children pay off loans, a note of caution A growing number of parents appear to want to help, as young-adult children struggle to pay off debt in an era when wages are not growing and rents are high. But parents need to be careful not to jeopardize [...]
Here are a few tips on how to keep your 401(k) working for you. As more workers plan to continue working later in life, at more organizations, the ability to preserve their nest egg and keep it growing when they leave their current company is more important than ever. Here ís an easy-to-understand guide to [...]
For many defined contribution (DC) plan sponsors, offering target date funds1 as a qualified default investment alternative (QDIA) has become almost expected. A target date fund invests based on a particular date, such as the year of a participant’s projected retirement. For many defined contribution (DC) plan sponsors, offering target date funds1 as a qualified [...]
Employee participation and deferral rates in America’s qualified retirement plans remained strong in 2015. In fact, participation was up 5% from 2010, and average salary deferrals were nearly 7%. These trends show marked improvement in defined contribution (DC) plan uptake by U.S. workers, thanks to plan sponsors who’ve implemented plan designs intended to help improve [...]
The location decision should go beyond financial considerations of cost of living and taxes One of the natural consequences of baby boomers getting older is an intense interest in exploring new living options. In 2020, some 71 million Americans will be 55 or older ¬– the time when most begin to think seriously about when [...]
The table has been beautifully set and the aromas from the kitchen are so alluring. The wine is chilling and the flowers in the centerpiece are both exquisite and pungent. You’re all ready to sit down and enjoy, but something is missing. You’re not hungry. Even though we design the most technically competent retirement plans, [...]
