Archive for the ‘Uncategorized’ Category

Trapped In The Middle

Thursday, September 19th, 2019

Have you ever been in a situation where you are trying to balance your own finances while having to shell out money to everyone else?

The reality is that more and more people are facing difficult family challenges, and that becomes far more emotional if you are being impacted financially. Those hit the hardest are the ‘Sandwich Generation’—the generation trapped between financially providing for their own children, as well as themselves and also taking responsibility for providing financial assistance to their elderly parents.


Sustainable investing with low-cost ETFs

Tuesday, September 17th, 2019

Low cost, indexed exchange traded funds (ETFs) are improving access to what many investors are asking for — sustainable investing strategies that integrate the analysis of environmental, social, and governance (ESG) factors into the investment process and portfolio. Historically, ESG funds have had higher expenses due to the extra research that managers need to conduct on companies. However, as more money flows into ESG strategies, the companies that create ESG indexes are able to lower fees. A growing awareness of the benefits of ESG investment factors is also adding to investor demand.

How Employers Can Help Employees Offset Emotional Decisions About Retirement

Friday, September 13th, 2019

We know that emotion plays a role in money, and therefore retirement. Here are a few ways employers can help employees offset less-than-rational emotion and thus make better decisions about their retirements.

Behavioral economics have been the subject of much discussion in recent years, as you know. Money is a deeply personal subject for most people, and we often view it as a big factor in our (more…)

When Planning for Income, a Mix of Sources Can Help

Tuesday, September 10th, 2019

To enjoy a comfortable retirement, you may need to balance multiple types of income streams in your portfolio. This could help you achieve the most advantageous mix of investment growth, income and tax control that’s appropriate to your risk tolerance, income horizon, and goals. These streams can come from the following sources: (more…)

Helping Ex-Employees Prepare For The Future

Wednesday, September 4th, 2019

There are many employees who when they leave their job, take a lump sum distribution from their 401(k) accounts. How can an employer help transient employees prepare for the future?According to the January Current Population Survey (CPS) from the US Census Bureau, as cited in an Employee Benefits Research Institute (EBRI) issue brief, Trends in Employee Tenure, 1983-2018, February 28, 2019, over the past 35 years, a five-year employment tenure is about average number of years an employee stays at their job.


Pension Rollovers

Monday, August 26th, 2019

Gone are the days when people worked for the same employer for 50 years. By the time we retire, most of us will have worked at several different companies, perhaps in different countries and even in different industries. In the course of your career, you probably will have accumulated pension money through a company pension plan. If you changed employers and did not move your pension, chances are good that you have more than one pension plan.


September Checklist

Thursday, August 22nd, 2019

  • Begin preparing the applicable safe harbor notices to employees, and plan for distribution of the notices between October 2 and December 2 (calendar-year plans).
  • Distribute the plan’s Summary Annual Report by September 30 to participants and beneficiaries, unless an extension of time to file Form 5500 applies (calendar-year plans).
  • Send a reminder memo or email to all employees to encourage them to review and update, if necessary, their beneficiary designations for all benefit

Where They Stand, Where They Are Headed: Can You Help Employees Save (or Save More)?

Wednesday, August 14th, 2019

How realistic are employees about the true state of their retirement savings? While many among the three primary generations that make up today’s workforce are feeling pretty good about the future, all three may be seeing things a little optimistically.


Get the Right Amount of Investment Advice

Monday, August 12th, 2019

Putting together your plan doesn’t have to mean going it alone.

You’ve decided to save for retirement by signing up for your company retirement plan. After you’ve settled on the investment profile that best suits your style of investing (say, conservative, aggressive, or somewhere in between), the next most important decision you can make is how to match your style to your plan’s investment options. This part of investing is called asset allocation.


Financial Literacy: Employees Who Know More Save More

Wednesday, August 7th, 2019

Financial wellness is important for individuals and their employers, in part because of the role it may play in retirement. Individuals benefit when they are financially healthy, because it makes them more prepared to retire on time and with enough money. Companies benefit, too, because along with the potential for better-controlled benefit- and other employment-related costs, on-time retirements make room for promotions, new hires, and fresh ideas.