Archive for October, 2019

November Checklist for Plan Sponsors

Thursday, October 24th, 2019

  • Prepare to issue a payroll stuffer or other announcement to employees to publicize the plan’s advantages and benefits, and any plan changes becoming effective in
  • Conduct a campaign to encourage participants to review and, if necessary, update their mailing addresses to ensure their receipt of Form 1099-R to be mailed in January for reportable plan transactions in
  • Check current editions of enrollment materials, fund prospectuses and other plan information that is available to employees to ensure that they are up-to-date.

Financial Term To Know: Beta

Tuesday, October 22nd, 2019

In finance and investments, beta is a measurement of whether an investment is more or less volatile than the market as a whole. An investment with beta of one moves exactly in line with the market. An investment with beta less than one is less volatile than the market, while an investment with beta greater than one is more volatile than the market.

You can use beta as part of a range of criteria to choose investments that match your specific goals, time horizon, and risk preferences.

What’s Keeping You From Saving?

Thursday, October 17th, 2019

Many people say they don’t invest for retirement because they don’t have the money. Turns out the issue may be more related to indecisiveness than lack of available funds. It’s not that people are indecisive about saving and investing, but more that they don’t know it’s okay to be decisive.

Very few decisions in life that are made incorrectly can’t be fixed. One useful technique is to write down your financial goals. Often you can gain the clarity you need to make your next money decision.

Am I going to make it to retirement?

Tuesday, October 15th, 2019

When there are three months left in the year, it could be a great time to revisit the progress you’ve made toward your financial goals.

These may include creating an emergency fund, debt management, planning a first car or home purchase (or refinancing), considering long-term care needs for yourself or other loved ones, or setting up a college savings plan, among others.

American Retirement Expectations Vary by Ethnicity and Culture

Thursday, October 10th, 2019

It seems that expectations about retirement are not the same for Americans of every background. In fact, they can vary widely depending upon ethnicity and culture.

When asked whether or not they had calculated how much they would need to retire, about half of the respondents to a recent survey said yes. But breaking the responses down by culture and ethnicity, differences emerged. On the high end, 61% of Asian Indians had performed the calculation, compared to 39% of Korean respondents, the fewest among the surveyed groups.


Can You Use A Roth IRA To Save For College?

Monday, October 7th, 2019

Yes, with some caveats. Owners of a Roth IRA need to have income before they can contribute to a Roth IRA, so your kids won’t be able to own their accounts. But if you as a parent or grandparent have income below $122,000 and are single ($193,000 married filing jointly), you can name anyone as a beneficiary.