Posts Tagged ‘retirement planning’

Hoping For A Century?

Thursday, January 17th, 2019

FMI: Hoping For A Century?

It’s funny, sometimes I run into people in the street who ask me how my grandfather is doing – not because they know him, but because I quite often write about him and how his advice has had such an influence on me.

I recently returned from Australia where I visited my grandfather each day in his nursing home. It was hard to see the change in him and how, at 99 years old, his body is clearly shutting down. His 100th birthday is in March and, as we say in Australia, “He has had a good innings.” But the question is, will he bat a century?  (more…)

How Student Loan Debt Impacts Retirement Savings

Thursday, January 3rd, 2019

FMI: How Student Loan Debt Impacts Retirement Savings

If your workforce includes recent college graduates, it’s likely that some of them have debt associated with their college years. Student debt may play a large part in the finances of these young (and even not-so-young) employees; that’s why a complete picture of employee financial wellness should consider it. (more…)

Boost Your Savings Once The Kids Leave The Nest

Thursday, December 13th, 2018

FMI - Boosting Savings After the Kids Leave the Nest

For many couples, retirement planning takes on fresh importance once their children leave the nest, especially if  they have put off savings during the child-rearing years. If this is your situation, think about directing a greater share of your income toward your retirement. It may be helpful to devise a strategy several months before you face an empty nest, figuring out how far behind you are in building your nest egg. Having a written budget is critical, as is auto-depositing your contributions. That way you’re not tempted to spend your increased income once the kids are launched.

Planning Finances As A Single Parent

Tuesday, November 27th, 2018
FMI planning finances as a single parent


[Written by Carla Seely]

Organizing and planning for your family’s financial well-being can be challenging at the best of times. However, there are many challenges involved in managing and maintaining a household as a single parent. Being a single parent means you have less money to spare, and there is a pressing need to have a solid long-term financial plan because in most cases there are no alternative sources of income. (more…)

EXPOSED…Exactly What A TPA Does And What A Payroll Provider Shouldn’t Do!

Thursday, June 21st, 2012

By Peter Macaluso, Vice President, FMi

It’s amazing to me in this new digital world, where data is so readily available, that there’s also such a wealth of misinformation on subjects that can significantly affect our lives. In my many years with FMi, I’ve found this to be all-too true in the world of retirement planning. So you can imagine how enjoyable it was for me to read an article devoted to this subject.

In Solving The Mystery Of What A TPA Does, Ary Rosenbaum, Esq. does an excellent job of answering this question. For those as yet unfamiliar with his writings, Rosenbaum correctly states that a TPA — Third-Party Administration firm — “serves as the backbone of the qualified {retirement} plan industry”. He goes on to say that “plan sponsors need to hire quality TPAs and review their work to ensure competence…”

At FMi, I’ve seen first-hand the consequences experienced by those who didn’t follow this advice. Fortunately in these cases, we were able to remedy the situation at minimal expense, and provide the professional expertise to develop the right plan for their businesses.