Retirement
Your Plan’s Vesting Schedule: Tailor It to Meet Your Needs
A retirement plan’s vesting schedule, which establishes when employer contributions to the plan will be owned outright by the employee, plays a role in how effective the plan is in helping to attract and retain employees. Employers will want to carefully consider their goals and the available options when selecting a vesting schedule for their…
Read MoreMillennials: On Investing and Retirement
Move over Baby Boomers. These days all eyes are on Millennials, those young adults between the ages of 18 and 34 who are now America’s largest living generation.1 According to the U.S. Census Bureau, Millennials in the United States number more than 75 million — and the group continues to expand as young immigrants enter…
Read MoreWill Debt Hinder Your Retirement Outlook?
The number of Americans in or nearing retirement who are still holding significant mortgage, auto, even student loan debt has been rising in recent years. According to recent data released by the Federal Reserve Bank of New York, the average 65-year-old borrower has 47% more mortgage debt and 29% more auto debt than 65-year-olds had…
Read MoreTurning the Page: 5 Things Baby Boomers Need to Know About RMDs
The times they are a changin’ for baby boomers. The generation that lived through and influenced the revolution in the retirement industry is now poised to begin withdrawing money from their retirement-saving vehicles — namely IRAs and/or employer-sponsored retirement plans. If you were born in the first half of 1946 — you are among the…
Read MoreFocus on the Forest, Not the Trees, of Investing
It’s a message worth repeating. Investing is a matter of focus. Despite recent disappointments in stock market performance, investors who are willing to assess the whole universe of investment choices may find that the market continues to offer new possibilities. And those who keep their sights set on long-term investment goals may find that a…
Read MoreWhen More Risk Equals Less Risk
If I asked you to name the most risky asset class, which would you pick? Emerging markets1 or Commodities2 or High-yield bonds3? Each investment has unique risks, but volatility of returns is one measure that can be applied to all. At its simplest level, volatility is the likelihood that an investment’s return will change from one period to the…
Read MoreBrush Up on Your IRA Facts
If you are opening an IRA for the first time or need a refresher course on the specifics of IRA ownership, here are some facts for your consideration. IRAs in America IRAs continue to play an increasingly prominent role in the retirement saving strategies of Americans. According to the Investment Company Institute (ICI), the U.S.…
Read MoreRising Longevity and Your Retirement
New research conducted by the Society of Actuaries (SOA), a leading membership-based organization for actuaries in the United States and Canada, revealed that older Americans are living longer than previously estimated. Specifically, SOA’s data showed that since its last report published in 2000 the life expectancy of men age 65 has risen two years from age 84.6…
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