Careful planning can help you manage competing financial priorities Does this sound familiar? You keep meaning to increase your retirement plan contribution, but there seem to be too many other financial priorities that get in the way. Fortunately, with a little...
Q: The ups and downs in the stock market have made some of our 401(k) plan participants very nervous, to the point that some have moved their entire accounts into money market funds. Is that a good strategy for retirement savings? A: First, be aware that you cannot...
Consider the trade-offs before deciding what age to begin taking Social Security benefits As you get close to retirement, one of your biggest questions will likely be when to begin taking Social Security benefits. If you file at an age other than your full retirement...
Strategies to help survive the ups and downs of the market While visiting an amusement park this summer may not be possible for everyone, the stock market has provided a number of exhilarating rides to make up for it. Following are some tips for holding on. Keep a...
Life involves risk. One of them is retirement, and whether the money we save to fund it will last. Do your employees understand their risk, and actions they can take now to manage it? A recent survey found that retirement security may be threatened by these four risk...
As of late March 2020, the number of Americans expressing confidence in their ability to live comfortably in retirement was at near-record highs. Of course, since that time pandemic-related market flux may have changed the numbers. Because many surveys covering...
Knowledge is Retirement Power For 2021, the Social Security Administration (SSA) is paying out a Cost-of-Living Adjustment (COLA) of 1.3%. This amounts to about $20 more a month in benefits for the average retired worker and $33 more a month for a typical retired...
The laws and regulations affecting retirement plans are constantly changing. With the SECURE Act and the CARES Act provisions that became effective in 2020, we have seen major changes to retirement plan rules. Some of these changes still need clarification from the...
Thank you to everyone that have submitted questions the past few months. We have had some great ones thrown out and we hope these answers help. Do not be afraid to ask a question, someone else is probably wondering about the same thing. Q: Early in the pandemic, we...