A recent study quoted in this New York Times article reports information on the retirement readiness of employees in large organizations. Do you know: 1) The amount of accumulated assets required to last through retirement? 2) What percent of pre-retirement income is generally required during retirement? 3) What would be the shortfall to make up … Continue reading Retirement readiness of employees in large organizations
As Target Date Funds (TDFs) become more prominent in the retirement plan landscape, anyone who has a balance in 401(k) savings plans would be well served to understand a few basic features of how these funds operate. As the ReutersMoney article reports there are many variations in how different Target Date Funds operate. Test your … Continue reading Do you know the differences between various Target Date Funds?
Prudential's report outlines considerations for offering Fixed Income Options Within DC Plans. With the estimated 78 million baby boomers retiring in the next 20 years, it is no surprise that there will be a substantial need for people to have a predictable income source that will keep the economy humming. As I reviewed the report … Continue reading Determining Fixed Income options in retirement plans
Vanguard's report on how participants in DC plans are using professional services to manage their retirement accounts: How America Saves 2012. With the wide adoption of Target Date Funds (TDFs) in 401(k) retirement savings plans, i.e.: 82% plan sponsors offering TDFs, and 47% of the participants using them, chances are, as a participant in one … Continue reading Wide adoption of professional services to manage retirement accounts
SHRM's extensively detailed report on the Employee Benefits Landscape in a Recovering Economy, contains an in-depth analysis of a multi-year trend in the areas of retirement savings plans, compensation, employee health care, wellness, and many other related benefits. As an employer looking for the best and brightest talent to continue staying competitive in a recovering … Continue reading Employee Benefits trends in a recovering economy
According to the article by Mr. Fred Reish quoted on PlanSponsor, with so many of us living longer, there will be far reaching implications on the economy, employers, and companies that provide services to an aging work force. As you read the article, give some thought to: 1) What does this mean for you? How … Continue reading Implications of an aging workforce