Balance. This is the key word that comes to mind when reading this article in The Washington Post. This is what the younger generation has to successfully manage - in this new world. Balance between paying off College loans, managing current finances, buying a new house, and with any luck, with anything left over, saving … Continue reading Leveraging experience to help the younger generation
Will we truly get there? How? With the recent drumbeat of retirement readiness concerns, there is no shortage of industry surveys, research papers, and studies being published at an increasingly rapid pace to draw people's attention to this widely acknowledged challenge. Here is one such article published by PlanSponsor that quotes a recent survey conducted … Continue reading How would you address this challenge?
Why do we procrastinate on preparing for retirement? What can we learn from others and prepare ourselves for the best period of our lives? These questions apply not just to the younger generation, but also to those who are five to seven, or a few more years away from retirement. This insightful study from the … Continue reading Retirement readiness implications of emotionally connecting with the younger generation
Commitment to retirement planning. In an especially difficult economic environment, not easily accomplished. However, as everyone who has been on the other side knows, it is really that single most steadfast approach that helps in the long run, and not reacting to the noise that distracts one's focus. The press release on ICI's web site … Continue reading Is it enough to stay the course or do we need to do anything different?
Communications. One of the critical components that determines the success of the retirement savings plan. With effective communications employees are able to understand the need to participate in the plan, how it helps them, and why not participating hurts their retirement planning in the long run. Plan sponsors have a very important role in deciding … Continue reading Are employees connecting with the communications in an ‘auto-‘ features environment?
With the increasing popularity of Target Date Funds in retirement plans - both from an offering perspective, as well as adoption by participants, it is no surprise that this asset class has a meaningful impact on the retirement landscape. The article and research paper by Vanguard provides a detailed look at the adoption statistics of … Continue reading Target Date Funds – adoption, impact, and oversight
Open enrollment: A period of intense activity, long days and nights, "in the bunker" with plan sponsors making sure that employees enroll in the right choices, that make the most sense to them, based on their personal situation. Nothing new to seasoned professionals who know to expect this, every year - year-in and year-out, while … Continue reading Helping employees make the best decision during open enrollment