If “work” is the new “retirement”, how do we prepare for this eventuality?

"Work" "Retirement". Up to now, these two words have been thought of as being mutually exclusive. However, in the new world we live in, this reality is gradually changing. Work might as well be the new retirement. What are the long term implications of this new reality? Not just for the society as a whole, … Continue reading If “work” is the new “retirement”, how do we prepare for this eventuality?

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Social Security: Why it is important to do the homework enough in advance before eligibility

Social Security. Do these words bring images of relief or fear? Perhaps relief for some, and fear for many. Relief for those receiving payments or are fairly confident of its solvency when it is time to receive payments, fear for the skeptics. In addition to the above, this insightful study conducted by the BMO Retirement … Continue reading Social Security: Why it is important to do the homework enough in advance before eligibility

National Save for Retirement Week – An opportunity to step back, review, plan, and act

Proactive planning. Something most people know is needed, but are either not able to do, or cannot do - because of a multitude of reasons, some within, and many outside our control. This is what I thought of when I reviewed this article on PlanSponsor that analyzes a Wells Fargo annual survey on retirement readiness. … Continue reading National Save for Retirement Week – An opportunity to step back, review, plan, and act

Can we apply any of these best practices to determine our approach to retirement planning?

Fund line-up. A critical component that plan sponsors grapple with to fulfill their fiduciary duties, and equally importantly their responsibility to their employees - in terms of providing the most appropriate investment funds in the plan to maximize the retirement income potential. This report published by Vanguard contains the best practices to determine a plan … Continue reading Can we apply any of these best practices to determine our approach to retirement planning?

How can we use the strategies of the On Track people to improve our own retirement outlook?

Action. That is the need of the hour. What makes this State of U.S. Employee Retirement Preparedness report published by Financial Finesse valuable is the context of the economic conditions within which we have to plan for retirement. The financial challenges we deal with are very different from prior generations. Chances are these challenges are … Continue reading How can we use the strategies of the On Track people to improve our own retirement outlook?

What will you do to make a difference in the long run?

Today's retirement landscape. When we step back and look at it, we understand the importance and need for as much attention it is currently getting - from a wide group of stakeholders, including the policy makers. The attached report published by the ICI provides a very different perspective on the current landscape; one from different … Continue reading What will you do to make a difference in the long run?

Implementation at a macro or individual level – that is what it will take to make a meaningful impact

A path forward. Progress. Maintain what works, and improve where necessary. Makes other changes as needed. This is essentially the message in this introduction and report issued by the U. S. Chamber of Commerce. Through plenty of material on our blog, it should be no surprise that the word "retirement" conjures up images of financial … Continue reading Implementation at a macro or individual level – that is what it will take to make a meaningful impact

Are employees connecting with the communications in an ‘auto-‘ features environment?

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?

Target Date Funds – adoption, impact, and oversight

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

Selecting Fixed Income Fund options for retirement savings plans

Investment fund line up in the DC plan. To meet the fiduciary standards the due diligence required in selecting the right asset classes and individual funds is nothing less than rigorous. And even more so in this highly volatile economic environment. And how does a plan sponsor determine an appropriate fund line up to provide … Continue reading Selecting Fixed Income Fund options for retirement savings plans