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 is the right time to think of a retirement Plan B?
Plan B. Why do we need one? Contingencies. Because we never know the likelihood of all variables falling into place when planned for or desired. As I reviewed this Chicago Tribune article, the one thing that crossed my mind was: how many of us give conscious thought to these factors when we are in the … Continue reading What is the right time to think of a retirement Plan B?
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?
How would you decide the right option for you?
Retirement. Time to decide the funding requirements, and determine the sources. Also important is the question of the options of payment available for each source. Can it be paid in lump sum or over a period of time? Should some of these sources be consolidated or left alone? Where is it currently invested, and how … Continue reading How would you decide the right option for you?
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
Savings goal – how do we determine it and why is it difficult to do so?
Nest egg. The accumulated amount to generate income during retirement. What is that magic number? An elusive reality. This article by PlanSponsor cites guidelines that suggests a factor of salary that should be accumulated at various ages. What makes this determination a complex process are all the variables that influence this number - the uncertainties … Continue reading Savings goal – how do we determine it and why is it difficult to do so?
A golden opportunity from every perspective. Do we have the courage to make it happen?
Golden opportunities. Ever think of how many different connotations this term can mean? That is precisely what went through my mind as I read the article on MSNBC. With the massive baby boomer cohort of close to 80 million people that will be looking forward to their golden years, a time when they are no … Continue reading A golden opportunity from every perspective. Do we have the courage to make it happen?
How can we promote the need for retirement readiness with a well thought out communication strategy
Communication. Think about how it impacts our decision making in everything. With so much information coming at us on a daily basis, via all our "stay connected" devices, for work, non-work, and everything else in between, it becomes even more important to be very specific in communicating all the aspects of retirement readiness, including timing … Continue reading How can we promote the need for retirement readiness with a well thought out communication strategy
How can we apply the lessons learnt from successful savers?
Foresight. Belief. Faith. Discipline. Consistency. Persistence. These are the initial thoughts that come to mind when reviewing the press release on PR Newswire relating to the Perspectives of Retirement Survey: Lessons from Successful Savers conducted by PNC containing findings on the financial habits of successful savers. Among other factors, if the secret to retirement readiness … Continue reading How can we apply the lessons learnt from successful savers?
We all know the goal, but could we use some pointers to get there?
Planning for retirement? Think you are on the right path? Satisfied with your progress? If you answered "yes" to all the above questions, great. If not, you are not alone. Here is an article on the Schwab site that has pointers on what can be done to make up for lost ground. While many of … Continue reading We all know the goal, but could we use some pointers to get there?
Benefits Trends 