Archive | Retirement

Not All 401(k) Plan Providers Are Created Equal

401(k) salary deferral plans are the most popular retirement plans today. Nearly every type of financial institution—banks, insurance companies, brokerage firms—offer 401(k) plan services. If your organization is considering offering a 401(k) plan for the first time—or it has a plan and you are reviewing its performance—there are several things to consider. Here is a […]

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Social Security: Income Replacement Trends Declining for Working Couples

In a way it seems counter-intuitive. Yet a recent report published by the Center for Retirement Research at Boston College found that as more women have left their posts as full-time homemakers and joined the workforce, the income replacement rate that Social Security provides to two-earner married couples has been in steady decline.   Demographic […]

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Tax Strategies for Retirees

Nothing in life is certain except death and taxes. —Benjamin Franklin   That saying still rings true roughly 300 years after the former statesman coined it. Yet, by formulating a tax-efficient investment and distribution strategy, retirees may keep more of their hard-earned assets for themselves and their heirs. Here are a few suggestions for effective […]

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Understanding Defined Benefit Plans

If you are eligible to participate in a defined benefit (DB) plan through your workplace, you have been given an increasingly rare opportunity to help provide for your retirement. A DB plan represents an employer’s promise to pay a specified, predetermined amount of money to a retired employee periodically for the remainder of his or […]

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Sell Your Employer Match

Most 401(k) plan sponsors offer their employees some type of matching contributions. The most common match, according to the Plan Sponsor Council of America, is 50 cents for every dollar an employee contributes to the plan, up to 6% of compensation.1 The reason for offering this benefit is simple: The availability of matching contributions encourages […]

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Retirement Confidence Leveled Off in 2016

Americans’ confidence in their ability to retire in financial comfort has rebounded considerably since the Great Recession, but worker optimism leveled off in 2016. According to the 26th annual Retirement Confidence Survey — the longest-running study of its kind conducted by Employee Benefit Research Institute in cooperation with Greenwald & Associates — worker confidence stagnated […]

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