Financial market developments over the past decade have undermined what was once thought to be conventional wisdom about saving, investment, and retirement spending. How Persistent Low Returns Will Shape Saving and Retirement explores how the weak capital market performance predicted for the next several years will shape pension saving, investment, and decumulation plans.…Read More
saving
Putting The Pension Back Into Retirement
Defined contribution plans – often known as 401k plans – have become the mainstay of US company pensions, yet their main function has been to get employees to save and invest during their work years. These plans haven’t been successful at delivering lifetime income benefits, as a rule: fewer than one-fifth of all such plans today help workers convert their plan assets into retirement paychecks.…Read More
Making Your Retirement Savings Last
Ask yourself these questions:
Do you want a guaranteed retirement income stream as long as you live, to protect you against outliving your assets?
Are you nearing retirement?
Are you in a defined contribution pension – either an employer-sponsored 401(k) or 403(b) plan, or an individual Roth or regular IRA?
If the answer to any of these questions is “yes,” reading this post could save you money!…Read More
A Peek Into America’s Pocketbook Reveals Finances Are Improving Slowly, But Surely
Today’s release of the latest National Financial Capability Study shows that we’re doing better protecting ourselves against financial emergencies than in the past. We’re also doing a better job cutting our high-interest debt than previously. Yet our personal finances, particularly the amount of debt we’re taking on, is still troubling.…Read More
Happy Financial Literacy Month!
April is Financial Literacy Month. You might suspect there is a problem with financial literacy in America, if an entire month is dedicated to it! And you would be right.…Read More
Financial Savvy Key To A Secure Retirement
Over the last 40 years, we as individuals have been given increasing responsibility for ensuring our own financial well-being in retirement. But it’s gotten quite complex, with an alphabet soup of retirement saving vehicles – from 401(k) to 403(b) plans to IRA and Roth IRAs – and our responsibilities loom large. Not only must we figure out how much to save and how to invest our retirement assets, but we also must take advantage of a variety of tax-favored assets, employer matches, payout options, and much more.…Read More