Pre-Retirees & Retirees

Financial security in retirement is an important target for most working-age adults. There are many ways to reach that goal. An employer-sponsored retirement plan often comes in the form of a defined contribution plan, where employees contribute pre-tax or Roth dollars from their paycheck to a retirement account and select the investment optionsto help grow the balance. Many employers offer to match a certain level of contributions to encourage participation in the plan (and to

In 2007 and 2011, AARP conducted surveys in an effort to understand just how much 401(k) participants knew about the fees associated with their retirement plans. The results were alarming and showed a wide discrepancy between savers’ expectations and the reality of their 401(k) plan costs. Do 401(k) retirement plans charge fees? The first survey found that 71% of participants believed they didn’t pay any 401(k) fees at all.  Another 6% said they didn’t know

These last weeks, we’ve had more than our usual share of time to ourselves. There’s a lot happening in the world right now – and not a lot for us to do. This combination of an unsettled world plus leisure time can be a recipe for disaster. The extra thinking time may lead us to come up with new entries to add to our “worry wall.” Perhaps your retirement plan has made that list. With

Last week, President Trump signed legislation containing sweeping changes to the ways Americans will save and plan for retirement. The SECURE Act (Setting Every Community up for Retirement Enhancement Act) puts several provisions in place to strengthen retirement savings strategies. We expect nearly all of our clients to be impacted by this significant legislation and want to inform you of some of its key components. Key Components that Affect Retirement Savings Required Minimum Distributions (RMDs)