3 mistakes people make with retirement withdrawals
Not tapping tax-deferred retirement accounts until the age of 70 1/2 can be a wrong move, as required minimum distributions can be big enough to push retirees to a higher tax bracket.
Retirement readiness
Benefits Think 401(k) auto-enrollment is great, until it’s not
Employees often don’t save enough, and few utilize auto-escalation.
Mark Singer
The Financial Literacy Toolbox
How to put retirement healthcare costs on employees’ radar
Employers need to help their workers understand and prepare for additional medical charges when they stop working.
The challenge of living with low interest rates
Rates are likely to remain low, which will have a negative effect on retirees and older workers who are adjusting their portfolios in preparation for retirement.
Living with low interest rates
Rates are likely to remain low, which will have a negative effect on retirees and older workers who are adjusting their portfolios in preparation for retirement.
Healthcare costs could eat up retirement funds, forecast shows
In a perfect world, the largest expenses in retirement would be for fun things like travel and entertainment. In the real world, retiree healthcare costs can take an unconscionably big bite out of savings.
Are shorter marriages shifting retirement planning?
Women are spending fewer years being married, new research finds, a change that “has significant implications for financial planning.”
Benefits Think Less is more when designing a 401(k) plan
With the goal of improved participant outcomes, a simplified approach using straightforward language could be more attractive to employees.
Don Stone
Pavilion Advisory Group
Benefits Think Don’t overdo the modern investment menu
Participants don’t need a million choices to save successfully for retirement.
Jess DeGabriele
LHD Retirement
Benefits Think Why small retirement accounts are the root of many plan admin problems
The sheer number of modest, inactive 401(k)s — along with the friction in the industry that makes it difficult to seamlessly transfer the balances from plan to plan as participants change jobs — is causing a lot of undue stress.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Retirement Adviser of the Year spearheads client-first business model
Bob Judd, managing partner at Beltz Ianni & Associates, guides plan sponsors as they reduce expenses and boost participation.
Retirement plan menu design continues to evolve
Plan sponsors must continue to offer automatic plan features and do a better job of vetting target-date funds.
Could employees live off Social Security alone?
Workers should start shoring up their savings by chipping in as much as they reasonably can to their employer’s retirement plan, especially if it comes with a matching contribution.
Benefits Think Why small retirement accounts are the root of many problems
The sheer number of modest, inactive 401(k)s — along with the friction in the industry that makes it difficult to seamlessly transfer the balances from plan to plan as participants change jobs — is causing a lot of undue stress.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Benefits Think 401(k) auto-enrollment is great, until it’s not
Employees often don’t save enough, and few utilize auto-escalation.
Mark Singer
The Financial Literacy Toolbox
Retirement plan menu design continues to evolve
Plan sponsors must continue to offer automatic plan features and do a better job of vetting target-date funds.
Benefits Think Less is more when designing a 401(k) plan
With the goal of improved participant outcomes, a simplified approach using straightforward language could be more attractive to employees.
Don Stone
Pavilion Advisory Group
Transferring IRA money to a health savings account
The amount that can be transferred is equivalent to the HSA's annual contribution limit, which is $3,400 for singles and $6,750 for couples.
Older workers want to retire later — but employers aren’t helping them do so
Companies need to do a better job of offering opportunities, such as flexible work arrangements, to employees who want to stay on the job longer.
Twin terms that can trip up investors
These two accounts are both funded with money that has already been taxed, but there are still important differences that clients need to know.
