Is it time to help your employees retire successfully?

Chuck Yanikoski, President, RetirementWorks, Inc. has published 42 free, monthly Retirement Readiness reports. They are all well written and can be found at: Chuck has, gratefully, given me permission to use material from his reports to supplement information in my blog. I have done so below using Chuck’s report number 42: The economy has [...]

By |2018-07-03T00:18:38+00:00August 27th, 2012|Retirement Blog|0 Comments

How does the new Pension Law Affect the Timing of DB Plan Terminations?

New legislation, Moving Ahead for Progress in the 21st Century Act ("MAP-21"), has provisions affecting defined benefit (“DB”) pension plans. Plan sponsors who want to terminate their DB plans want their plan assets to be about equal to their plan liabilities on a termination basis (e.g. insurance company annuity or PGC lump sum). This way [...]

By |2018-07-03T00:18:39+00:00July 18th, 2012|Retirement Blog|0 Comments

In retirement it’s in our lives, our families, and our friendships.

Even more than money, family relationships are fundamental to a successful (i.e., enjoyable, fulfilling) retirement. Think about it: would you rather spend your older years pinching pennies but enjoying a great marriage, with loving and mutually supporting relationships with your children, frequent interactions with grandchildren, and happy connections with extended family – or would you [...]

By |2018-07-03T00:18:39+00:00June 25th, 2012|Retirement Blog|0 Comments

Your Employees Need Your Help Now

Most companies want to see a predictable and stable retirement of their older employees in order to facilitate growth opportunities for younger and more technologically advanced employees. That is one of the main reasons why companies sponsor 401(k) plans. But, based on the findings below, this is not going to happen. If employees can't afford [...]

By |2018-07-03T00:18:39+00:00June 4th, 2012|Retirement Blog|0 Comments

5 Action Items For Meaningful Retirement Legislation

Our retirement system is failing too many Americans and government needs to step up to the plate to provide meaningful legislation which will help facilitate retirement. Employers, workers, and the government should share the responsibility for the retirement security for all Americans. Here are the top 5 areas that I believe our government should focus [...]

By |2018-07-03T00:18:40+00:00May 3rd, 2012|Retirement Blog|0 Comments

When Can I Retire?

The bad news is that, unless you have a defined benefit pension plan or you die young, you will likely not have sufficient retirement assets to last for your lifetime. Americans are not saving nearly enough for retirement. Let’s assume that you will have an investment return of 4% after retirement and want to retire [...]

By |2018-07-03T00:18:40+00:00April 26th, 2012|Retirement Blog|0 Comments

Risks of Retirees and Pre-Retirees

A new Society of Actuaries study “The 2011 Risks and Process of Retirement Survey” reveals growing concern of risks among retirees but little change in their retirement planning. The retirement risks that most concern both retirees and pre-retirees are: • Keeping the value of their savings and investments up with inflation (69 percent of retirees, [...]

By |2016-08-11T09:04:00+00:00April 4th, 2012|Retirement Blog|0 Comments