In yesterday’s Blog I was pointing out the lack of education that 401(k) sponsors (especially small employers) are giving their employees. Today The U.S. Department of Labor (“DOL”) issued a rule to expand access to personalized investment advice for workers in retirement savings plans, Assistant Secretary of Labor Phyllis Borzi said. This is a big [...]
I am very fortunate and grateful to have lived in a generation where I will retire with a combination of several defined benefit pensions, lifetime retiree medical benefits, Social Security and other investment savings. Unfortunately, this is becoming less common each year. Almost all future individuals will eventually have to rely solely on their savings, [...]
Americans can no longer subscribe to the buy, hold and pray mentality that currently dominates 401(k) investing, especially as they approach retirement. There are no dress rehearsals when it comes to retirement ... it has to be right the first time. I believe that retirees need to de-risk their investments in an orderly fashion the [...]
Senate Majority Leader, Harry Reid, spoke to MSNBC about Social Security and said: "Two decades from now, I'm willing to take a look at it, but I'm not willing to take a look at it right now. It is not in crisis at this stage. Leave Social Security alone. We have a lot of other [...]
Atéssa’s comprehensive services address the needs of clients looking for cost-effective administration of the employee benefit programs. We administer benefits for a wide range of plans, using technologically advanced participant servicing, on-line reporting and recordkeeping. Cost Effectiveness of Outsourcing Outsourcing benefits administration saves businesses valuable resources, which can be put to use elsewhere in the [...]