401 (k) money should be the last resort for disaster victims

401 (k) money should be the last resort for disaster victims

Imagine it’s Wednesday afternoon and you’re on the downside of your work week. You’re looking forward to working in the yard, taking in a ballgame or perhaps a round of golf on the coming weekend. Off in the Atlantic there is a tropical storm but the forecasters predict it will spin harmlessly off the coast, trailing back into the mid-Atlantic.

Keep on truckin' Baby Boomers, retirement is right around the corner!

Keep on truckin' Baby Boomers, retirement is right around the corner!

Experts agree, the way Boomers will live out their retirement years will look very different from the historical, stereotypical image of “senior citizens.” So, rather than retiring into the background of our society, more will remain vibrant and active throughout their retirement years than was the case of previous generations.

Celebrate Labor Day 2017 - You've earned it!

Celebrate Labor Day 2017 - You've earned it!

As of June this year there were over 160,000,000 Americans in the workforce. We’ve come a long way since the days of child labor, unsafe working conditions and the 12-hour work day – all part of the labor landscape at the turn of the 19th century. We now have an official day off every year, 40-hour work weeks, vacation, sick days and so much more. And with the establishment of company pensions and 401(k) savings plans, we have the ability to prepare for our retirement in the workplace. As a nation, we have a lot to celebrate!

Is Safe Harbor Right for Your Business?

Is Safe Harbor Right for Your Business?

As an employer, you could be limited in the amount you can personally contribute to the plan under a traditional 401(k) plan. On the other hand, a safe harbor plan allows an employer to make a minimum contribution to their employees’ accounts while giving the owner/employees the ability to maximize their personal contributions to the plan.

How to make a retirement plan and Social Security work together

How to make a retirement plan and Social Security work together

Life expectancy can play a major role in when you should take Social Security. Current life expectancies give a person reaching age 65 about a one in five chance of living to age 90. Women tend to have a higher life expectancy than men. Here area few tips on how to make a retirement plan and Social Security work together.

Saving for retirement: Putting Social Security numbers into context

Saving for retirement: Putting Social Security numbers into context

Social Security and life expectancy: Finding the breakeven point.

The number one concern in retirement for most retirees is to make sure their money outlives them and not the other way around. Depending on the recipient’s status (single, married, widow, etc.), the breakeven point is typically in the 77 to 80 years of age range.

Automatic enrollment achieves the miracle of getting people to start saving.

Automatic enrollment achieves the miracle of getting people to start saving.

The Law of Inertia, while originating in the world of physics, is amazingly applicable to the world of retirement planning. As plan sponsors and financial advisors know, getting people who are not saving to start saving requires a force nearly equal to the gravitational field of a planet.

Retire as a Millionaire – Without Winning the Lottery

Retire as a Millionaire – Without Winning the Lottery

It IS possible to retire with a $1 million retirement fund without winning the lottery or getting a substantial inheritance from a rich uncle you didn’t even know existed. According to the Employee Benefit Research Institute (EBRI), 401(k) plans of a million dollars or more make up less than 1% of all plans, but that number is growing fast.

Hey, Gen Xers! Flick your Bic if you’re worried about not saving enough for retirement

Hey, Gen Xers! Flick your Bic if you’re worried about not saving enough for retirement

Pull your checkerboard Vans out of the closet and flashback to the 1980s. Ahh, the 80s! You bombed around in your mom’s Ford LTD. You watched Ferris Bueller’s Day Off, over and over until the family VCR broke.  Your music came from a boom box and MTV. You rocked out with Whitesnake and R.E.M. and danced to The Pet Shop Boys. You didn’t need apps to entertain you. You were rad. But then the 90s had to go and spoil it – you had to start taking on some real responsibilities.

How many years of retirement would you like to have?

How many years of retirement would you like to have?

How much retirement would you like?

“What if I told a 401(k) saver that, based on their current savings rate and investment allocation they would be able to maintain their current lifestyle in retirement for just six year?” asked Michael Kiley, owner of PAi. "After all retirement isn't about money, it's about ...

Apply these 5 tips to your 401(k) for a solid long-term strategy

Apply these 5 tips to your 401(k) for a solid long-term strategy

Whether you’re brand new to retirement planning or an old pro, participating in an employer sponsored 401(k) retirement plan can provide a significant source of retirement income.  Here are five long-term strategy tips to apply to your 401(k) to keep you on track to achieve your retirement goals.Don’t worry, you won’t have to go-it alone.

Lost track of an old 401(k)? Here are 5 ways to find it

Lost track of an old 401(k)? Here are 5 ways to find it

Trying to locate an old 401(k) plan from a previous job? According to the website missingassets.com. About 2% of 401(k) plan assets – roughly $850 million owned by 33,000 workers – are “orphaned” each year. The good news is that the Department of Labor has established rules for protecting money put into a 401(k).  So the money may not be “lost,” just waiting for someone to claim it.