Posts Tagged ‘retirement planning’
How the Recession Changed Retirement Planning
The Great Recession was a game changer in many ways, including retirement planning. Some long standing rules and traditions became obsolete and others held true. What lessons did the Great Recession teach about retirement planning that will help future retirees? Real estate has seen a significant shift. Before, many seniors were thinking of their [...]
Helping Clients Regain Retirement Confidence
There is a silver lining to the lack of confidence seen today's in employees planning for retirement. Nearly 70% of workers say they need to save 10% or more of household income in order to have a financially secure retirement. Four in 10 put the goal at 20% or more. While those may be just guesses, they are at least in the right direction for [...]
Financial Advisors Not So Good at Planning their Own Retirement
Financial advisers continue to put off planning their own retirement even though an overwhelming majority of them are at least 50, a new survey shows. About 68% of advisers have no formal succession plan for their business, according to an SEI survey of 100 advisers released today. Of those who have a plan, about 39% said they still aren't sure [...]
Record On Wall Street Spurs Talk Of Retirement Planning
Wall Street's recent record-breaking performance has prompted financial planners to urge people saving for retirement to review their assets. The Dow Jones Industrial Average closed at an all-time high, beating the record it set in October 2007, before the financial crisis. The Dow ended the day up 126 points 14,253.77, beating its previous [...]
Never Too Late to do Retirement Planning
Some of the assumptions we've made for generations about the best way to save and plan for retirement may no longer be true. The decline in housing and stock prices beginning with the 2008 crash, and a decline in 401(k) matches from employers, has raised the proportion of working households at risk of having too little to retire on just over half, [...]
Secret Service to Train Employees in Retirement Planning
The U.S. Secret Service has issued a Request for Quote (RFQ) to firms that can provide financial planning and retirement planning seminars to Secret Service employees at the agency’s training center in Laurel, MD, and in Washington, DC. The Secret Service intends to issue one Blanket Purchase Agreement (BPA) for one selected vendor, which would [...]
Retirement Planning’s ‘Magic Numbers’
Fidelity Investments, the nation's largest provider of 401(k) plans has come up with a magic number to determine when your clients are saving enough. Typical wage earners, it said, should aim to save at least eight times their final annual pay to be sure they can afford basic living expenses in retirement. To come up with the formula, Fidelity [...]
Health Costs Hurting Retirement Business Owners Say
Seven-in-ten American business owners consider rising health care costs to the primary threat to their current or future retirement, according to a new Millionaire Corner survey of 1,100 investors. “The cost of health insurance” has been ranked the top small-business problem for the last 25 years, according to “Small-Business Problems and [...]
Fiscal Cliff Deal Retirement Plan Revenue Boost Questioned
One modest way that U.S. lawmakers were able to offset the impact of delaying spending cuts in the deal to avert the "fiscal cliff" was through a retirement plan provision that is supposed to raise $12.2 billion over 10 years. The only problem is that some retirement and fiscal policy experts doubt whether enough people will take advantage of the [...]
How Much Insurance Do Retirees Need?
Under-insurance is an especially acute problem with retired and pre-retirement clients. There’s less time to recover in the event of a big loss. People tend to buy their insurance when they’re young and don’t adjust it as they get older, so they can really come up short. Health and long-term-care insurance are part of most retirement [...]
