What is 401(k) Benchmarking and Why Should You Do It?
Simply stated, benchmarking is the process of reviewing and evaluating your company retirement plan. It involves taking a look at what you are offering your employees today and deciding if it’s appropriate or needs some updating. There are four main areas to focus on when assessing your retirement plan: Plan Design Service Providers Funds Fees […]
What Does it Really Take to Retire?
As a plan sponsor, your employees rely heavily on your guidance; after all, you manage the plan that may offer their best shot at a successful retirement. When the 401(k) plan was introduced in the mid-80s, it was not intended as a standalone solution. However, as time evolved, defined contribution (DC) plans became the primary […]
Evaluating Your Fiduciary Process
Believe it or not, an efficient retirement plan committee does not happen by chance. The “best practices” your committee upholds form the foundation for a prudent process creating an opportunity for employees to pursue their retirement goals. Companies of any size can benefit from a consistent process and should consider implementing a few of the […]
Customizing Retirement Plan Design
NO “ONE-SIZE-FITS-ALL” PLAN Retirement plans come in all shapes and sizes: DC Plans, DB Plans, Non-Qual, 401(k), 403(b), 401(a), 457, SEP IRA, Simple IRA, Roth IRA, Cash Balance, HSA… and any other number letter combinations that you can think of. The simple truth is that there is no one-size-fits-all version of a retirement plan; and […]
Why Young People Should Plan Retirement
You might not retire in your 40s, 50s, or even 60s, but it’s a good idea to be prepared for when the time comes. It’s especially important for people to start planning early in today’s day and age, as programs like Social Security have unclear futures. A head start also helps you get an idea […]
The Beginner’s Guide to 401(k) Plans
Although retirement may seem like a long way off, it’s never too early to start learning how to save. A 401(k) can be a great way to start preparing for your retirement, especially considering the tax benefits it offers and how easy it is to withdraw your money. Read on for the beginner’s guide to […]
Retirement Planning Tips for Small Business Owners
If you plan on retiring someday, it’s never too early to start building the framework. When you start retirement planning, think about the needs of yourself and your family. Then you can research different retirement plans and work with a professional to find out which one is right for you. Read ahead for retirement planning […]
Smart Financial Resolutions for 2017
There’s no time like the present when it comes to saving money and securing your financial future. You might want to start 2017 with retirement planning, cracking down on outstanding debt, or considering your children’s education. Keep reading for a few smart financial resolutions for 2017. Think About Retirement People who have told you that […]
What to Do with Your Retirement Savings
There are plenty of ways in which you can go about saving for retirement. As you get closer, it helps to think about what exactly you will do with the money you’ve saved up in order to live comfortably through the rest of your days. Take a look ahead to find out what to do […]
A Retiree’s Guide to the Stock Market
You’ve worked hard for many years, and the time has finally come for you to retire. While you may feel ready, it is essential to make sure that your finances are prepared, as well. Early retirement planning in Tucson is always a wise move, and you can change your strategies as you go along if […]
