Retirement Plan Articles
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Your Apathy, Their Disdain-The Inflated Price of Health Care...
On March 4, 2013, Time Magazine published a 36-page article by journalist Steven Brill entitled, “Bitter Pill: Why Medical Bills Are Killing Us!” Brill spent seven months analyzing bills from hospitals, doctors, and pharmacists. He also either interviewed or reviewed the hospital bills of seven uninsured or underinsured individuals and discovered that the health care industry charges whatever it wants. Read More.
A 401k Conversation is Going on Without You
Retirement plans like the 401(k) plan are facing greater scrutiny and skepticism by nearly everyone. Are they the best way or even a good way for the average worker to save for retirement? Should they be changed to reduce risk and complexity? Should employers stop offering them altogether? These are the questions being asked; the answers depend on whom you ask. Read More.
The Kill Bill Guide to Saving for Retirement
Financial institutions, including big name retirement plan administrators, spend millions of dollars developing marketing plans designed to get us to save for retirement. To help put their plans into action they employ consultants who use behavioral economics research to understand why and how we make financial decisions. These financial institutions could save a lot of their own money if they hired Beatrix Kiddo as a motivational speaker instead. Read More.
Flip The Script on 401k Fee Disclosure Notices
Over the next few months employers will engage individual retirement account plan participants (e.g., 401(k), 403(b), 457 and profit sharing plans) in a discussion about retirement plan fees and expenses. Read More.
Give up or Give it up?
It is hard to keep track of all of the television news reports, newspaper, and magazine and web articles about America's retirement savings crisis? Nearly every day someone is talking or writing about how the recent Recession has led more people to reduce or stop their retirement plan contributions, delay their retirement beyond normal retirement age, or throw their hands up in frustration over the stock market. Read More.
Retirement Savings Plan-It Is My Money
Most employer-sponsored defined contribution retirement plans (401(k), 403(b), 457) include a loan feature even though employers are not required by law to include loans in the plan design. Read More.