What Does It Mean to Be a Fiduciary to Your Employees?

Being the fiduciary of a retirement plan for your employees is a huge responsibility. A desire to take care of loyal employees in retirement and the need to attract good candidates in the future are some of the underlying reasons to assume such an obligation. Unsurprisingly, education is important for both the fiduciary retirement plan […]

Continue reading >

Topics: Advice, Retirement

Investment Horizons During Retirement

Life is all about balance. You want to enjoy life along the way, but it’s also vital to set aside resources for days that lie ahead. Successful retirement planning means planning for the expected and the unexpected. Plan for potential early retirement There are many reasons why you might retire earlier than you originally planned. […]

Continue reading >

Topics: Advice, Retirement

Understanding Medicare Options and Late Enrollment Penalties

Overview: Enrolling in Medicare can be overwhelming. The following looks at enrollment periods for different coverage options. Medicare health insurance is a dense topic. Each of the various options have specific coverage and enrollment periods. To select the best coverage for you, it helps to have a better understanding of the program. This knowledge can […]

Continue reading >

Topics: Advice, Retirement

No Free Lunch and No Free 401(k) Plans

Most of us understand that if somebody else picks up the check for lunch, there is probably a catch. The old adage about there being no such thing as a “free lunch” is true more often than not. Hopefully, though, the offset isn’t worth more than the cost of the meal. When it comes to […]

Continue reading >

Topics: Advice, Investing, Retirement

10 Things You Absolutely Need to Know About Life Insurance

  Life insurance is one of the pillars of personal finance, deserving of consideration by every household. I’d even go so far as to say it’s vital for most. Yet, despite its nearly universal applicability, there remains a great deal of confusion, and even skepticism, regarding life insurance. Perhaps this is due to life insurance’s […]

Continue reading >

Topics: Advice, Retirement

The Top 10 Myths About 401(k) Plans

Regular pre-tax deductions toward a retirement plan balance figure into a lot of employees’ paychecks, but many people don’t fully understand how the fund they’re contributing to works. Tim Maurer debunks ten common myths about 401(k) plans. Find it on CNBC.com By clicking on any of the links, you acknowledge that they are solely for […]

Continue reading >

Topics: Advice, Investing, Retirement

Is Your Attitude Toward Work Killing Your Retirement Dreams?

Do you have a generally positive or negative impression of the word “retirement”? I ask because it dovetails nicely with a series of questions (inspired by Rick Kahler) that I use to begin most speaking engagements. These questions are designed to incite self-awareness, offering us clues about how our life experiences have shaped the (often unarticulated […]

Continue reading >

Topics: Advice, Investing, Investment Strategy, Retirement

The Irrelevance of Dividends

Research has established that dividend policy should be irrelevant to stock returns, yet investors have long demonstrated an irrational preference for them. Mutual fund providers are well-aware of this fact. Earlier this week, we reviewed a pair of studies showing that mutual fund managers exploit investors’ well-documented preference for cash dividends to attract assets by artificially “juicing” […]

Continue reading >

Topics: Advice, Investing, Retirement

Youth + Roth IRA/401(k) = Successful Retirement Planning

What makes youth and a Roth IRA such a great combination? Starting to plan for retirement early creates many possibilities for success. As young adults start their first job with retirement benefits, one of the initial questions they need to address is how to invest in the 401(k) or other defined contribution plan offered by […]

Continue reading >

Topics: Advice, Retirement