2 Minute Read The conglomerate GE took steps earlier this month to shore up their retirement program by freezing the pensions of 20,000 existing employees and offering buyouts to 100,000 former employees who have yet to start collecting their benefit.
2 Minute Read A question I am asked frequently when discussing retirement; how much should I have saved? Some “experts” claim you need to replace 80% of your pre-retirement income, while other marketing campaigns by financial services companies want us to believe that we need close to… Continue Reading “Average 401(k) Savings by Age”
3 Minute Read When you retire or leave your place of employment, you have the option to leave your money in your company plan, or roll the money to an IRA. The IRA can provide several benefits including more investment options, professional management, personalized… Continue Reading “Thoughtfully Rolling a Workplace Retirement Plan to an IRA”
2 Minute Read In a 417 to 3 vote, the “Setting Every Community Up for Retirement Enhancement” or SECURE Act has passed the House, and is heading to the Senate for vote. Here is a brief rundown of the bill’s major provisions along with… Continue Reading “Retirement Legislation Passes House”
Weekly Update – New Retirement Plan/IRA Legislation Earlier this week, the Ways and Means house committee passed the SECURE Act. This provisions of the bill would be the most signficant to retirement plans since the Pension Protection Act of 2006. The Senate is… Continue Reading “New Retirement Plan/IRA Legislation”