A recent article in the New York Times bore the eye-catching title “How to Retire in Your 30s with $1 Million in the Bank.” While that seemingly unlikely premise brought to mind the old Steve Martin line about how to be a millionaire and never…
A blog by Pete Swisher, CFP®, CPC, TGPC Senior Vice President, Pentegra Retirement Services Quick summary: The Bill is on the President’s desk for signature. Most retirement-related provisions that had been included in early versions have been stripped out—the emphasis is on personal and corporate…
Many retirees seek to relocate after their careers are over, for a variety of reasons: Wanting to downsize, to live in a community of like-minded (and similarly aged) people, or moving closer to (or, in some instances, further away from) family and friends. But, assuming…
The “Combating the Climate Crisis and Pursuing Environmental Justice” policy paper issued earlier this month by former Vice President and presumptive Democratic Presidential nominee Joe Biden and Sen. Bernie Sanders (D-VT) may not sound like something that those concerned with retirement should necessarily worry about….
Despite the evidence that, in general, those who have retired – especially those who have been retired for a significant amount of time – are spending less and at a slower rate than might have been assumed, there would seem to be little reason to…
We have long touted the benefits of multiple employer plans, or MEPs, which can provide a cost-effective way of managing a retirement plan. As its name indicates, MEP adopters are a number of employers who are involved in “commonality,” or the same line of business….
Now that we seem to be emerging from the COVID-19 crisis – emphasis on “seem” – it is time for the retirement savings industry to begin the long process of assessing where things stand. According to a new consumer survey, things are standing a little…
The U.S. Department of Labor’s (DOL) June 18, 2020 request for information (RFI) on prohibited transactions involving Pooled Employer Plans (PEPs) is good news for plan sponsors and potential participants alike. As we wrote at the time of its passage, one of the major provisions…
It is no secret that there is a retirement savings crisis in the U.S. A 2019 Bankrate survey found that 52 percent of American workers believe they are behind their own savings goals, with 16 percent saying they were on track, 11 percent saying they…
Question: “When is it time to rethink your strategy?” Answer: “Always!” Self-evident? Perhaps, but a recent PwC study entitled “Retirement in America: Time to Rethink and Retool” provides some intriguing insights into where our industry stands now, and what it can do to improve the…
Despite predictions by some that 2021 would begin with an explosion of Pooled Employer Plans (PEPs) as a result of the passage of the SECURE Act (Setting Every Community Up for Retirement Enhancement), that does not seem to be the case, so far. Certainly there…
2020 was an unusually busy year … and not just for the most obvious reasons. Legislatively, the retirement savings industry was faced first with the Setting Every Community Up for Retirement Enhancement (SECURE) Act – actually signed into law on Dec. 20, 2019 — the…