Many of the individuals and families I’ve helped with financial advice over the numerous years I’ve been a financial planner initially came to me with a specific issue or concern.  Sometimes it was the need to consolidate and rationalize an investment portfolio scattered across numerous accounts.  Occasionally it was what to do with the money…
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According to fourth quarter 2012 data for defined contribution plans administered by MassMutual (as reported in media site BenefitsPro.com), the average deferral rate for women participants was 5.38% and the rate for men 5.81%. This was reportedly the highest savings rate in four years. That’s the good news. But is a 5% or 6% savings…
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The Washington Post recently reported that for the first time since the 1930s, a majority of Americans are expected to be financially worse off in retirement than their parents. This conclusion, based on research from the U.S. Senate Committee on Health, Education, Labor and Pensions, the New School for Social Research, and Boston College’s Center…
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Scott Shane, professor of entrepreneurial studies at Case Western Reserve University, writes in Entrepreneur Magazine that small-business owners don’t save enough for their retirements.  Citing senior economist Jules Lichtenstein of the Small Business Administration, he finds that self-employed people are less likely to have a retirement plan than people who work for others.  The statistics…
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