I’ve written often about the importance of saving for retirement. And also about the value of starting as early as possible to maximize the compounding of your returns over time. Well, why not start saving as a child? With a little help from you, even your younger children can start a Roth IRA to shelter…
Read more

Many advisors (including us) believe that one of the best ways to save for retirement is to regularly set aside a certain amount of money every week or month, turning saving into a habit.  Many retirement plans such as 401(k)s have been structured to encourage this behavior.  However, when you have to make lifestyle changes…
Read more

These days it’s not uncommon for a worker to spend his or her career at half a dozen or more companies before retiring. It’s also not uncommon for companies themselves to go through numerous mergers and ownership changes. The odds of record-keeping errors also grow as companies change hands. It’s generally easy to keep track…
Read more

A report by the Urban Institute finds that people retiring today represent the first generation of workers that have paid more in Social Security taxes during their careers than they will receive in benefits after they retire.  And this historic shift is expected to get worse for future retirees. When Social Security was first enacted…
Read more

Kravitz, a national designer and administrator of corporate retirement plans, recently released their 2012 National Cash Balance Research Report, which indicates that cash balance plans continue to grow much faster than all other types of retirement plans.  In 2010 (the most recent year for which IRS reporting data is available), the number of new cash…
Read more