The Health-Wealth Connection – Understanding the power of a physically and fiscally fit workforce
I was at an industry meeting recently speaking to a group of employers, retirement plan record keepers, and financial advisors about the state of retirement readiness in America as we move from old America (working for one employer and defined benefit pension plans) to the new America (multiple jobs and defined contribution plans).
The central theme of the talk was that while Americans are not saving enough, viable solutions to get more Americans on track are becoming increasingly clear. We just need to move faster. Read more
As thousands of boomers a day flood into retirement, many experts are beginning to feel that the financial tools and strategies Americans need for living in retirement may not be the same exact tools and strategies that we need to save for retirement. Retirees need tools and strategies specifically designed to help them transition from a life fueled by an employer-provided paycheck to a life supported by a paycheck from themselves — a mycheck. That’s a pretty big deal, and it is often underestimated by many retirees.
If you’ve attended a Little League baseball game recently, you’ve probably experienced the frustration of watching a young batter watch a perfectly good strike go by and then take a wild swing at a pitch that hits the dirt before it hits the plate. You may find yourself saying under your breath, “Coulda hit that one, or shoulda let that one go by…..”
Maybe plan participants are watching the same type of opportunities go by with their retirement accounts. Read more