Your clients have planned. They’ve saved. Crossed their T’s and dotted their I’s. Hopefully you’ve helped them hit a point of financial security. Now they’re ready to begin having children. Many people are opting to wait until they are in the “right place” emotionally and financially before they begin their family. Even celebrities like Selma Hayek, Uma Thurman, Halle Berry and Michael Jordan are having children in their forties or later. Read more
Posts tagged ‘Retirement Savings’
Better yet where has my money gone?
This is something that many millennials are starting to figure out. We’re getting older and surprised by it – like it somehow snuck up on us unexpectedly! And in true millennial fashion, we’re already contemplating our retirement. Only 25 to 30 more years of hard work and we’ll get to enjoy all of the fruits of our labor – when we’re finally 55. I can picture it now, lounging on a beach somewhere in a tropical destination, traveling when and where I want all while still having enough money to be able to help my kids out with everything they need. Read more
It’s your money. You work hard and I’m not here to tell you how to spend it. But I am here to suggest some small changes that could, over time, increase your savings by tens, even hundreds of thousands of dollars. These are things you may not have thought much about because they seem so minor. Yet they could dramatically improve your ability to fund your kids’ college education, as well as the quality of your lifestyle in retirement. Read more
During his State of the Union address last week, President Obama announced a new retirement savings program called My Retirement Account or MyRA.
Labeled as a “starter savings account,” the plan is intended to be a voluntary savings vehicle for those who want to save for retirement, but don’t have access to a retirement plan at work. Read more
I love everything about the Olympics, in particular what it showcases – sportsmanship, patriotism, and uncompromising dedication.
I can’t help being inspired by the countless examples of focus, endurance and strength. To me, the Olympics stretch the boundaries of what is possible. There is real human emotion, with the margin of victory often measured in hundredths of a second. Many of the athletes prepare for the better part of their lifetime for events that last just minutes, or less. Read more
Much like Goldilocks looking for the right porridge, investors preparing for retirement have a great deal of choices and many are not “just right.” I’m the lead portfolio manager of The Principal target date series, and I’m going to use a fairy tale analogy to help explain the forest and the path we take through it. Target date investment options are designed to help an individual navigate the course between a career of saving and a comfortable retirement. Read more
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