Retirement Meditation #12: Does your plan offer the right default investment option?
Let’s face facts, not all retirement plan participants are engaged in their retirement investments. Some, even though they can and should, simply do not make…
Retirement Meditation #11: Can a retirement plan have too many investment options?
During my time as a Senior Investigator with the U.S. Department of Labor, I reviewed the 401(k) plan of an investment management firm that had 78 investment…
Retirement Meditation #10: What is dollar-cost-averaging?
While my goldendoodle, Bear, lays by my chair snoring, I’m thinking about rollercoasters. Why am I thinking about rollercoasters? Because I’m recalling a…
Retirement Meditation #9: Should I leave the 401(k) or move it to my new employer?
A 2019 Bureau of Labor Statistics (BLS) study reported that Americans held an average of 12 jobs throughout their working years. Whether or not you are a part…
Retirement Meditation #8: What’s the fuss with employee after-tax contributions?
I can only imagine how many phone calls retirement advisors received in July 2021 about employee after-tax contributions. On July 9, the Wall Street Journal…
Retirement Meditation #7: Should I convert pre-tax money into Roth?
Following last week’s Retirement Meditation, one of my LinkedIn connections requested I address converting pre-tax money into Roth. The short answer to this…
Retirement Meditation #5: Should I make pre-tax or Roth contributions to my 401(k) plan?
Years ago, I listened to a retirement plan participant summarize a retirement educator’s lengthy explanation of the differences between pre-tax and Roth…
Retirement Meditation #4: What is the right amount to save for retirement?
I’ve met a lot of people in my more than 35-year career in the retirement plan industry.
Many individuals have said to me, “I wish I had started saving…
Me: What is retirement?
My teenage child: That’s easy. It’s when you stop working.
Me: Then why do I meet people every day who are working but say they are…
