retirement planning

The Arrival of Target Date Funds with Annuities
Team SummitEmployee Outcomes, Employer Resource Center, Plan InvestmentsComments are off for this post
With participants thinking erroneously that there is a guaranteed paycheck built into their retirement plan, the production of an “Income Target Date Fund” has grown exponentially. Since 2020, some target-date series now include a form of guaranteed income, providing participants with a more predictable future. What is a Target Date Fund (TDF) with an Annuity?  Read More →
The Road to 15%: Helping Employees Navigate Toward Retirement Readiness
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
Many advisors recommend saving 15% of pre-tax earnings, including any employer match, to prepare for a secure retirement — but to accomplish this, timing is crucial. According to Forbes, savers need to begin by age 35 to retire comfortably by age 65; to retire by age 62, they’d need to get started by 25. Looking  Read More →
The Magic Number: Bridging the Divide Between Expectations and Reality
Team SummitEmployee Outcomes, Employer Resource Center, Plan Operations & AdminComments are off for this post
A troubling trend has emerged in the retirement planning space: The “magic number” — or amount of money Americans believe they need to retire comfortably — has surged to an all-time high, even as actual retirement savings have declined. This growing disparity or “magic number gap,” highlights a significant and escalating challenge for both participants  Read More →

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