withdrawal

Retirees’ Retirement Asset Withdrawal Rate: Will Your Money Last?
Team SummitEmployee Financial Resource Center, Employee Outcomes, Employer Resource Center, Financial Planning, Retirement PlanningComments are off for this post
For many years the investment advisory community has proposed that if retirees withdrew their retirement assets at the rate of 4% annually there is a high probability that assets would last to normal life expectancy. The 4% “rule” is not a one-size-fits-all solution, and there are several variables to consider, but it could at least  Read More →
The CARES Act: Summary of Key Provisions for Individuals
Team SummitBudgeting & Debt, Employee Financial Resource Center, Employee Outcomes, Employer Resource Center, Financial Planning, Retirement PlanningComments are off for this post
On March 27th, Congress passed and the President signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, marking the largest economic stimulus package the U.S. has seen to date. In addition to the $2 trillion allocated toward immediate healthcare needs and emergency lending to businesses, states, and municipalities, various provisions were passed  Read More →
Beyond the Plan: Providing Retirement Income Options for Employees
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Defined contribution plans have become the most popular employer-sponsored plans in the United States, with the Department of Labor reporting more than 88 million participants in one of these plans nationwide. However, unlike the previous retirement status quo, the defined-benefit retirement plan, defined-contribution plans don’t provide participants with a steady retirement income; they help workers  Read More →

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