Inflation fears cause pre-retiree retirement delay
Inflation fears cause pre-retiree retirement delay According to a new study from Nationwide (8th annual Advisor Authority survey), inflation is cited as a primary reason for postponing retirement. The study found: 60% of pre-retirees are postponing retirement...
Employees are delaying retirement an average of 3 years
Employees are delaying retirement an average of 3 years Inflation and Recession Fears Force Delayed Retirement According to new data from Franklin Templeton Investments (2023 Voice of the American Worker Survey), inflation, market volatility, and...
75% of participants want financial planning guidance
75% of participants want financial planning guidance Retirement Participants Want Help with Financial Planning Market volatility, the rising cost of living, fears of not having saved enough for retirement, and concern about Social Security are among the...
Only 16% of Americans think they will be able to retire
Only 16% of Americans think they will be able to retire FinanceBuzz, a Delray Beach, Florida-based personal finance firm, looked into how people are planning for retirement in the face of high inflation, a possible recession, and the high cost of living. The...
Inflation Remains the Greatest Threat to Retirement
Inflation Remains the Greatest Threat to Retirement Voya Financial released new findings capturing the angst of future-thinking Americans who are concerned about being able to save enough for retirement. The study also found: 66% of Americans agree or strongly...
Workplace Financial Wellness Programs Increase Employee Retention
Workplace Financial Wellness Programs Increase Employee Retention John Hancock’s newest 2022 annual report, “Retirement Stress, Finances, and Well-Being,” found that financial wellness programs can encourage employees to stay with an employer. The opportunity...
COVID-19 has Boosted Desire for Retirement Planning and Financial Help
COVID-19 has Boosted Desire for Retirement Planning and Financial Help Participants are hungry for financial guidance and would welcome assistance through their employers with figuring out how to catch up to their retirement savings goals and managing their...
401(k) Contributions are Leaking from Participant Accounts at an Alarming Rate
401(k) Contributions are Leaking from Participant Accounts at an Alarming Rate A recent report by the Congressional Joint Committee on Taxation found that 22% of contributions into 401(k) and other workplace retirement savings plans were withdrawn early. The...
Participants Have Staggering Misconceptions about Savings, Rollovers, and Debt
Participants Have Staggering Misconceptions about Savings, Rollovers, and Debt A recent survey from Lincoln Financial Group found that participants saving for retirement are confused about several key areas, including how much to save, rolling over money from...
New Year, A Whole New Look (Plus Some Dates You Need to Know)
SRC Launches New Website We're excited to announce that the new Stones River Consulting website is live! We hope that you'll find the new version of the site to be more user-friendly and informative and less... well, less like most other financial firm websites. We...
Auto-Enroll and Auto-Increase Plans
The Future of Retirement Planning? We have a retirement crisis in this country. Today, too few people have retirement plans, and those who do save for retirement are not saving enough. It is not uncommon for people to live will into their 80s or even 90s and it's...
Participant Education: The Missing Piece of the Puzzle
You've heard me say it before and you'll definitely hear me say it again. There's a retirement crisis in this country. Not enough people have access to 401k plans. Of those that do have access not enough are actually participating in the plan. And, those that are...
Domo Arigato, Mr. Roboto: The Rise of the Robo-Advisor
There's a shiny new toy on the wealth management shelf, and I, for one, am not all that impressed. You may have heard the buzz about robo-advisors from investment sites like Betterment, Wealthfront and even big firms like Vanguard and Charles Schwab. These online...
Calling It Quits: How to Properly Terminate A 401(k) Plan
There are a variety of reasons why you may need to terminate a 401k retirement plan. Maybe the business has run its course and it's time to shutter the doors. Maybe the company is small and just can't afford the matching contributions any longer. Maybe the company was...
Is Your Plan Protected?
A Basic Overview of Fidelity Bonds A vital part of plan administration is making sure that you meet the requirements of the ERISA (Employee Retirement Income Security Act). At its core, an ERISA bond's purpose is to protect the assets of your retirement plan...
New Tool For Advisors
SRC Now Offering Access to the 401(k) Sales Champion Workshop I honestly strive to be a resource for financial professionals, and I'm constantly searching for tools to make their busy lives easier. For many, learning and growing their client list are top priorities. I...
The Updates Are In…
IRS Announces 2018 Contribution Limits... Every year in or around October, Uncle Sam releases cost of living adjustments for retirement account contributions. This year because of the talk about the new tax bill, there was some concern in the financial community about...
Don’t Leave A Mess For 2017
5 Steps to Year-End Retirement Plan Housekeeping Ready or not here it comes. YEAR END. I know, I know. Your list is long and your time is short. But, it's time for your retirement planning yearend check up. There are a few things all plan sponsors should think about...
Stones River Consulting Is Turning 4!
By now you should know that I love to fill your inbox with numbers and stats, so here's one I'm excited to say SRC is going to beat... According to the Small Business Administration, 50% of businesses fail in the first five years. I am humbled and honored by the trust...
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