Decoding Retirement Planning in 2023: Insights from Latest Data and Trends
Planning for retirement has always been a crucial financial endeavor, and in 2023, it's taking on new level of complexities. The latest data and emerging trends in retirement planning offer valuable insights that shed light on the intricacies of preparing for life after work.
Is Your 401K at Risk? How the Latest Interest Rate Hikes Could Impact Your Portfolio
The Federal Reserve's recent interest rate hikes, coupled with Chairman Powell's latest comments indicating that this is not the end, sends a clear message that until the inflation target of 2% is achieved, the cost of borrowing money will continue to rise, putting increased pressure on liquidation.
Participant Education is King
401K plans are perhaps the most popular retirement savings options for employees & employers in the United States. So it is imperative for plan advisors and sponsors to educate plan participants to avoid litigation and ensure compliance with ERISA, DOL, and other statutory regulations.
In Troubled Times Get Back to 401(k) Basics
As inflation continues to soar more people are cutting back on their retirement savings. Moreover, many are even afraid to check their 401K and long-term saving plan balance amid the inflation and contracting growth.