7 Basic Questions Concerning 401(k) Investment Policy Statements

A 401(k) Investment Policy Statement (IPS) can provide a vital map to the continuing success of a company sponsored 401(k) plan. It frames how the plan undertakes its due diligence on behalf of plan participants. It guides the plan sponsor both in its fiduciary duty and in its monitoring of third-party providers. Yet, for all its importance, the average person doesn’t know anything about it. Here are seven basic questions [...]

December 10th, 2019|

Pulling the pin: Planning for a long and happy retirement

Several years ago, PoliceOne reported on the retirement of an 84-year-old lieutenant who had served 61 years with the Montgomery County Police Department. This was an extreme case to be sure, but there are many officers who overstay their time in the ranks for a variety of reasons—they may fear losing their entire identity, they may have not planned for the financial realities of retirement, or they may just not realize that [...]

December 9th, 2019|

Pulling the pin: Planning for a long and happy retirement

Several years ago, PoliceOne reported on the retirement of an 84-year-old lieutenant who had served 61 years with the Montgomery County Police Department. This was an extreme case to be sure, but there are many officers who overstay their time in the ranks for a variety of reasons—they may fear losing their entire identity, they may have not planned for the financial realities of retirement, or they may just not realize that [...]

December 5th, 2019|

3 Things You Can Do Right Now to Make Retirement Easier

Retirement can either be a time of freedom, fun, and new experiences, or it can be a time of stress, tightening the belt, and a gradual loss of financial independence. Everyone would prefer the former over the latter, but you don't get there by accident. It takes careful planning and responsible money management over decades. Don't adopt a "wait and see" attitude when it comes to the quality of your [...]

December 4th, 2019|

Supporting your adult children can ruin your retirement plans

Children are a tremendous responsibility, financially taxing and incredibly rewarding. And there inevitably comes a point where, as a parent, you need to cut the purse strings, confident you have raised an independent adult who can sustain themselves financially. I recently had a meeting with husband and wife clients who have two daughters in their late 30s. One daughter, whom I will call “Jane,” is single and lives in another [...]

December 3rd, 2019|