Are 401(k) Fees Preventing Your Retirement?
The Atlantic published an article over the weekend on 401(k) fees that really resonated with me. With employer retirement plans being one of the largest sources of savings, it is disheartening to continually see high fee 401(k) plans. Below is the article. Let us know if your 401(k) fees are eating into your […]
Geoff Wells featured in Market Watch article!
Market Watch recently released an article focusing on the confusion and stress felt by 401(k) savers. Investors feel the 401(k) options offered are too confusing and they don’t know what to do! Rockbridge financial planner, Geoff Wells, shared his feelings on how investors can eliminate that stress. Read the full article here (Market Watch Article)
Gambling with Retirement? It’s Time You Take Control!
Over the years there has been a shift of burden in retirement savings from the employer to the employee. The era of company pension plans is fading, leaving Americans on their own to save for retirement; primarily through company-sponsored 401(k) plans. Frontline recently aired The Retirement Gamble, where it highlights some of the downfalls of […]
The Million Dollar Question: Pension Lump-Sum or an Annuity?
If you are fortunate enough to have a defined benefits pension plan at work, you may have a very important upcoming decision to make. The task of deciding between a lifetime monthly payment or a 7 figure one-time payment can be daunting, To compound the complexities, there are various different annuity options factoring in […]
Tony Farella in USA Today!
The USA Today published an article by our one and only Tony Farella. (Link) The full text version is shown below. Is it worth paying for 401(k) advice? Christine Dugas, Money Watch columnist5:13p.m. EST March 9, 2013 (Photo: Thinkstock) STORY HIGHLIGHTS Investment advisors usually have more knowledge and discipline 401(k) plan participants may not […]
The 401(k) Challenge!
Welcome to the 2013 Rockbridge 401(k) Challenge. This is the easiest competition you will ever face and will take less than 10 minutes to complete! The challenge is simple, increase your employee 401(k) contributions by 2% or more and see if you actually notice the difference in your day-to-day life. Our guess is that you […]
Diversify your 401(k)
If you currently work for a publicly traded company, there is a good chance that you own some of their stock in your 401(k). You may even have incentives from the company to own more of it. In fact, some companies make their matches or profit sharing contributions in their own stock which just increases […]
401(k) Fee Disclosure Coming Soon . . .
If you have a 401(k) account, your next statement may not look much different, but it will contain some very interesting and powerful information. During the last several years, increased focus has been given to the expenses and fees charged to retirement plan participants. The Department of Labor (DOL) recently published regulations under the Employee […]
Is our retirement system broken?
Professor Teresa Ghilarducci has an opinion piece in the NY Times this week lambasting our evolving approach to retirement. She has some good points. Our Ridiculous Approach to Retirement By TERESA GHILARDUCCI Published: July 21, 2012
Retirement Income Strategies
I was recently challenged by an investor couple attempting to determine the amount of annual spending they can make based on their portfolio. How, they asked, can we make a rational decision when we do not know the future return in investment markets, the future rate of inflation or their life expectancy? My general rule […]
