29 12, 2014

4 Retirement Actions To Be Implemented In 2015

2014-12-29T22:31:19-07:00December 29th, 2014|Categories: Retirement|Tags: , , |

The year 2014 closes with a number of federal-level retirement-income actions in the bag. Following are four that may hold particular interest for advisors as implementation gets under way next year. The myRA Retirement Account. Debuted by President Barack Obama in January 2014, this is a starter retirement savings programfor low to mid-income workers. It allows employees to save up to a maximum of copy5,000 over 30 years by investing after-tax dollars in Treasury securities via payroll deduction at participating employers. Now in its [...]

10 02, 2014

Savers begin to push retirement funds in a new direction

2014-02-10T22:08:28-07:00February 10th, 2014|Categories: Retirement|Tags: , , , , |

Most modern pension schemes in the UK are not, according to the strict definition of the term, pension schemes at all. Companies typically run defined-contribution pension plans for their staff, which, unlike their elder final-salary or defined-benefit cousins, do not actually pay out any pensions. Instead, workers contribute to an investment fund throughout their career and, upon retirement, this pays out a pot of savings. The workplace pension plan then waves goodbye to the individual, who takes his pot [...]