Investing Basics

• Do It - Don't delay contributing to your company's retirement and consider ways to increase your savings rate. Every year you are working, you should be saving for retirement. You will be better off later if you save now.
• Diversify - Utilize asset allocation models and divide your money among several appropriate asset classes. Check your account annually and re-balance your portfolio. Consolidate retirement accounts so it is less complex for you to track your asset allocation.
• Leave It Alone - Have an emergency account outside of your retirement plan and manage your credit wisely so you don't have to raid your retirement account early. Keep your retirement funds growing for your retirement.

Benefit Updates

• Consolidate your retirement accounts - new laws allow you to consolidate old 401(k), 403(b) and IRAs into your current retirement account. Not sure if you can roll-over from your old plan? For updated details on permissible roll-overs between different plans check this link: New Rollover Rules
• IRA and Roth Limits (article on Quicken's website)
• Comparison of 403(b) and 401(k) for non-profit organizations
• Liability Insurance Requirements for Qualified Plans
• Current IRS Limits
• Glossaryof Qualified Plan Terms
• Explanation of basic feature options for Qualified Plans
• Deposit Requirements for Qualified Plans

Rollovers

Get help consolidating your retirement assets into one plan! Our professionals have worked with hundreds of different tax-qualified plans and investment vendors and can walk you through the process step-by-step

Recent legislation has made it possible to combing all your old 401k, 403b, and IRA accounts into your employers plan:

1. Easier to track your asset allocation

2. Easier t plan for retirement

3. Simplifies your life and cuts clutter

Need More Motivation?

Go to www.ssa.gov to find your Social Security retirement income!

When Will You Retire?

Personally, I don't mind working IF I am enjoying the work, I just don't want to be in a position that I HAVE to work! Social Security is already increasing the age people can retire and receive full benefits. According to an AARP survey of 50 to 70 years olds, almost 70% of workers who have not yet retired plan to keep working past the age of 65 and close to half believe they will work into their 70s and possibly their 80s. Respondents indicate they want to work to keep mentally and physically active, remain productive, and they need the money and the health insurance. The Bureau of Labor Statistics predicts elder Americans will continue to be a growing portion of the workforce. By 2010, 17% or workers will be over age 55, increasing to 19% by 2050. The workforce will grow progressively older as more people work past the traditional retirement age. This aging of the workforce will have a negative impact on the cost of health, life, and disability insurance premiums.

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Last updated: 01/01/2006
Page owner: Jennifer McWethy

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