RetireReady Solutions Blog

Welcome to the TRAK Retirement Planning Blog.

Five Congressional Retirement Bill Highlights

September 05, 2018 by Edward Dressel -

While it seems that there is little that Republicans and Democrats see eye to eye on, one area of bi-partisan agreement centers on retirement reform. Many Americans are in dire financial straits and a potential retirement crisis looms in the future with longer lifespans, little saved for retirement and potential Social Security benefit...

Changing Trends in 401(k) Litigation

May 14, 2018 by Edward Dressel -

We read about lawsuits brought against plan sponsors with increasing regularity. As one reads the stories trends begin to emerge regarding the causes of these lawsuits. This month, the Center for Retirement Research at Boston College released a study documenting the causes and consequences of 401(k) lawsuits. With over 100 new 401(k) related...

Do Retirement Decumulation Assumptions Match the Data?

May 08, 2018 by Edward Dressel -

The key purpose retirement planning and savings is to ensure a source of retirement income adequate to meet the needs of the individual throughout their lifetime. There are many studies looking at the accumulation period such as how much the average person saves, average account balances and retirement plan participation rates.  There are fewer...

Connecting Your Clients to the Data

August 28, 2017 by Edward Dressel -

In previous posts (including here and here) we have talked about motivating clients through engagement and education. One hurdle many advisors face, even in an engaging educational process, is connect their clients to the data. This often occurs in two ways:

Pension Reform: Employees Are Seeing Changes

March 27, 2017 by Edward Dressel -

The effects of the 2008 financial crisis on the average American’s savings—and the emotional impact of those effects—have contributed to the push for financial reform. The effects of the crisis on retirement savings for those in defined contribution plans have been well documented, but the effects on defined benefits plans have been less...

U.S. Census Research Reveals Horrible 401(k) Statistics

March 16, 2017 by Edward Dressel -

There have been a number of surveys and reports lamenting the atrocious state of retirement readiness of the average American worker. Unfortunately, the situation is much worse than we all thought. As reported by Bloomberg, recent research by the U.S. Census Bureau revealed that only one-third of workers contribute to a 401(k) or other employer...

How will Trump's Tax Plan Affect your Clients?

January 18, 2017 by Edward Dressel -

As we sit on the eve of Donald Trump’s presidential inauguration, there are many questions about the direction President Trump will take on different issues and policies. Many of these questions are coming from the financial services industry and while much of the talk has centered on the fate of the DOL fiduciary rule, other proposed changes...

   

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