Posts Tagged ‘Defined Contribution Plans’
Target-Date funds expand their reach in 401(k) plans
Vanguard Group recently issued their 110 page “How America Saves 2017” report on the behavior of defined contribution plan participants in the plans that they record-keep. The trend toward professionally managed options – primarily target-date funds – continues with 53% of participants using such accounts in 2016 (46% were in a single target-date fund). This is…
Read MoreIs A Solo DB Plan Right For Me?
If you’re a one-person business or have substantial self-employment income outside of your “regular” job, a Solo Defined Benefit (“DB”) plan may be for you. We recently received a call from a professional with the situation of a surprise $250,000 income boost this year and another $100,000 the following year. His question was “how can…
Read MoreThe Secret to a Happy Retirement
Bobby Layne, the Hall of Fame quarterback for the Detroit Lions, once described the perfect plan for generating an income in retirement: “The secret to a happy life,” Layne mused, “is to run out of cash and air at the same time.” Unfortunately, most Americans can only aspire – or should we say “expire” —…
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