2020 is finally coming to a close, but it’s time to start thinking about the year ahead. For employers and businesses, this means thinking about the future of their company and their employees. This year was anything but ordinary, but when you add an election into the mix, what does this mean for plan sponsors? Here are four things every plan sponsor should be thinking about for 2021.
Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you intend to take, here are nine things about retirement that might surprise you.
Throughout the first half of 2020, citizens around the globe have been feeling the detrimental physical and financial impacts of the COVID-19 pandemic. As of April 21, 2020, deaths in America climbed above 39,000. Throughout March and April, families across the country have continued to practice social distancing and follow strict stay-at-home orders.1
In July of 2019, the House passed a new bill titled the “Setting Every Community Up for Retirement Enhancement Act,” or SECURE Act.1 The Senate approved the bill on December 19, 2019, and it was signed into law on December 20 by President Donald Trump. This sweeping bill offers several adjustments to our current laws surrounding saving and preparing for retirement.
This month’s piece is the first of a two-part look at risk. Not just “portfolio risk” in the traditional financial sense but risk more generally, though we will address how investors should think about risk.
Last month we began a discussion about risk. Most of what we discussed was basic, which isn’t to say unimportant, and certainly uncontroversial. This month we take a deeper dive into “risk” and the conclusions might be more “unsettling”. Let’s think about risk in the big picture.