PHD. Retirement Consulting

10/19/2023

Employers, are you planning to offer this incredible benefit to your employees?

Student loan payments have resumed for more than 40 million borrowers after a three-and-a-half-year payment pause thanks to the COVID-19 pandemic. A recent Corebridge Financial survey indicated that...

10/18/2023

Auto-enrollment is a game-changer for plan participation. Do you have this feature built into your 401(k) plan?

Automatic enrollment and automatic annual increases have driven participation rates in 401(k) plans held by Vanguard to an all-time high with record plan participation of 83% in 2022, according to a new report.

10/16/2023

Roth 401(k)s are powerful retirement savings tools. Contact your company's HR department today to see if this awesome benefit is available to you!

Many people favor a Roth IRA, but a Roth 401(k) has some unique advantages that could benefit you.

10/13/2023

"87% of investors with a formal written retirement plan and 70% of investors with an informal retirement plan report feeling confident in their ability to live the retirement lifestyle they want. However, LIMRA finds that just 1 in 5 retirees and non-retired workers have developed a formal written retirement plan."

Here is your homework for the weekend: Write down your financial goals. Then call your plan advisor on Monday to set a meeting to discuss the best way to meet those goals!

New research suggests that one of the best actionable steps a person can take toward a secure retirement is creating a formal written financial plan.

10/05/2023

Spoiler Alert: It's not all about the market!

Does your 401(k) need to pick up the pace? Here's why your savings may be lagging behind.

10/02/2023

We are big fans of Dave Ramsey here at PHD. Retirement Consulting. Here is his take on getting started with your company's 401(k).

If your employer is offering a 401(k) plan with a company match, chances are you'll be enrolling in this benefit as soon as you're eligible. Maxing out contributions to a 401(k) plan is a great way to...

09/27/2023

https://www.linkedin.com/feed/update/urn:li:activity:7112802860039360512

09/26/2023

Check this out!

With 2024 quickly approaching, it’s a good time to check in on the status of retirement reform efforts and progress in Washington D.C.—particularly as the industry prepares for a variety of SECURE 2.0 provisions scheduled to kick in come January.

09/22/2023

"New research from Empower finds working retirees are choosing to get back into the job market, either because they value personal fulfillment (41%) or want a sense of purpose (37%)."

This might be a reach, but we believe that with financial freedom in retirement comes opportunities to find fulfillment and purpose outside of the workplace. We believe it so much our founder wrote a book about it! Check out "Repurposement" today!

More Baby Boomer and Generation X workers are open to working post-retirement—but the reasons aren’t purely financial, finds Empower.

09/08/2023

Looking for something to read or listen to this weekend? If you're a business owner, HR Professional, or even an employee that cares about their financial future, check out "401(k) Architecture"! Now available on Amazon and Audible.

08/25/2023

Did you know that we offer financial wellness coaching? As interest and emphasis on retirement readiness continues to grow, consider how this valuable service could translate into attractive hiring and increase retention. Reach out to us today to learn more!

New study from Transamerica and MIT AgeLab compare how different age groups are planning for longevity, and how professionals can help.

08/23/2023

Are you a 401(k) millionaire? Fidelity offers some great advice on how to get there.

Fidelity Investments has published an analysis of more than 45 million retirement accounts.