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The Disconnect: Few Prepare for Retiree Health Needs/Expenses

02/15/2018
By Jack Towarnicky

Top Retiree Priority?  Good Health.  Largest Retiree Expense?  Health Costs.  Yet, only a handful of plan sponsors offer access to retiree medical coverage and funding options. 

According to the 2017 Merrill Lynch study titled, Finances in Retirement: New Challenges, New Solutions, today’s retirees tell us that the number one ingredient for a happy retirement is health. Read More >>


Leaving Match on the Table? Part 2 of 2: Innovations to Make Up for Missed Opportunities.

02/13/2018
By Jack Towarnicky

Our just-released 60th annual PSCA survey confirms a steady increase in employer contributions over the past 10 years.  Employer contributions averaged 3.8% of payroll in 2007.  During the Great Recession, it dipped in 2008, 2009 and 2010 before increasing in 2011. Read More >>


Hardship Withdrawals – An Attractive Nuisance Becomes More Attractive

02/09/2018
By Jack Towarnicky

“Attractive Nuisance” – In the law of Torts, the attractive nuisance doctrine holds a landowner liable if the injury is caused by a hazardous condition that is likely to attract trespassing children or others who are unable to appreciate the risk involved. Read More >>


Houses and Cars and Savings, Oh My!

02/08/2018
By Jack Towarnicky

(Is there something wrong with workers who save up and borrow to make a major purchase?)

Throughout the past few weeks, several articles highlighted workers’ retirement saving behavior and debt. For example: 

  1. John Manganaro, PlanSponsor.com, “Pressing Financial Needs Derail Successful Savers,” January 16, 2018. Read More >>

Leaving Match On The Table: Part 1 of 2 - Connecting the Dots.

02/06/2018
By Jack Towarnicky

Yesterday morning, I ran into three dots.  Here’s how they connect (at least in my mind):

  • A full page E*trade ad in the Wall Street Journal, page B5 on February 5, shows a burrito, wrapped in foil, with a bite taken out of it. Read More >>

Another Nobel Laureate in Economics Who Is Focused on 401(k) Plans - Part 3 of 3

01/30/2018
By Jack Towarnicky

In October, we focused on Richard Thaler, the 2017 Nobel Laureate in Economic Science.   In December, we highlighted Franco Modigliani, the 1985 Nobel Laureate.  Today, we extend our thanks and admiration to Robert Merton, the 1997 winner for his work on difficult to price investments (derivatives, options, corporations, etc.). Read More >>


HSA “Chicken” or 401(k) “Nest Egg” – Which Comes First?

01/19/2018
By Jack Towarnicky

On January 4, 2018, Morningstar’s W. Scott Simon, posted an article titled “When an HSA-First Strategy Makes Sense:  Why the standard advice about the sequence of contributions to a 401(k) plan and health savings account is flawed--and must-know advantages of HSAs. Read More >>


Leveraging the Roth IRA for a (Grand)Child Born Today

12/07/2017
By Jack Towarnicky

Your Newborn Child As A Middle Class Millionaire … Someday.  Part 2 of 2.

Chris Carosa (DC Insights, Fall 2017) generously shared his thoughts on his book – From Cradle to Retirement – The Child IRA – How to start a newborn on the road to comfortable retirement while still in a cozy cradle. Read More >>


Another Nobel Laureate in Economics Who Was Focused on 401(k) Plans - Part 2 of 3

12/05/2017
By Jack Towarnicky

In October, our blog focused on Richard Thaler, the 2017 Nobel prize winner in Economics and recounted how his insights into the world of behavioral economics impacted 401(k) plans and the retirement savings industry (https://www.psca.org/blog_jack_2017_10 ). But, did you know there were two other Nobel prize winners in Economics whose work has also focused on 401(k) plans and saving for retirement? First up, Franco Modigliani, the 1985 winner of the Alfred Nobel Memorial Prize in Economic Sciences for his pioneering analyses of saving, and specifically his life-cycle hypothesis of household saving. Read More >>


From Cradle to Retirement, Diapers to Depends - Re-defining “Long Term” Investing. Part 1 of 2

11/30/2017
By Jack Towarnicky

Chris Carosa (DC Insights, Fall 2017) generously shared his thoughts on his book – From Cradle to Retirement – The Child IRA – How to start a newborn on the road to comfortable retirement while still in a cozy cradle.   

There are a myriad of definitions of what constitutes a long term investment that can be anything from 1 year to more than 10 years:

  • Investopedia: “A long-term investment is an account on the asset side of a company's balance sheet that represents the company's investments, including stocks, bonds, real estate and cash, that it intends to hold for more than a year. Read More >>

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