Employer sponsored retirement: Is it focused on Income in retirement or return on invested dollars?
As Harvard Business Review often does they are addressing the tough questions that most with an employee sponsored retirement plan feel they do not need to know. We don't want you caught by surprise before it is too late to position for the lifestyle you are looking to live in. "Once an add-on to traditional retirement planning, DC plans—epitomized by the ubiquitous 401(k)—have now become the main vehicles for private retirement saving.But although the move to defined-contribution plans arguably reduces the liabilities of business, it has, if anything, increased the likelihood of a major crisis down the line as the baby boomers retire. To begin with, putting relatively complex investment decisions in the hands of individuals with little or no financial expertise is problematic. Research demonstrates that decision making is..." CLICK HERE FOR ENTIRE ARTICLE