Archive of: Retirement

Title Issue

Deadline for small businesses to start 401(k) approaching

Small business owners looking for major tax relief in 2011 have about four weeks to get set-up with a 401(k) plan, according to ShareBuilder 401k.
The most popular type of this retirement savings plan for small business owners with employees is called a Safe Harbor 401(k).  The Safe Harbor deadline represents the last chance each calendar year for small businesses to start a 401(k) plan that lets owners contribute the maximum allowed and automatically satisfies common IRS tests associated with these plans.

August 2011

Corporate pensions experience largest funded status decline of the year

The nation's 100 largest defined benefit pension plans recorded a $6 billion loss and a $62 billion increase in liabilities during July, according to the latest Milliman Inc. Pension Funding Index. The resulting $68 billion increase in the pension funded status deficit is the largest decline so far in 2011.

"July was a brutal month for these pensions," said John Ehrhardt, co-author of the Milliman Pension Funding Study. "In fact it was the 10th worst month for pension status we've seen in the 11-year history of this study. Unfortunately it looks like we may be in for more bad news, with August off to a miserable start. Through Aug. 8, we estimate that the funded status deficit has grown by an additional $97 billion. The $351 billion deficit as of today is the worst we've seen all year, though -- for now -- it is still better than the record $446 billion deficit in August 2010."

August 2011

Blog watch: Leadership, pessimists, losers, derelicts and life expectancy

Interesting post on OlyBlog: "Blind allegiance is not leadership."

Stop by Exit 133 for a citizen review of "The Trip."

August 2011

Corporate pension funded status improves despite investment loss

The nation's 100 largest defined benefit pension plans experienced a $10 billion investment loss during June, but still saw overall improvement in funded status because of a $35 billion liability reduction, according to Milliman Inc.'s latest Pension Funding Index.

"Normally when assets decline we're in for a fall in pension funded status, but not this month," said John Ehrhardt, co-author of the Milliman Pension Funding Study. "In fact it's a rare combination: a funded status improvement driven by liabilities and in spite of a decline in assets. In the 11 years we have tracked this data, we have only seen this combination in a total of 10 months."

July 2011

Blog watch: Trade, forecasts, sales, whisky and green energy

Check The Live Wire for details about a "Breakthrough on Korea Trade Agreement."

OlyBlog has an update on "South Sound Salmon Forecast and Squaxin Annual Fishing Regulations."

June 2011

People on the Move

Rebecca Means has joined Capital Medical Center as director of women's services. She has more than 30 years of nursing and management experience and previously worked at Swedish Medical Center in Seattle. Means received bachelor's degree in nursing from Pacific Lutheran University and a master's degree in business administration from Western Governors University in Utah.  She is certified in inpatient obstetrics and is a member of the Association of Women's Health, Obstetric and Neonatal Nurses, the American Organization of Nurse Executives and the Institute for Healthcare Improvement.  

Barbara Greatwood has been named manager of First Allied Securities in Centralia. She has worked for the company for 14 years and is a Certified Financial Planner and Certified Wealth Strategist.

June 2011

Blog watch: Growing, spending, repairing and too cute

Learn about "Four Ways to Grow Your Business" on The Live Wire.

OlyBlog says you can "spend your summer in a writer's paradise."

June 2011

Women lacking in financial knowledge and confidence

Women are still significantly behind men in their knowledge and confidence in virtually all areas of finance, despite the fact that the gap has narrowed since 2010, according to Financial Finesse's second  special report for 2011, which tracks the gender gap in employees' financial literacy.

The smallest gap was in retirement preparedness, although both women and men claimed to be woefully unprepared. Only 12 percent of women and 19 percent of men are confident they will be able to replace 80 percent of their income in retirement.

June 2011

Financial advisers, clients not on same page

Investors and financial advisers are initiating conversations on distinctly different topics, according to Russell Investments' latest Financial Professional Outlook.

When asked about the most common topics of conversation during the past six months, advisers indicated that their clients most frequently initiated conversations about concerns with government policy (58 percent), market volatility (51 percent) and global events (41 percent). Advisers themselves initiated conversations about portfolio performance (42 percent), keeping up with inflation (35 percent), estate planning (35 percent) and tax implications of investing (32 percent).

June 2011

Corporate pension funding status declines for second straight month

The nation's 100 largest defined benefit pension plans experienced flat asset performance and a $26 billion liability increase due to a drop in interest rates during May.

According to Milliman Inc.'s Pension Funding Index, the funded status deficit has increased to $210 billion.

June 2011
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