📢 The Pennsylvania State Employees’ Retirement System has approved a $100 million commitment to Real Estate. Additionally, the Board approved a decrease in its Emerging Markets Equity target allocation by 3% in order to increase the US Equity target allocation. 👉 Read the full article here: https://hubs.ly/Q02DlvKG0
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We encourage everyone to use #National401kDay as a moment to evaluate and refocus on their retirement planning. According to our 2022 Black Investor Survey — conducted in partnership with Charles Schwab — 31% of Black Americans and 33% of White Americans reported a 401(k) plan as their first foray into investing. These statistics suggest that irrespective of race, too few investors value the convenience and potential wealth creation that a 401(k) plan can offer. In response to our findings, Ariel Co-CEO and President Mellody Hobson shared that financial services professionals “have a responsibility to educate these new investors about the value of long-term investing to build wealth and achieve financial security.” Read the report here: https://lnkd.in/er-7rPF2
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Helping corporations to retain loyal and engaged employees through financial wellness initiatives | Helping pre-retirees grow their savings, reduce taxes, and become their own bank through a personalized approach.
In this video, we discuss the intricacies of Maryland's new state-run workplace retirement and emergency savings program, Maryland Saves. Established in 2022, this program mandates businesses with employees in Maryland to either facilitate Maryland Saves or offer a qualifying retirement plan of their own. We cover compliance requirements, potential impacts on talent attraction and retention, and the administrative implications for organizations. 👉 Watch the video here: https://loom.ly/5hbUh_4
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Partner Insight: Could investing in areas like robotics and cyber-security make pensions cool? In this article Rita Butler-Jones, Head of DC at Legal & General (L&G), explores the potential of private market investments in DC pension strategies. She argues that this new avenue allows providers like L&G to invest retirement funds in areas that could directly address real-world concerns, potentially resonating more deeply with DC savers. Find out more here - https://incm.pub/46UGYCk
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While the earliest presidents were responsible for shaping U.S. democracy, it's the presidents of the last 100 years who have shaped the personal finances of many modern U.S. households. Here we discuss three U.S. presidents who had a role in shaping American retirement planning: https://hubs.la/Q02jvVKV0
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During a recent trip Down Under, Co-President Jim Zelter spoke with The Australian Financial Review about misconceptions of private and public market risk, and how private investment-grade credit may benefit super funds managing long-term retirement capital. Read about this and more in the latest Chanticleer column in AFR: https://lnkd.in/dySyi_X6
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This will be impacting many retirements in the future. More Americans are using their 401(k) retirement accounts as a source of emergency funds. In 2023, 3.6% of Vanguard plan participants took early withdrawals from their accounts for financial emergencies, up from 2.8% in 2022. Nearly 40% of participants who took so-called hardship distributions in 2023 did so to avoid foreclosure on their property. (Source: The Wall Street Journal)
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Are you ready for retirement? The 2024 Planning & Progress Study revealed that people who work with a financial advisor plan to retire earlier than those who don't. They’re also more confident about their financial future! Read more about the study and what John Roberts, Chief Field Officer at Northwestern Mutual, had to say in this Investment News article: https://lnkd.in/ePeWWyc2
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Public employees — most firefighters, police officers, and many teachers — can’t enroll in Social Security. For them, investments in state pensions are their only retirement savings. Political limits on their options could devastate their retirement security. Learn more at . #apsr #retiresecurely
Alliance for Prosperity & a Secure Retirement
prosperityretirementalliance.com
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The group of experts and investors working to keep #politics out of retirement #pension investments is getting stronger every day: Tennessee FOP has joined the Alliance for Prosperity and a Secure Retirement. https://buff.ly/3OdTpRG #apsr #pensionsnotpolitics #retiresecurely
Alliance for Prosperity & a Secure Retirement
prosperityretirementalliance.com
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A “Qualified Domestic Relations Order” (QDRO) serves as a legal decree in matters of domestic relations, which acknowledges or bestows upon an “alternate payee” the entitlement to part or all of the retirement plan benefits due to a plan participant. This order is comprehensive, detailing specific information and adhering to strict criteria to ensure the alternate payee’s rights are clearly defined and protected within the scope of a retirement plan. To Learn more, visit the link https://lnkd.in/gG-Vddy8 #QDRO #RetirementPlanning #LegalInsights
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