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Category: Retirement

Hitting the big 5-0? Retirement is right around the corner

Hitting the big 5-0? Retirement is right around the corner

You’ve made it to 50—Congratulations! That’s quite a milestone. As with any milestone, turning 50 is a good time to look back and reflect on the path your life has taken—both the good and the… not so good. But just as important, perhaps even more so than looking back, hitting the 50 mark is a great time to look forward to what lies ahead as you plan the next stages of your life, including your retirement. Perhaps you have been…

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Preparing for retirement

Preparing for retirement

Ensuring you are ready to retire financially takes planning well before the event. Christian Brothers Services partner Vanguard, an investment management company, offers a host of tips on preparing for retirement. How do you know if you are ready to retire? Vanguard suggests that as you decide when to retire, think about how much money you’re likely to spend each year. Then, check your savings to ensure you’ll be able to meet those expenses. On average, Vanguard reports that financial…

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Protect your Organization from 403(b) Litigation

Protect your Organization from 403(b) Litigation

Is your organization prepared for a lawsuit if you are sued for not monitoring your retirement plan? Many non-profit and church organizations thought they were immune from fee litigation on their defined contribution plan. The Schlichter law firm shattered this myth in August 2016 when it filed 12 lawsuits against 403(b) plans, charging the fiduciary with negligence in monitoring the plan. What would happen if someone sued your organization? Could you defend your business practices? It can happen to you….

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