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Category: Retirement

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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Your Year-End Retirement Planning Checklist

Your Year-End Retirement Planning Checklist

As the holidays approach, we tend to get wrapped up in making plans with our family and friends but the holiday season also means the end of the year, a good time to check if your retirement planning goals are on track. The last day of the calendar year is the contribution/distribution deadline for many retirement accounts, so planning in advance could help you avoid higher taxes with last minute deposits or withdrawals. Here are a few moves to help…

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