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Tag: 401(k)

If in Debt, Should You Still Save?

If in Debt, Should You Still Save?

So, you may be in debt—should you still make investments for the future? Some believe debt should be paid off before considering to build up your assets; and others debate that investing for the future should be in the forefront. Is there a right answer?  It’s complicated. We checked on what our partner Vanguard and other financial experts had to report on the subject. Investing or paying off debt can be a concern at any age. But young workers, who…

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Sometimes, more is less

Sometimes, more is less

There is an economic principle called the economies of scale, which states the larger something becomes, such as a pension plan, the more efficiently it can be administered. This is the principle to which all of the Plans administered by Christian Brothers Services adhere. For example, in the Christian Brothers Employee Retirement Plan (CBERP) the cost of recordkeeping, actuarial, legal, plus other expenses for almost 30,000 participants is not 10 times greater compared to another defined plan of 3,000. The…

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Tips for Financial Resolutions

Tips for Financial Resolutions

Nearly one third of those that make New Year’s resolutions vow to tackle their finances—mainly saving more and spending less—two key factors that can help pad your retirement fund as well. And Money magazine says if you’re going to keep one resolution, boosting retirement savings is it. It also seems to be the consensus that automating those savings is the key to keeping your resolution. What you do not have, you do not miss. Set a savings goal for each…

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