Retirement Readiness Study

Businesswire.com has an article, “Workers Ready for Early Retirement Come From Ordinary Means”, by Sara Thurin Rollin regarding retirement readiness located at http://www.businesswire.com/news/home/20150601005178/en/#.VW0MqUsSMkM. The article cited an Allianz study that demonstrated that individuals who are planning to retire early have common traits such as being married and sharing a similar view of money. The article has a very interesting profile of this group that is worth reading in more detail.

Thanks for reading and have a wonderful day! Please sign up for my blog and follow me on twitter @ChristineGurney. Please follow me on Pinterest at http://www.pinterest.com/chrisgurneyerpa/. Please like my Facebook author page at http://www.facebook.com/ChristineGurneyHsiung. If you have not already done so, please check out purchasing my book on amazon at amazon.com and directly from the publisher at https://www.createspace.com/3964647.

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June 2, 2015 at 12:38 pm Leave a comment

401(k) Plan Match Study

CNBC.com has an article, “Employees Missing Out on $24B in Employer Matches”, by Jennifer Barrett regarding 401(k) retirement plan matches located at http://www.cnbc.com/id/102667848.  The article indicates that employee participation in 401(k) plans are up. However, it notes that a large number of employees are still missing out on 401(k) employer matches.  Many participants are not contributing enough to reach the match cap and are losing out on these funds.

Thanks for reading and have a wonderful day! Please sign up for my blog and follow me on twitter @ChristineGurney. Please follow me on Pinterest at http://www.pinterest.com/chrisgurneyerpa/. Please like my Facebook author page at http://www.facebook.com/ChristineGurneyHsiung. If you have not already done so, please check out purchasing my book on amazon at amazon.com and directly from the publisher at https://www.createspace.com/3964647.

May 26, 2015 at 12:35 pm Leave a comment

The Company You Keep


The most important duty of a plan sponsor, in my opinion, is selecting and monitoring service providers. Often times, the plan sponsor will seek a new provider through the advice of a professional they currently work with or look at another division of a business they are currently working with. The decision needs to put strong emphasis on the potential provider’s competence over price or familiarity alone. I have been surprised how often good professionals surround themselves with individuals that are unethical or lacking the necessary experience, education, or credentials to get the job done. It would behoove many professionals to consider the overall impact of the company they keep, but the ramifications of the decision lies with plan sponsor. The cost of a bad provider is far more than the dollars paid to them and the inconvenience of fixing their errors.

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Thanks for reading and have a wonderful day! Please sign up for my blog and follow me on twitter @ChristineGurney. Please follow me on Pinterest at http://www.pinterest.com/chrisgurneyerpa/. Please like my Facebook author page at http://www.facebook.com/ChristineGurneyHsiung. If you have not already done so, please check out purchasing my book on amazon at amazon.com and directly from the publisher at https://www.createspace.com/3964647.

February 3, 2015 at 12:24 pm Leave a comment

Employer Resource Offerings for Participants

Aon put out an interesting study, “Aon Hewitt Survey Shows Employers are Offering More Tools and Resources to Improve Financial Outcomes for Workers”, by Aon located at http://ir.aon.com/about-aon/investor-relations/investor-news/news-release-details/2015/Aon-Hewitt-Survey-Shows-Employers-are-Offering-More-Tools-and-Resources-to-Improve-Financial-Outcomes-for-Workers/default.aspx. The Aon article discusses some interesting tidbits such as employers are offering more phone and online investment help.

Thanks for reading and have a wonderful day! Please sign up for my blog and follow me on twitter @ChristineGurney. Please follow me on Pinterest at http://www.pinterest.com/chrisgurneyerpa/. Please like my Facebook author page at http://www.facebook.com/ChristineGurneyHsiung. If you have not already done so, please check out purchasing my book on amazon at amazon.com and directly from the publisher at https://www.createspace.com/3964647.

January 20, 2015 at 12:24 pm Leave a comment

Finding Retirement Plan Service Providers

In the latest issue of Benefits Quarterly, an article, ” A Right Way to Find the Retirement Plan Provider” by Todd Timmerman was published where the author sketches out the basic steps of searching for a provider. In addition, he made interesting notes about checking for superior client retention rates and participant satisfaction data (Timmerman, Todd (2014). A Right Way to Find the Retirement Plan Provider. Benefits Quarterly Magazine, 30 (4), 34-37.). Although some providers may not calculate these figures, they are certainly good measures of quality. I was most surprised that the author neglected to discuss qualifications, and the plan sponsor’s duty to contract with competent providers. In addition, I always feel it is critical to ensure you are dealing with ethical providers. That said, I think it was an excellent starting place.

Thanks for reading and have a wonderful day! Please sign up for my blog and follow me on twitter @ChristineGurney. Please follow me on Pinterest at http://www.pinterest.com/chrisgurneyerpa/. Please like my Facebook author page at http://www.facebook.com/ChristineGurneyHsiung. If you have not already done so, please check out purchasing my book at https://www.createspace.com/3964647.

January 13, 2015 at 12:24 pm Leave a comment

IL Secure Choice Savings Program for Retirement

The Chicago Sun-Times ran an article, “Gov. Quinn Signs Retirement Savings Bill” by Jon Seidel, located at http://chicago.suntimes.com/politics/7/71/260522/quinn-signs-retirement-savings-bill/. The article discusses the bill that creates the Illinois Secure Choice Savings Program as a way of establishing additional retirement savings. The plan is aimed at employers that do not have retirement plans. Employees may, and are not required, to opt to contribute 3% of income per payroll deduction. There are not a lot of specifics in the article regarding how it would operate, but it is an interesting attempt at providing additional retirement funding.

Thanks for reading and have a wonderful day! Please sign up for my blog and follow me on twitter @ChristineGurney. Please follow me on Pinterest at http://www.pinterest.com/chrisgurneyerpa/. Please like my Facebook author page at http://www.facebook.com/ChristineGurneyHsiung. If you have not already done so, please check out purchasing my book at https://www.createspace.com/3964647.

January 6, 2015 at 12:24 pm Leave a comment

Happy New Year 2015!

Screen Shot 2014-12-29 at 6.12.25 PMHappy New Year! I hope you have a great new year with wonderful opportunities and much joy!

Once again, lots of individuals will be looking to make new year’s resolutions. I would love to see our industry choose this time to make a new year’s resolution to behave ethically. Like many industries, people do not always do the right thing. They may put on the window dressing, like having an unenforced ethics policy, or boast that they will not get caught. Usually, the customer is the one who is hurt by these behaviors. This is the time to stand up and say I can do good and do right by everyone – peers, customers, etc.

Thanks for reading and have a wonderful day! Please sign up for my blog and follow me on twitter @ChristineGurney. Please follow me on Pinterest at http://www.pinterest.com/chrisgurneyerpa/. Please like my Facebook author page at http://www.facebook.com/ChristineGurneyHsiung. If you have not already done so, please check out purchasing my book at https://www.createspace.com/3964647.

December 30, 2014 at 12:24 pm Leave a comment

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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