Archive for April, 2013

Social Security Views

The April 2013 edition of Benefits magazine has a feature “Quick Look Social Security” on page 13 which cites some interesting poll results from the National Academy of Social Insurance about Social Security.  Particularly noteworthy is that 69% of citizens surveyed, who are not in pay status, indicated that they believe they will receive all of the social security benefits they are entitled to when eligible.  In addition, 57% of all the individuals surveyed are confident in the overall future of the program.  Does such strong confidence affect current savings for private retirement?

I also wanted to note that the results also showed strongly “favorable” views of the system whether broken down by generation, family income or party affiliation (the lowest at 59%).   Without these divisions, 72% of those surveyed felt the program was “favorable”.  I wish the survey had addressed how this affects saving and expected retirement spending for the group.

Thanks for reading and have a wonderful day!   Please sign up for my blog and follow me on twitter @ChristineGurney.  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 http://www.amazon.com/Short-Guide-Finding-Value-Administrator/dp/147912821X/ref=sr_1_1?ie=UTF8&qid=1354850566&sr=8-1&keywords=christine+gurney+hsiung or from the publisher at https://www.createspace.com/3964647.

April 18, 2013 at 6:35 pm Leave a comment

Saver’s Credit Reminder for April 15th

As the filing deadline for individual tax returns approaches, it is a good time to remind your plan participants of the advantages of saving through your 401(k) plan. Many plan sponsors like to remind plan participants of the Saver’s Credit in order to encourage participation. The IRS has a great recap of the eligibility for the Saver’s Tax Credit on their website at http://www.irs.gov/Retirement-Plans/Savers-Credit-Contribute-to-Your-IRA-by-April-15-to-Reduce-Your-Tax-Bill.

For help in selecting a third party administrator (TPA) for your retirement plan, please check out my book, A Short Guide to Finding a High Value, Low Fee Third Party Administrator (TPA) for Your 401(k) or Other Retirement Plan by Christine Gurney-Hsiung.

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

April 3, 2013 at 5:27 pm Leave a comment


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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