Are we headed toward recession?

Last week the yield on 2-year Treasurys eclipsed the yield on 10-year Treasurys for the first time since 2007. This ‘inversion’ of the yield curve is widely-followed because it has preceded every recession post-WWII. That’s not to say that it causes recessions, but it is considered a harbinger of slower growth. (recessions are shaded in gray) Lots…

Retirement Plans: The Employee Perspective

Qualified employer-sponsored retirement plans can provide a number of tax and nontax benefits to employees. The employee perspective on these plans should certainly consider the obvious tax deferral and retirement savings benefits. Additionally, however, employees should consider various strategies to optimize their benefits. For example, employees will approach their retirement plans most effectively when they…

Is it Time to Consider a New Plan Design?

You may have heard about a “cash balance plan” and wondered whether it would be something advantageous for your business.  A cash balance plan operates differently from other types of traditional retirement plans in that it combines features of both defined benefit and defined contribution plans. Technically, a cash balance plan is classified as a…

Retirement Confidence Increases for Workers and Retirees

In its 28th annual Retirement Confidence Survey, the Employee Benefit Research Institute (EBRI) discovered that 64% of today’s workers feel very or somewhat confident in having enough money to retire comfortably, up from 60% in 2017. And although far more retirees are very confident in their retirement prospects than workers (32% versus 17%, respectively), retiree…