August 5th, 2016

Parents Put College Education Savings Over Retirement Savings

More parents said they had money saved for their children’s college education than for their retirement, according to a new analysis of T. Rowe Price Survey data.Read more >

Most Millennials View Retirement Savings Goal as Impossible

The majority of working Millennials, 64%, do not think it will be possible for them to save $1 million—frequently cited as a savings target—over the course of their lifetime, according to the Wells Fargo Millennial Study. Fifty-nine percent have started saving, but 41% have not, with 64% of this group saying the reason is simply because they don’t make enough.Read more >

ASK THE EXPERTS

“What is a 457(f) plan? Is it something we should consider sponsoring?”Read more >

When Children Leave Home

One would think that when children leave the home, parents would put much more into saving for retirement, but this may not be the case.Read more >

How Do Americans Spend Their Time?

Men spend more time on work and leisure activities while women spend more time on household activities, data from the Bureau of Labor Statistics shows.Read more >

David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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