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October 5th, 2018

District Court Soundly Dismisses Washington University 403(b) Lawsuit

The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to the benefit of Employee Retirement Income Security Act (ERISA) plans. Read more >

Health Care Costs Will Take a Big Chunk Out of Retirement Savings

HealthView Services estimates total lifetime retirement health care expenses for an average healthy 65-year-old couple, who live to their actuarial longevity, retiring this year are projected to be $363,946 in today’s dollars. The firm says retirees need to plan for health care costs increasing significantly during retirement. Read more >
ASK THE EXPERTS
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Four in Ten Millennials Waiting to Save for Retirement

Nearly four in 10 young adults, those between the ages of 22 and 35, think saving for retirement can wait, according to a survey by Navient. Instead, they are prioritizing short-term goals, such as home ownership, saving for vacation, paying down debt or building an emergency fund. Thirty-six percent of young adults who are both paying off debt and saving for retirement but who have made paying off debt their No. 1 priority feel “very good” about their financial health, whereas this is only true for 23% of those who have made saving for retirement their No. 1 priority. Read more >

Financial Priorities Differ With Stages in Life

The Society of Actuaries (SOA) released a series of reports on the financial challenges and retirement perspectives affecting all generations, namely Millennials, Gen Xers, Late Baby Boomers, Early Baby Boomers and members of the Silent Generation. “Millennials in particular should pay off student loans and other debt, so that they can take steps to focus on longer-term issues, such as retirement security,” says Anna Rappaport, with the Society of Actuaries. Read more >

Arnerich Massena Makes Economic Case for ESG Investing

Responsible practices and policies have been shown to serve corporations better in the long run, strengthening their ability to meet the needs of their customers in a sustainable manner. Read more >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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