Give thanks for college savings

There are many things to be thankful for this time of year, including the gift of college savings

Time to read: 2 minutes

As the father of three college graduates, I know firsthand how exciting it is when students return home from school for Thanksgiving break — and not just for the parents. For many students, Thanksgiving break is their first trip back home since the school year started, making that long-awaited family reunion especially sweet.


Translating account balances to retirement income boosts savings

Receiving periodic retirement income estimates based on account balances can help improve retirement decisions

Jon VoglerTime to read: 2 min

LIMRA Secure Retirement Institute research shows that 52% of workers surveyed say it is difficult to know how retirement savings will eventually translate into monthly income. The findings suggest that offering retirement income estimates to employees can help bridge this knowledge gap and help spur increased saving. 


A 529 plan could help take your college savings from scary to sweet

Today’s trick-or-treaters are tomorrow’s college students. Are your savings on track?

Tom RowleyTime to read: 2 min

Things have a tendency to get a little bit scary around this time of year — and I’m not just talking about the little ghosts, goblins and ghouls knocking on your door Halloween night. I’m talking about what happens to your wallet.

According to the National Retail Federation’s annual spending survey, Americans spent approximately $9 billion in 2017 (up from $8.4 billion in 2016)1 on Halloween celebrations, including candy, decorations and those cute kids’ costumes.


House passes retirement component of Tax Reform 2.0

The bill includes changes affecting minimum distribution requirements, multiple employer plans, Universal Savings Accounts, individual retirement accounts and 529 plans

Jon VoglerTime to read: 2 min

On Sept. 27, the House of Representatives approved retirement reform legislation (the Family Savings Act) as part of the “Tax Reform 2.0” package of bills.

The House also passed the American Innovation Act of 2018, which is the small business innovation portion of the Tax Reform 2.0 package. On Sept. 28, it also passed the Protecting Family and Small Business Tax Cuts Act of 2018, which is the part of the package that would make permanent various individual and small business tax provisions from the Tax Cuts and Jobs Act.


ICI reports offer insights into the characteristics of IRA investors

The studies reveal differences between traditional and Roth IRA investors’ ages, asset allocations and contribution activity

Jon VoglerTime to read: 2 min

The Investment Company Institute (ICI) recently issued two reports on individual retirement accounts (IRAs) that describe the habits and behaviors of IRA investors. Titled “The IRA Investor Profile: Traditional IRA Investors’ Activity, 2007 – 2016” and “The IRA Investor Profile: Roth IRA Investors’ Activity, 2007 – 2016,” thereports analyzed data from The IRA Investor Database™, which tracks more than 17 million IRA investors. This information provides detail on the typical age of investors in both traditional and Roth accounts, how they begin saving in IRAs and the differences in asset allocations between owners of the two.


Reconsidering caregiver retirement benefits

Policy experts recommend adding Social Security wage credits for caregivers

Jon VoglerTime to read: 3 min

While traditional family roles have been evolving, it is still true that women tend to work fewer years and earn less than men during their careers. One major reason for this discrepancy — women usually serve as the main family caregivers. A new study suggests recent demographic changes are further harming women’s ability to fund their retirements, leading policy experts to recommend ways to counter this trend.

New study adds to concern for women in retirement