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BY NAPA Net Staff 10/25/2012
Pop quiz time: What’s the percentage of U.S. workers in the moderate income range — that is, those who make $30,000 to $50,000 a year — without access to an employer-sponsored plan who are saving for retirement through an IRA? Is the answer:30%20%10%5%The answer is: Among moderate income workers...
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BY NAPA Net Staff 10/25/2012
According to a study by The American College, 40% of small business owners have no retirement savings or pension plan in place — even though many are over 50. Furthermore, the study found that three-fourths of those owners have no written plan for funding their retirement. Equally surprising, many...
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BY NAPA Net Staff 10/25/2012
Twenty-six years ago today, President Reagan signed a sweeping bipartisan tax reform that chopped the top individual income tax rate from 50% to 28%; curbed special deductions, exclusions and breaks; gave most families a tax cut; left the richest 1% paying a slightly higher share of taxes; and didn...
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BY Nevin E. Adams, JD 10/24/2012
I was asked recently about the so-called “4% rule.” That’s the rule of thumb that many financial advisors rely on as a formula for how much money can be withdrawn from retirement savings every year (generally adjusted for inflation) without running out of money. (Certified financial planner William...
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BY NAPA Net Staff 10/24/2012
We all know it’s hard to get participants to focus on their retirement plans, but apparently many of them don’t even know how much they are deferring, according to a survey by T. Rowe Price. In an interview that aired on Fox Business News, T. Rowe’s John Ritter indicated this seems to be the case....
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BY NAPA Net Staff 10/24/2012
Is long term care insurance a long time gone? In the wake of a skeptical report by Moody’s and a dramatic price increase by one of the major carriers (driven by higher-than-expected medical costs and lower lapse rates), the potential buyers’ market has shrunk — as has the number of LTCI carriers....
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BY NAPA Net Staff 10/24/2012
What are the three most common mistakes made by investors? According to a survey of advisers by Chris Carosa, they are:• trying to beat the market;• playing it safe; and• timing the market.Investors either get too aggressive — which leads to adviser turnover — or they get too conservative,...
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BY Kathleen Beichert 10/23/2012
The average crediting rate for stable value funds was about 2.73% as of March 31, 2012, according to the Stable Value Industry Association. Interest rates on high-quality U.S. bonds reached new lows this year, after falling steadily for decades. Inflation has averaged around 4.5% since 1970.So why...
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BY NAPA Net Staff 10/23/2012
A main focus of this year’s presidential election campaign — in the debates as well as the candidates’ TV and print ads — has been the plight of middle class Americans, with both candidates promising to relieve the tax burden on the middle class. But did you know that tax-deferred contributions to...
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BY NAPA Net Staff 10/23/2012
The recent recession had a greater impact on adults aged 36-40 than on any other age group, according to a study by the Pew Research Center. Americans’ median wealth dropped by half during the recession, partly due to far lower home values — leaving some homeowners underwater. Fewer of these adults...
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