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Nevin E. Adams, JD

By Nevin E. Adams, JD | 1/17/2014
We tried to introduce our kids to money and financial concepts relatively early. We encouraged them to save some of their monetary gifts, let them put the money in the offering plates at church, and provided them with a modest allowance for chores commensurate with their age and abilities. For all... READ MORE
By Nevin E. Adams, JD | 1/13/2014
While each situation is different, in my experience leaving a job brings with it nearly as much paperwork as joining a new employer does. Granted, you’re not asked to wade through a kit of enrollment materials, and the number of options is generally fewer, but you do have to make certain benefits-... READ MORE
By Nevin E. Adams, JD | 1/6/2014
This is the time of year when in many parts of the country, the weather — and weather forecasters — dominate the nightly news coverage, certainly when the predictions are dire. Having lived in several different parts of the country, I can assure you that the bigger the projected snowfall, the more... READ MORE
By Nevin E. Adams, JD | 12/23/2013
People are often grouped into two camps: optimists, who generally see the glass as half full; and those who are more pessimistic, who are said to view the glass as half empty.One of the most commonly cited data points about retirement — and one that you hear people in Washington, DC repeat all the... READ MORE
By Nevin E. Adams, JD | 12/16/2013
Ask any benefits manager why their organization offers benefits to their workers — or why they offer a 401(k) — and my experience suggests that the reliably consistent answer is “to attract and retain the best workers.” Indeed, as the 2013 Health and Voluntary Workplace Benefits Survey (WBS)[1.... READ MORE
By Nevin E. Adams, JD | 12/10/2013
One of my favorite works of art is “A Sunday Afternoon on the Island of La Grande Jatte,” by Georges-Pierre Seurat. I was introduced to this painting in college via an art appreciation class at the Art Institute in Chicago. (The Institute makes a brief appearance in the film “Ferris Bueller’s Day... READ MORE
By Nevin E. Adams, JD | 12/2/2013
In recent days, we have commemorated both the 50th anniversary of the assassination of President Kennedy and the 150th anniversary of Lincoln’s Gettysburg Address. Occasions such as these are natural opportunities for us to look back and reflect on the past — to consider what has happened since —... READ MORE
By Nevin E. Adams, JD | 11/26/2013
When EBRI was founded 35 years ago, I was about six months into a job doing pension accountings for a large Midwestern bank. At the time, I didn’t realize I’d still be working with those kinds of issues in 2013 — in fairness, like most recent college graduates, I wasn’t really thinking about... READ MORE
By Nevin E. Adams, JD | 11/12/2013
Retirement plan advisors generally focus on, well, retirement plans. But even retirement plan advisors know that at certain times of the year, all that plan sponsors want to think about is health care. For both plan sponsors and workers, health care is a growing planning concern for their... READ MORE
By Nevin E. Adams, JD | 11/5/2013
“Replacement rates” — roughly defined as the percentage of one’s pre-retirement income available in retirement — arguably constitute a poor proxy for retirement readiness.Embracing that calculation as a retirement readiness measure requires accepting any number of imbedded assumptions, not... READ MORE
By Nevin E. Adams, JD | 10/31/2013
At some point in just about every police drama, potential suspects are vetted against the following criteria: Did they have the motive to commit the crime, and did they have the opportunity? Those who lack either are generally quickly dismissed as suspects because it is assumed that, lacking those... READ MORE
By Nevin E. Adams, JD | 10/29/2013
During the third week of October, more than 100 professionals gathered at the Fall 2013 ASEC Partners’ Meeting to discuss the obstacles to, and possible solutions for, retirement savings. National Save for Retirement Week is upon us, and America Saves Week will be here before we know it. So too,... READ MORE
By Nevin E. Adams, JD | 10/8/2013
In this era of reality TV, where the antics (and worse) of the formerly rich and infamous are on display in ways that could not even have been imagined a decade ago, I seem to find myself increasingly shaking my head and muttering, “What were they thinking?” The answer, as often as not, seems to be... READ MORE
By Nevin E. Adams, JD | 9/17/2013
There’s an old saying: “You can lead a horse to water, but you can’t make him drink.” It’s a sentiment expressed by many a benefits manager (or retirement plan advisor) who has devoted significant time and effort to plan design, only to find the adoption rate by individual workers to be “... READ MORE
By Nevin E. Adams, JD | 9/10/2013
Growing up, I remember late night TV programs being punctuated by commercials touting a series of interesting products — everything from a rod-and-reel contraption that would fit in your pocket to a special set of knives that would, apparently, slice through any substance in the known universe... READ MORE
By Nevin E. Adams, JD | 9/3/2013
Over the weekend, my daughter shared with us an insurance quote she’d received. It had been a while since I had focused on such things, but I was struck first by how much it was. It was for insurance in a different state, so we worked through the particulars, trying to be certain that we understood... READ MORE
By Nevin E. Adams, JD | 8/27/2013
A recent long-distance move by a family member required that I rent a vehicle larger than the passenger cars that we generally rely on for transportation at my house. There were a number of considerations: cost, availability, the opportunity to drop off the vehicle at the other end, and the actual... READ MORE
By Nevin E. Adams, JD | 8/20/2013
I once spent a very uncomfortable period of time stuck in one of those carnival rides that, for brief periods of time, spins riders in a circle as the cab you are in also twirls. As uncomfortable as the ride was, the “stuck” part came while my cab was high in the air — and turned upside down. In no... READ MORE
By Nevin E. Adams, JD | 8/13/2013
In about a month my eldest will be setting up a new home in a different state. It won’t be her first time living in another state, and it won’t be her first apartment. It will, however, be her first apartment as an entrant into the full-time career workforce, and so the criteria — and budget — are... READ MORE
By Nevin E. Adams, JD | 8/5/2013
It has become something of a truism in our industry that defined benefit plans are “better” than defined contribution plans. We’re told that returns are higher[1. In the days following publication of the EBRI Issue Brief, (“Reality Checks: A Comparative Analysis of Future Benefits from Private-... READ MORE

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