This report features world capital market performance and a timeline of events for the quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets. The report also illustrates the impact of globally diversified portfolios and features a quarterly topic.
Formerly known as Secure Choice, CalSavers is a mandated state-run payroll deduction IRA program. Coming as soon as July 1, 2019, the program will be open to any employer with 5 or more employees that does not currently offer a 401(k) or retirement plan option.
Investors may be tempted to extrapolate recent returns into the future, which can lead them to abandon their investment philosophy at potentially inopportune times. While negative outcomes are disappointing, investors should view them with the proper perspective and stay the course.
The evolution of a 401(k) plan typically sounds something like this:
The owners want to implement a plan because their business is growing and they want to shelter some of those dollars. With growth comes more employees, and now it’s important to have a lot of them participate so it doesn’t affect the owner’s contribution amounts in testing. Eventually, businesses begin to attract great talent and you want them to stay, so the business owner decides to throw in a match. Great – this all sounds perfect. But, the growth and changes to the plan shouldn’t stop there.
As a Plan Sponsor, part of your fiduciary duties include making sure your participants have access to knowledge and information surrounding the retirement program.
How can you make sure you are doing everything you can to accomplish this?
Retirement plans can become another full-time job for companies and business owners. But what if it didn’t have to be that way? What if there was a way for you to trust someone else to make sure that the plan is being monitored and that when something requires your attention, you will be informed?
Hallelujah – we found a way! PGR Solutions can be your plan’s fiduciary advisor.
Dimensional Fund Advisors has written a great article about the risks of “self-diagnosing” via internet searches, unqualified materials, and presumption. As you would go to a doctor for a concern with your health, it is suggested that you consult an advisor for concerns with your investments. If you’re looking at the numbers and feeling a bit concerned about the performance in the retirement plan program or your individual account, talk with a professional. PGR Solutions can guide you, offer advice, and a treatment plan to help with how you’re feeling.
I hope your 2019 is off to a good start and that your holidays were full of fun and time spent with your family and friends. As the new year gets under way, please feel free to reach out to your advisor if we can be of assistance to you. In the meantime, please enjoy the following message from PGR Solutions.
Thank you for your business and Happy New Year!
“Sellers were out in force on the market today after negative news on the economy.” It’s a common line in TV finance reports. But have you ever wondered who is buying if so many people are selling?
As 2019 approaches, and with US stocks outperforming non-US stocks in recent years, some investors have again turned their attention towards the role that global diversification plays in their portfolios. For the five-year period ending October 31, 2018, the S&P 500 Index had an annualized return of 11.34% while the MSCI World ex USA Index returned 1.86%, and the MSCI emerging Markets Index returned 0.78%. As US stocks have outperformed international and emerging markets stocks over the last several years, some investors might be reconsidering the benefits of investing outside the US.
5 questions you’ll be thankful you asked.
Now that we’re closing in on the holiday season, most of us will be spending a lot of time with our families. Here are some topics of conversation that might be worth your while to talk to your loved ones about over some turkey and delicious sides.
This term has grown to be extremely popular over the last few years within the retirement and financial planning space. When it comes to retirement plans, it’s important to understand the different types of fiduciaries that are out there and how to tie those individuals in with the bigger picture.
Are you a business owner considering switching from a SIMPLE IRA to a 401(k)? Let’s talk it through.