This is the final part of our series My Financial Coach Presents: History of Retirement. Click Here to start at the beginning and view our video and timeline as well.   Trouble in Pension Paradise   By the 1950s, almost 10 million American employees, or around 25% of the private workforce had a pension. In...Read More

It is popular to think of retirement as a modern luxury. When most people think about retirement it almost feels right to think of it as an idea from the 20th century. However, I would like to show you something to help you expand on the history of retirement as something that is far older....Read More

According to PwC’s 2018 Employee Financial Wellness Study, which tracks the well-being of full-time employed U.S. adults, “close to half [46%] of all employees say they are stressed about their finances. And when asked what causes them the most stress in their lives, nearly twice as many say financial matters as compared to job stress;...Read More

According to the 2017 Prudential/PlanSponsor Executive Benefits Survey, the overall rate of companies offering nonqualified deferred compensation plans (NQDCPs) increased to 85 percent in 2017 from a survey low of 77.2 percent in 2015. And why should you care? NQDCPs represent an extremely attractive tax-deferral vehicle to help highly compensated employees save for retirement or...Read More

Most companies today provide retirement planning with a 401(k) plan, with or without company matching contributions or profit sharing. While these plans work well for rank-and-file employees, they impose severe limitations on highly compensated employees. To fill the gap created, many organizations provide their highly compensated talent with nonqualified deferred compensation plans (NQDC), which gives...Read More