As with many things, hands-on instruction is generally the best way to achieve this, especially if you make it into an engaging workshop that’s all about the employee and the employee’s dreams, not about the plan.
Tag "Doug Carey"
![How 401k Plan Sponsors Can Best Help Employees Think About And Define What A ‘Comfortable’ Retirement Means](https://fiduciarynews.com/wp-content/uploads/2022/07/puppy-1340078-660x395-1-505x306_c.jpg)
![401k Retirement Plan Fiduciary Risk & Bonds vs. Bond Funds During Rising Inflation](https://fiduciarynews.com/wp-content/uploads/2022/02/balance-3-1237355-660x395-1-505x306_c.jpg)
Normally, interest rates rise with inflation. In turn, bond rates rise with interest rates. But that hasn’t happened. In fact, short rates remain at historic lows. This means folks sitting in money markets or “safe” government bonds (and bond funds) are seeing their retirement savings eroded away.
![Fiduciary Advice: 5 Critical Behaviors to STOP Within 5 Years of Retirement](https://fiduciarynews.com/wp-content/uploads/2016/10/coach-and-players-1458374_660x395-505x306_c.jpg)
It’s never too late to get ready for retirement, even if you think it’s too late.