A survey found that only 46% of non-retired Americans are
confident they will reach their retirement goals, compared with 49% who are not
confident (29% not sure, 20% don’t think they ever will). Only 5% of
non-retired Americans report they have already reached their retirement goals.
There are several reasons a plan sponsor may freeze its
defined benefit plan, and there are several decisions the adviser should help
his client work through when it is about to do so, as well as show the sponsor
how it should manage the plan afterward.
Get to know advisory practices that have demonstrated an
unfailing commitment to helping plan sponsors meet their fiduciary
responsibilities and to assisting plan participants sufficiently prepare for