Tag Archives: Retirement

01.06.14
by

KCS’s January 2014 Fireside Chat: 2013 – A Year In Review

KCS’s January 2014 Fireside Chat: 2013 – A Year In Review

“My role in society, or any artist’s or poet’s role, is to try and express what we all feel. Not to tell people how to feel. Not as a preacher, not as a leader, but as a reflection of us all.” (John Lennon) 

 

As we gaze back on 2013, as we do following any year, we reflect on both the positives and negatives that impact our lives, our families, friends and colleagues, our community, our industry, our country and the world. We wonder why these events occur, why we may or may not have been involved, and whether or not there was anything that we could have done to alter the outcome through our collective experience. (please click on the link to continue to read the latest FC)

11.01.13
by

Defined Benefit Plans: Trick…or Treat?

Kamp Consulting Solutions’ Russ Kamp had the opportunity to speak at the Connecticut Public Pension Forum yesterday in Rocky Hill, CT. Russ discussed the deterioration of Defined Benefit Plans and the implications it has had on our weakening retirement system.

Click here for the presentation.

10.01.13
by

KCS Fireside Chat – 403 (b) Plans: Oldies but Goodies!

KCSThis month’s Fireside Chat was crafted by our partner, Dave Murray, the former plan sponsor for Conrail’s DB and DC plans.  Dave has become a real expert in all things DC.  Dave’s focus this month is on the 403(B) space, and specifically those plan’s dealing with non-profits.  Many of our colleagues, friends and associates volunteer at non-profits, with many holding board or finance positions.  With this great responsibility comes the need to stay on top of legislative changes.  We hope that you find this piece educational.

09.30.13
by

Youth unemployment’s second derivative effect

Much has been written about the growing unemployment crisis for those under 30 in the US, with <50% of that cohort working a full-time job, but there is a secondary effect that hasn’t gotten much notice.  With the demise of defined benefit plans as the primary source of retirement income, defined contribution plans are rapidly becoming the only retirement game in town.  However, for DC plans to be effective, employees need to fund as much as they can, as early as they can, in order to build a nest egg that will accumulate the necessary assets for a 20-25 year retirement.  With the younger workers not entering the workforce until they are in their late 20s, they are missing out on several years of contributions and compounding.  Unfortunately, managing a DC plan has proven difficult enough for most of us.  We certainly don’t need further impediments exacerbating an already tough situation.