Preparing for retirement

Preparing for retirement

Ensuring you are ready to retire financially takes planning well before the event. Christian Brothers Services partner Vanguard, an investment management company, offers a host of tips on preparing for retirement. How do you know if you are ready to retire? Vanguard suggests that as you decide when to retire, think about how much money you’re likely to spend each year. Then, check your savings to ensure you’ll be able to meet those expenses. On average, Vanguard reports that financial…

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Christian Brothers Services Celebrates 60 Years of Commitment to our Members

Christian Brothers Services Celebrates 60 Years of Commitment to our Members

As Christian Brothers Services (CBS) celebrates its 60th anniversary in 2020, it reminds us that we had a humble beginning in 1960 with a simple plan by company founder, Brother Joel Damian, FSC. Brother Damian’s plan was to pool the resources of LaSallian Christian Brothers’ run high schools to help them define and consolidate their insurance and financial needs. Brother Damian knew it would be the strength in numbers of its membership that would be vital to the success of…

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Protect your Organization from 403(b) Litigation

Protect your Organization from 403(b) Litigation

Is your organization prepared for a lawsuit if you are sued for not monitoring your retirement plan? Many non-profit and church organizations thought they were immune from fee litigation on their defined contribution plan. The Schlichter law firm shattered this myth in August 2016 when it filed 12 lawsuits against 403(b) plans, charging the fiduciary with negligence in monitoring the plan. What would happen if someone sued your organization? Could you defend your business practices? It can happen to you….

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