Browsed by
Category: Retirement

Sometimes, more is less

Sometimes, more is less

There is an economic principle called the economies of scale, which states the larger something becomes, such as a pension plan, the more efficiently it can be administered. This is the principle to which all of the Plans administered by Christian Brothers Services adhere. For example, in the Christian Brothers Employee Retirement Plan (CBERP) the cost of recordkeeping, actuarial, legal, plus other expenses for almost 30,000 participants is not 10 times greater compared to another defined plan of 3,000. The…

Read More Read More

Are you prepared for an early retirement?

Are you prepared for an early retirement?

The Center for Retirement Research at Boston College has released a new brief indicating that more than a third of older workers retire earlier than planned. But, are you really ready? The study, “Retiring Earlier Than Planned: What Matters Most?, “further suggests that while health shocks and job loss are expected as key factors in upping the retirement date, those issues only make up a quarter of the reasons why people tend to retire early. The report states that health…

Read More Read More

Plan for Your Retirement at Every Career Stage

Plan for Your Retirement at Every Career Stage

No matter if you have been saving for retirement for years or if you are just starting your career, it is never too early or too late to plan for your future. We are all getting closer to the day when we will say goodbye to working full-time. It may be next month or 40 years from next month, but either way, good planning will help to make your retirement a reality. If you haven’t already done so, take action…

Read More Read More