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Tag: retirement planning

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…

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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…

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Are you ready to retire?

Are you ready to retire?

Celebrated every third week in October, National Retirement Security Week is a concentrated effort to raise awareness about the importance of saving for retirement. When Senators Gordon Smith (R-OR) and Kent Conrad (D-ND) introduced the first resolution establishing National Save for Retirement Week in 2006, one of the goals was to encourage employees to save and participate in their employer-sponsored retirement plans. In 2016, recognizing the significant increasing cost of retirement, the Senate passed Resolution 575 supporting the goals of…

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