How Much Should I Have Saved for Retirement at My Age?

In today’s culture, everyone is seeking a benchmark to gauge how they’re measuring up—financially, professionally, relationally, physically, and otherwise. Retirement planning is no exception. You can’t avoid articles telling you about the need to save for your future or about the retirement savings crisis in America—they are seemingly everywhere. But, one question that is too... Read more »

Recent News

GuidedChoice: Harry Markowitz: Financial Wellness

Harry Markowitz: Financial Wellness

Financial Literacy is a buzzword in the workplace today. Financial literacy is a big part of this wellness trend. With the retirement crises and other related issues, there is a push to improve the financial literacy of Americans of all ages. Many 401(k) plan sponsors have joined this movement and view it as a good... Read more »
GuidedChoice: Any fiduciaries in the house?

Any fiduciaries in the house?

Last time, we shared some news about a new rule that will require more of the people who offer investment advice to be fiduciaries. That means they’re legally bound to act in your best interest, without commissions, kickbacks, or any kind of ethical and financial conflict. Which is great, until you ask “wait, you mean... Read more »
GuidedChoice: Who’s got your back?

Who’s got your back?

When someone gives you advice about retirement money, who exactly are they working for? It’s surprisingly complicated. If you have a company retirement plan, the people who run it – your employer, various firms that provide investments and handle the money, and advice providers like GuidedChoice – are already “fiduciaries.” This means we’re legally required to act in your financial best interest. Not in the interest of our own paychecks, shareholders, or anyone else.

GuidedChoice: Some rules are meant to be broken

Some rules are meant to be broken

Ever heard of the “80/20 rule”? It began as a simple observation by economist Vilfredo Pareto that 20% of the people owned 80% of the land(in 19th century Italy). When he noticed that 20% of the peapods in his garden also produced 80% of the peas, he thought he was on to something. The idea grew into the Pareto Principle, a rule of thumb in economics that loosely applies a power law relationship to describe how things of value are often unequally distributed.