We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (15,075)
  • Industry Conferences (2)
  • Industry Job Openings (8)
  • Negative Media (132)
  • Positive Media (73)
  • Sheryl's Articles (564)
  • Sheryl's Blogs (156)
  • Wink's Articles (213)
  • Wink's Blogs (199)
  • Wink's Press Releases (87)
  • Blog Archives

  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • U.S. Residents Not Confident in Their Ability to Save for Retirement

    March 24, 2012 by N/A

    SARASOTA, Fla., March 20, 2012 /PRNewswire/ — Adequate retirement savings has become an issue of significant concern to members of every income bracket. It should come as no surprise that according to a recent BMO Harris survey, the majority of U.S. residents (57 percent) are not confident in their ability to save for their ideal retirement lifestyle. Approximately half of U.S. residents (52 percent) say they have/will or anticipate maybe having to delay their retirement and/or work part-time during retirement due to a shortage of retirement savings.

    “This is a critical wake-up call to everyone, no matter what your age,” said Jack Kuhn, Florida Manager, M&I Wealth Management, a part of BMO Financial Group. “Our best advice, start now! Get smart about planning and saving for retirement, and get educated about the many strategies and tools available to help maximize your savings.”

    Kuhn provides the following tips to guide you as you review or initiate your retirement planning:

    Meet with a professional: A financial advisor can provide the guidance you need to learn about the retirement planning process and assist you in creating a realistic retirement plan. You just might be surprised at some of the opportunities available to help build your nest egg.

    Start Early: We can’t say it enough. Start saving at an early age. Doing so gives you the advantage of compound interest, your money will be working for you every single day. Just ask your parents, they learned this lesson the hard way.

    It’s never too late: Don’t be discouraged if you haven’t been saving for retirement. Instead of giving up, like many people do, start now.  Contact a financial advisor who can help you develop a plan for the best retirement that you can have.

    Take advantage of your company 401(k): There are many advantages to 401(k) plans. Don’t miss out on any of them. Although rare these days, some companies still offer to match your contributions (guidelines will vary by company). If there is no match, you still benefit because whatever you put into your 401(k) plan is tax-deferred. Don’t forget that when you leave a company, you can take your 401(k) contributions with you or make a rollover into other retirement vehicles.

    Consider a Roth IRA: A Roth IRA is a special type of retirement plan under U.S. law that is generally not taxed, provided certain conditions are met. Tax treatment is different for this plan because the tax break is granted on money withdrawn from the plan during retirement, rather than for money placed into the plan.

    Commit to saving, even if you start small: Ben Franklin said it best, “A penny saved, is a penny earned.”

    Parents, educate your children: So many of us are learning the retirement lesson, save early and save often, the hard way. Share this knowledge with your children, and guide them to make saving an important part of their financial lives.

    The good news is that there are a variety of ways to help you save to enjoy your golden years. For more information about retirement planning, contact your local M&I Financial Advisor, or call: 888-330-3566.

    The online survey was conducted by Leger Marketing in all regions of the United States with a representative sample of 1,032 adults, between November 3 and November 8, 2011.  Final data was weighted by age, gender, and region in order to obtain a representative sample of the U.S. population. A probabilistic sample of 1,032 respondents would yield a margin of error of +/- 3.1%, 19 times out of 20.

    About M&I Wealth Management, A part of BMO Financial Group
    M&I Wealth Management, a part of BMO Financial Group, is a leading provider of trust, investment management and private banking services to corporations, institutions and affluent individuals. For high net worth individuals and families, M&I Wealth Management offers a comprehensive range of customized wealth management services that include financial planning, investment management and advisory services, trust and estate services, and private banking. In 2011, M&I Wealth Management became a part of BMO Financial Group, one of the largest diversified financial services organizations in North America with total assets of $477 billion as of October 31, 2011, and more than 47,000 employees.

    M&I Financial Advisors
    M&I Wealth Management offers products and services through various affiliates of BMO Financial Corp., including Marshall & Ilsley Trust Company N.A., M&I Investment Management Corp. and M&I Financial Advisors, Inc. (member FINRA/SIPC, maintaining its principle offices at 111 E. Kilbourn Ave., Milwaukee, WI 53202), offering various brokerage, investment and insurance products. Insurance coverage is underwritten by a number of insurers. 

    Insurance products are the obligation of the insurance company. Securities and insurance are: NOT FDIC INSURED – NO BANK GUARANTEE – MAY LOSE VALUE. 

    United States Department of Treasury Regulation Circular 230 requires that we notify you that, with respect to any statements regarding tax matters made herein, including any attachments, (1) nothing herein was intended or written to be used, and cannot be used by you, to avoid tax penalties; and (2) nothing contained herein was intended or written to be used, and cannot be used, or referred to in any marketing or promotional materials.  Further, to the extent any tax statement or tax advice is made herein, BMO Harris Bank N.A. and its affiliates do not and will not impose any limitation on disclosure of the tax treatment or tax structure of any transactions to which such tax statement or tax advice relates.  BMO Harris Bank N.A. and its affiliates do not provide legal advice to clients.  You should review your particular circumstances with your independent legal and tax advisors.

    SOURCE M&I Wealth Management, a part of BMO Financial Group

    Source: 

    PR Newswire Association LLC

    Wordcount: 

    933

    Originally Posted at InsuranceNewsNet on March 20, 2012 by N/A.

    Categories: Industry Articles
    currency