| IRS Explains What Plan Sponsors Should Do With Compliance Statements |
| Because the compliance statement resolves plan failures, the IRS says plan sponsors should keep this statement, evidence of corrections, and any follow up letters including extension letters, minor modification letters and revised compliance statements.
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| Personal Liquidity and Emergency Cash Challenges for Retirees |
| It’s more common to think about portfolios or financial institutions as having “liquidity issues,” but many U.S. retirees say they would have real difficulty meeting an unexpected $1,000 expense.
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| Many Millennials Think $1 Million Nest Egg Is Impossible |
| A solid majority of working Millennials do not think it will be possible for them to save $1 million—frequently cited as a savings target—over the course of their lifetime, according to the Wells Fargo Millennial Study.
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| From the Magazine: Confidence and Advice |
| American workers’ confidence in their ability to retire comfortably, which hit record lows between 2009 and 2013 before increasing in 2014 and 2015, leveled off at “very confident” this year.
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