After an extended period of relative calm, the past week saw a surge in volatility with global equity markets dropping sharply. By mid-week, the S&P 500 had given up its gains for the year. While periods of volatility are not unusual, we want to share our thoughts on what this might mean for your investment strategy. Continue reading
On the farm, Fall is the time of year when farmer’s typically have a chance to reap the rewards of their labor by harvesting their crops and preparing the soil for next year’s planting. While many of us aren’t farmers, we can learn a lot from their practical wisdom as the daylight Continue reading
At Financial Engines, we are in the retirement savings business – so we talk about retirement all the time. But we notice when we start saying that word to people outside our business, we get a variety of reactions. Because of this, we’d love to get your reaction to retirement and invite you to take our quick survey. Continue reading
Ten years!!!? Where does the time go?
It’s hard to believe that what started out as a cool idea is now an industry standard for delivering professional 401(k) management. Today, more than 800,000 people rely on us for managing their retirement accounts. And without them, we could never have reached this milestone. We also couldn’t have done it without the help of amazing employers and 401(k) plan providers, who make the delivery of our services possible. So thank you all!
Our little baby is all grown up and we couldn’t be more proud.
You’ve heard us talk about the value of getting help with your 401(k) before. Our research shows that people who get help do better than those who don’t. Often, those people closest to retirement are those that need the most help.
Our customers ask and our advisors answer. Today’s answer comes from Justine Gidaro (pictured right) who has been with Financial Engines for just over a year; prior to that, she was with Charles Schwab. She joined Financial Engines because she wanted to work more closely with clients to help them achieve their retirement goals.
“I keep hearing that bonds are underperforming, why are you still holding them in my account?” Continue reading
Do you feel like a failure because no matter how hard you try, saving money is just plain difficult? You aren’t alone. According to Harvard economist Sendhil Mullainathan and Princeton psychology professor Eldar Shafir, authors of a new book, Scarcity: Why Having Too Little Means So Much, “Saving can be affected by the very fact that you don’t have enough.”
No kidding, you’re thinking.
Did you think, “Hmm, not sure how much is in my wallet”?
Did you sit back and say, “Ha! I’m a millionaire; you should see how much I have saved!”?
Many people think that Medicare is the Holy Grail: once you hit 65, your healthcare is finally a piece of cake. You’re covered for everything and you can go about your business – no longer having to worry about insurance, premiums, etc. Right? Wrong. Continue reading