Financial Engines Advantage: Your Retirement Evaluation Tells You How You Could Do Better

Financial Engines Retirement EvaluationThe first thing you’ll get as a Financial Engines customer is a Retirement Evaluation.

It’s based on preliminary information securely passed to us from your employer so we can give you insight into your 401(k) savings.

This analysis is a great starting place, but that’s just what it is: a place to start. We need you to make it even better and relevant to your plans for your future (even if you don’t have any yet!).

Here are five things you should do with your evaluation:

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Ask an Advisor: What You Need to Know About the Debt Ceiling and Investment Trends

iStock_000044330764LargeOur clients often call us with questions generated by current events. With all of the talk about our nation’s economy, they ask, “What is the debt ceiling, and as an investor, why should I be concerned?”

The United States Treasury occasionally faces the prospect of being unable to fund the government. For example, last fall, if lawmakers in Congress had failed to act by October 17th to raise the federal borrowing limit, or “debt ceiling,” it could have caused the U.S. government to default on its obligations. In the unlikely event that a default occurs, it would most likely cause extreme uncertainty among investors and result in panic, causing markets to sell off, the dollar to lose value, and interest rates to rise overnight. Investors watch these kinds of developments daily, which can result in unnecessary fear and anxiety about their investments.

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Our Christopher Jones Talks Investing: Listen and then Take Our Quiz

CJ-on-PlanSponsor-VideoDid you know research shows those who get retirement help tend to do better than those who don’t?

Our Chief Investment Officer, Christopher Jones sat down with PLANADVISER & PLANSPONSOR’s Editor-in-Chief, Alison Cooke Mintzer, to discuss Social Security and retirement help. Watch the video and then take our quiz to see how much you know about starting to prepare for retirement.

The Quiz

  1. Christopher talks about ways to invest; what are Target Date Funds?

A) An asset mix (investment) roughly based on your age

B) Stocks that focus exclusively on bulls-eyes

C) An emergency fund

D) None of the above.

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600+ Companies with 9M Employees and $1 Trillion+ in Retirement Assets Trust Financial Engines

Thumbs up on green backgroundWe’re excited at Financial Engines because we’ve hit an important milestone.

Today we announced that the collective assets of the companies that have hired us to provide retirement help to their employees now exceeds a trillion dollars. That’s a lot of investing. In fact, more than 600 companies now trust Financial Engines to deliver independent advisory services to their more than nine million employees. We are honored to be able to help our customers with such an important aspect of their lives—investing for their retirement.

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Something for the Middle Class – A Way to Get More for Retirement

family in kitchenIt’s not easy saving money while trying to make ends meet.  Many of us work for companies that offer access to a 401(k) plan, and if we are lucky, they match a portion of our contribution. But the story often ends there for a lot of people because they don’t know how to put that money to work: how to get that money to make money. They aren’t sure who to turn to for investment advice and some choices can be very costly.

But now there’s good news.

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Long Overdue – Weighing In on New Consumer Protection for Retirement Accounts

FiduciaryIf you aren’t using the word – and chances are you aren’t – it’s time to learn more about it. The word is “fiduciary” and it is an adjective that describes a relationship involving trust.

Typically one might hire a fiduciary to look out for the best interests of a minor or senior or someone who needs help with their money. Most of us could come in contact with a fiduciary if we are investing our 401(k). It’s important because the U.S. Department of Labor has recommended new rules to require everyone giving retirement investment advice to adhere to a new standard.

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Discover Your Money Profile: Take the Quiz

money-quizDifferent people have different money styles and they are often based on personality types. Take this quick quiz to find out your potential style and have some fun learning about the others!

For each question, answer true or false.

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In Providing Financial Advice, Putting Customers First is Good Public Policy and Good Business Practice

chris-jonesToday, President Obama announced that he will be proposing a draft rule from the Department of Labor that would require those offering retirement investment advice to serve as fiduciaries. That means that they would be required by law to put the interests of their customers first—free from conflicts of interest. This is important news for everyone saving and investing for retirement. Let me explain why.

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Hey! It’s America Saves Week – Do You Know Where Your Money’s Going?

AmericaSavesWeek-Logo-Reversed-VerticalIf saving wasn’t on your radar already, there’s a whole week dedicated to helping you save more. Welcome to America Saves Week – a great opportunity to think about how and why you save (and how you can save more).

First things first, we invite you to subscribe to our blog (there’s a place to subscribe in the right navigation bar). If you subscribe today, you’ll get a fun email from us tomorrow that will help you determine your personal money style. It’s a great place to start when it comes to saving.

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Ask An Advisor – Why Do You Have Me Invested in International Funds?

Closeup on business woman working with documentsRegardless of how international funds are performing at this moment, we believe that holding onto them as part of a well-diversified, risk-appropriate portfolio is still a good idea for the long term.

The role of international securities is to help reduce the risk of the entire portfolio.

There will be times when international securities underperform domestic securities, just as there will be times when international outperforms domestic. Since no one can accurately predict how a segment of the market will perform at any given time, trying to “time the market” is rarely reliable. History suggests that a steady, long-term approach is key.

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