The Quintes Blog

Your employees deserve every opportunity to reach their goal of an ideal retirement – and the Quintes blog is part of our goal to inform both employers and employees of the options and choices available to make confident financial decisions for the future.

America’s Savings Crisis: What Can We Do About It?

Welcome to our series, where we will be offering up our secrets to creating successful retirement outcomes for you, as the plan sponsor fiduciary, and your employees. Today we’re going to explain why America has a savings crisis and the process we’re proposing to support your employees’ ability to secure retirement outcomes for themselves and Read More…

Welcome to My Brand-New YouTube Channel

Welcome to my video blog! If you currently sponsor a 401(k) plan and want to evaluate that plan, we can be of service. We’ll help design a plan to help you create secure retirement outcomes for your employees and help you understand your role as a fiduciary. I just want you to know we’re here Read More…

Our 1% Challenge

Are you saving enough for retirement? Does it feel like the amount needed to stow away for retirement is too much?  It can sound like something hard to do when you hear a person should be contributing 12%- 15% of their salary toward their retirement account.  This is especially true if you are accustomed to Read More…

401(k) Participants Under 30: The “Do It For Me” Attitude

Millennials have a reputation from some people in “older” generations of being entitled and sometimes lazy. Millennials will tell you they feel independent and confident they will accomplish their goals on their own terms. So how do we design retirement plans to get younger participants to start saving and increase their savings over time to Read More…

How much money should you have saved in your 401(k) at your age?

We all know we need to be saving for retirement. The Department of Labor (DOL) says we should be saving 12-15% of our income to replace 80% of our current salary for our retirement years, that 80% income replacement ratio includes Social Security. The 12-15% savings rate is assuming we are perfect savers, meaning we Read More…

401(k): Should you care if your employees are financially well?

When we meet with CEOs, CFOs and HR Directors we consistently hear what is most important to them in regards to their employees. They are trying to increase productivity, attract and retain talent and improve employee engagement. Here are a few reasons why an employer should care if their employees are financially well. Productivity This Read More…

401(k): When is the right age to start planning for retirement?

One of the hardest aspects of working with new retirement plan participants is telling them they can’t retire when they want to, but one of the best aspects is being able to tell plan participants that it is possible to meet their retirement goals. We work with both types of plan participants—those who are proactive Read More…

How do you calculate your Income Replacement Ratio?

A person’s income need in retirement varies from person-to-person. There is no one solution that can fulfill everyone’s retirement goals.  Most 401(k) participants understand that their goal in participating in an employer sponsored plan is to accumulate a balance large enough that will replace most of their working income, thus providing the opportunity for someone Read More…

The Modern Day Retirement Age Reality: Why 70 is the new 65

When we meet with employees in our 401(k) plans and ask them, “When would you like to retire?” they often to refer to age 65 as a general targeted date of when they think retirement is supposed to happen. In order to demonstrate the reality of retirement by the age of 65, we utilize calculators, Read More…

Retirement Plan Administration: What You Need to Know

When I meet with prospective clients, they typically view the administrative duties performed by a potential provider as a commodity, i.e. all providers are the same, when in reality this couldn’t be further from the truth.  The most significant liability faced by an employer who sponsors a retirement plan is related to the administrative duties Read More…