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…

The Quintes story

In 1986, I purchased the Salinas branch office of Farzaroli & Davey’s qualified plan Third Party Administrator (TPA) business and renamed it Shearn & Associates, Inc. For 15 years, we offered compliance services to qualified retirement plans. In 2001, I merged Shearn & Associates into Hayashi & Wayland Accounting and Consulting, LLP and became partner Read More…