The ProFolio Group

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Attn: Gen X and Millennial Workers --"Pensions have gone the way of the typewriter" and "the Social Security Trust Fund ...
07/19/2019

Attn: Gen X and Millennial Workers --

"Pensions have gone the way of the typewriter" and "the Social Security Trust Fund is estimated to run dry by 2035" -- so what will the typical Gen X and Millennial retirement look like?

For many Americans, future retirements will be entirely self-funded. Simply put, you will spend what you save. Failure to save could mean you are "faced with the proposition of working well into your 80s or relying on your children for financial support."

The good news is Gen X and Millennial workers have time on their side. "For those looking to avoid these situations, proper retirement planning can provide a viable path to financial stability and independence."

Curious about what a path to a successful retirement might look like? The ProFolio Group is here to help. To learn more, send us a message or click the link below to schedule a complimentary intro call: https://calendly.com/theprofoliogroup/30min

Though Social Security cuts appear to be looming, it's not too late for Americans, namely millennials, to create a retirement plan they will undoubtedly need to make up for any pending reductions.

Excerpt from "Riding the Market Rollercoaster" featuring our founder, Jonathan Seif, below:“Right at the moment when [pa...
07/15/2019

Excerpt from "Riding the Market Rollercoaster" featuring our founder, Jonathan Seif, below:

“Right at the moment when [participants] are poised to do the best for themselves, they take their eye off the ball,” Carosa says. And he cites The ProFolio Group, LLC founder Jonathan Seif, who said of such behavior, “They often get nervous and can even become too conservative, rather than taking a long-term outlook and maintaining an allocation that is appropriate.”

Please hold on to the bar. That’s sound advice when seated in an amusement park thrill ride. But a recent blog entry suggests that the maxim is applicable to how a plan fiduciary approaches how participants invest their funds amid the vagaries of market volatility.

Excerpt from "A Fiduciary Must Confront The Fears and Fads of Market Cycles" featuring our founder, Jonathan Seif, below...
07/09/2019

Excerpt from "A Fiduciary Must Confront The Fears and Fads of Market Cycles" featuring our founder, Jonathan Seif, below:

Imagine the reaction of a typical 401k saver. Their goal is usually long-term – saving for retirement. Yet, right at the moment when they’re poised to do the best for themselves, they take their eye off the ball. “When the market pulls back,” says Jonathan Seif, Founder of The ProFolio Group, LLC in New York City, “they often get nervous and can even become too conservative, rather than taking a long-term outlook and maintaining an allocation that is appropriate.”

Yet, and we might have seen this over the last six months, investors are quickly able to shift from pessimism to optimism at the drop of the bull market bell. “Many investors have a short-term memory when it comes to the market,” says Seif. “When the market is firing on all cylinders, they forget about volatility in the past and increase their risk exposure in an effort to maximize their returns.”

July 5, 2019: The ProFolio Group posted an article on LinkedIn

Excerpt from "401(k) hardship withdrawals — here's what you're allowed to do" featuring our founder, Jonathan Seif, belo...
07/05/2019

Excerpt from "401(k) hardship withdrawals — here's what you're allowed to do" featuring our founder, Jonathan Seif, below:

"Hardship withdrawals, along with other forms of premature distributions of retirement savings, are considered to be 'leakage' from a 401(k) plan," says Jonathan Seif, founder of The ProFolio Group, a New York City-based financial planning firm. "While it is unfortunate that an employee has an emergency and needs to touch their savings, it is also not ideal for the employer, whose goal is to drive participation in the 401(k) plan."

July 5, 2019: The ProFolio Group posted an article on LinkedIn

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