Many older Americans are in defined benefit plans. Some of these plans are reporting shortfalls from underperformance or underfunding. And most of these defined plan deficits don’t take into account longevity risk of the plan participants. Retirement plan expert, Steve Pilger is interviewed by Steve Savant, syndicated financial columnist and talk show host of Steve Savant’s Money, the Name of the Game….(read more)

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Retirement is supposed to be the time of one’s life when they finally get to enjoy all the hard work they’ve put in over the years. However, with the current state of retirement plans in the US, many individuals are not able to fully benefit from their retirement plans. Many retirement plans are funded by employers, and they are designed to provide employees with a comfortable and secure retirement. Unfortunately, many of these plans are poorly managed and do not provide the best returns.

To help rescue retirement plan participants and ensure that they can maximize their retirement benefits, Steve Savant has taken the initiative to educate and provide solutions. Steve is a well-known financial advisor, speaker, and coach, with over 40 years of experience in the industry. He recognizes that many retirement plan participants are stuck in poorly performing or outdated plans that do not meet their needs, and he aims to help them regain control of their retirement.

One of the primary reasons for underperforming retirement plans is the lack of education and awareness among participants. Many employees simply do not know how to make the most of their retirement plans, and they may not be aware of the options available to them. Steve Savant understands this, and he is committed to empowering these individuals with the knowledge and tools they need to make informed decisions about their retirement.

Another issue facing plan participants is the high fees associated with retirement plans. Many plans charge excessive fees, which eat into the returns participants receive, and can significantly reduce the value of their retirement savings over time. To combat this problem, Steve Savant recommends taking a proactive approach by reviewing the fees associated with your retirement plan to see if they are reasonable.

Finally, Steve Savant advises that individuals take a more active role in managing their retirement plans. He encourages individuals to regularly assess their investment choices and adjust their portfolios as necessary to ensure that they are in line with their goals and risk tolerance.

In conclusion, Steve Savant’s Money, the Name of the Game initiative is aimed at helping rescue retirement plan participants who may be stuck in poorly performing or outdated retirement plans. By educating individuals, providing solutions, and empowering them with the tools they need to make informed decisions, Steve is helping individuals take control of their retirement and achieve the financial security they deserve.