NAPA Net - Polling Places 012216

How Are You Managing Your Retirement Account(s)?

Those who work with retirement plan sponsors and participants are generally well-informed about best practices when it comes to investment selection and review, portfolio diversification, and the importance of setting savings goals and monitoring progress.

That said, it’s often easier to tell others what to do than to apply those principles to your personal situation.

This week, I’d like to know how you manage YOUR retirement savings. Remember that our reader poll is completely anonymous.

Question Title

* 1. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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* 2. How long have you been working with retirement plans?

less than 5 years

5-10 years

10-15 years

15-20 years

> 20 years

Other (please specify)

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* 3. Are you covered by a traditional defined benefit (pension) plan?

Yes

Yes, but at a prior employer

Other (please specify)

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* 4. If you are covered by a traditional defined benefit (pension) plan, how much of your retirement income needs do you expect it to cover?

Not covered by a traditional defined benefit (pension) plan

< 20%

20% - 30%

30% - 40%

40% - 50%

> 50%

Don't know

Not sure if I'm covered by a traditional defined benefit (pension) plan

Any comments?

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* 5. How many IRAs do you have?

None

1-2

3-5

Don't know

Comments?

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* 6. How many workplace savings plans do you currently have (401k, 403b, 457)?

None

1-2

3-4

Don't know/Not sure

Comments?

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* 7. How is/are your CURRENT workplace retirement savings account invested (I realize that if you have multiple accounts, you might be managing them differently)?

Self-directed brokerage account/window that I manage

Self-directed brokerage account/window that someone else manages

Individual funds that I direct

Custom target-date fund

Target-date fund

Managed account

Risk-based target-date fund

Something else (please specify)

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* 8. Is your choice above your preference, or is it limited/restricted by choices in your current employer plan?

It's my preference

It's limited by current employer plan

Additional comments?

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* 9. When was the last time you rebalanced that retirement portfolio?

Done automatically as part of the fund’s structure

Within the last 30 days

Within the last quarter

Within the last year

It’s been awhile

Other (please specify)

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* 10. When was the last time you did a retirement needs projection for your own situation?

Within the last 30 days

Within the last quarter

Within the last year

It’s been a while

Never done one.

Comments?

Question Title

* 11. Are you maxing out your current retirement savings contributions?

Yes – the full legal limit (including catch-up contributions, if applicable)

Yes – at least as much as the discrimination testing limits will allow

Not yet

Not sure

Other (please specify)

NAPA Net - Polling Places 012216

How Are You Managing Your Retirement Account(s)?

Question Title

* 1. What size plans do you PRIMARILY work with?

Question Title

* 2. How long have you been working with retirement plans?

Question Title

* 3. Are you covered by a traditional defined benefit (pension) plan?

Question Title

* 4. If you are covered by a traditional defined benefit (pension) plan, how much of your retirement income needs do you expect it to cover?

Question Title

* 5. How many IRAs do you have?

Question Title

* 6. How many workplace savings plans do you currently have (401k, 403b, 457)?

Question Title

* 7. How is/are your CURRENT workplace retirement savings account invested (I realize that if you have multiple accounts, you might be managing them differently)?

Question Title

* 8. Is your choice above your preference, or is it limited/restricted by choices in your current employer plan?

Question Title

* 9. When was the last time you rebalanced that retirement portfolio?

Question Title

* 10. When was the last time you did a retirement needs projection for your own situation?

Question Title

* 11. Are you maxing out your current retirement savings contributions?

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* 12. What's the ONE piece of retirement savings advice that you give participants/plan sponsors that you most commonly ignore in your own account(s)?

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* 13. Any other comments about retirement savings advice and/or telling others to do things you don't always do for your account(s)?

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* 14. Suggestions for future survey questions?