mutual fund advice

ING Study Reveals Retirement Paradoxes

ING Study Reveals Retirement Paradoxes

(Vocus/PRWEB) April 04, 2011

A majority of Americans find retirement planning confusing and overwhelming and are looking for additional help, according to a white paper and study by the ING Retirement Research Institute. Based on a quantitative and qualitative study of more than 2,600 Americans(1) conducted by the Boston Consulting Group, ING found that while Americans highly value their workplace retirement savings plans, they are also looking for even more guidance and resources from their employers to help them further their retirement goals.

According to the findings, less than half of the respondents (48%) indicated that they feel “in control” of their retirement plan investments. The study, entitled “Shedding Light on Retirement,” found that while consumers want control and empowerment of their money, the expectation is that their employers, advisers and financial providers will help guide them. Importantly, workers also want regular contact from their employers about retirement advice and services. The study found that 89% of respondents want help allocating their investments, and 86% want guidance calculating their financial needs in retirement, with nearly as many (84%) saying that they want solutions for calculating and creating retirement income.

“Most Americans are busy with their jobs, their families and their personal pursuits, and say that they don’t have the time or interest to become experts in retirement planning,” said Lynne Ford, CEO of ING Individual Retirement. “The results from our study were clear: Americans want a roadmap to help them navigate to and through retirement.”

The study also highlighted that consumers seek this direction in a set of tools and services that enable them to develop clear and actionable short- and long-term goals. More than three-quarters of Americans (80%) said they found it important to seek specific tools and services to provide advice on how to calculate financial needs for retirement. Other areas where Americans found specific tools and services to be important included providing advice on how to allocate retirement savings (79%) and providing an annual “financial checkup” to set and measure progress (78%).

“As a whole, consumers highly value choice, yet too much can be overwhelming,” said Ford. “Consumers also value the control to make their own retirement-planning decisions but want detailed instructions on how to accomplish their financial objectives.”

ING introduces Consumer-friendly Website, RetireWithING.com

To help Americans with clear information about retirement, the company has introduced a new website, RetireWithING.com. The site aims to help people make informed decisions about retirement while making it easy for them to consult with an ING retirement professional if they desire personal guidance about what to do with their retirement savings or income planning.

A key attribute of the website is clear language. “We intentionally shied away from using financial jargon,” Ford said. “The emphasis is on learning and motivating people to talk to someone so that they will take action.”

Visitors have three primary choices when navigating from the homepage: They can answer three basic questions to get advice targeted to their retirement needs, choose from a second menu of choices such as “Learn the Basics;” “Ready to Invest;” or “Talk to Someone;” or they can consider help from life-stage options such as “Starting a New Job;” “Between Jobs;” “Family Changes;” or “Considering a Rollover.” Each page of content focuses on a particular learning point and offers visuals and interactive components to help teach each idea.

Press Inquiries:

Philip Margolis

ING                        

(860) 580-2676

phil(dot)margolis(at)us(dot)ing(dot)com

About the ING Retirement Research Institute

The ING Retirement Research Institute challenges the status quo in the financial services industry by leveraging pioneering behavior-based research to develop and offer unparalleled education and resources to customers. Supporting ING’s thought leadership in guiding consumers to and through successful retirement, the Institute partners with leading industry and academic authorities in the behavioral finance arena to conduct targeted market research across all segments of the retirement industry. These findings are then used to create tools and programs that encourage and motivate positive retirement planning behaviors. For more information, visit INGRetirementResearch.com.

About ING

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 107,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

In the U.S., the ING (NYSE: ING) family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, institutional investment management, annuities, employee benefits and financial planning. ING holds top-tier rankings in key U.S. markets and serves approximately 22 million customers across the nation. For more information, visit http://www.ing.us.

(1)The Shedding Light on Retirement report references a variety of ING-proprietary research, but primarily a qualitative and quantitative study for ING by the Boston Consulting Group. That research was conducted in May through August 2010, and it represents the online responses from 2,630 retirement investors as well as qualitative interviews with 45 consumers. The Boston Consulting Group is not a member of the ING family of companies.

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Q&A: My 401k Mutual fund picks/ are these good? ADVICE!?

Question by Babygirl: My 401k Mutual fund picks/ are these good? ADVICE!?
Below is what my employer has for our Mutual 401k. I contribute 10% to it which is then distributed throughout the different funds. are thses good funds? should i contribute more to one then the other? just wondering othere people expertice

Funds Aggressive Moderate Conservative
BLACKROCK S & P 500 INDEX FUND- 9%
HOTCHKIS AND WILEY LARGE CAP VALUE-9%
RS PARTNERS FUND – 18%
ING INTERNATIONAL VALUE FUND-24%
PIMCO TOTAL RETURN FUND-20%
INTEREST INCOME FUND-20%
im 21 so im looking for the long run
can u identify what each fund is International, domestic ,stock , bonds ects…

Best answer:

Answer by engineer50
Conventional wisdom says that your allocation should depend on your age (time till retirement). If you are in your 20s, probably 90% should be in stock funds. If you are within 10 years of retirement, perhaps 50% should be.

In general, you want exposure to both domestic and foreign stocks, and investment grade bonds. They generally look OK except for the RS Partners fund – I’d stay out of that one – too new and too expensive.

What do you think? Answer below!

Philadelphia Area Firm Launches Unique Approach to Accelerate Entrepreneurial Business and Job Growth

Philadelphia Area Firm Launches Unique Approach to Accelerate Entrepreneurial Business and Job Growth

Langhorne, PA (PRWEB) October 19, 2011

Entrepreneurs who want to accelerate business growth and create jobs in the Philadelphia region have a new partner in Novotorium, a unique organization that can help them take the next big step. Businesses that have already launched and are not achieving their goals as aggressively as planned are ideal candidates to apply to become part of Novotorium.

“Our business model offers entrepreneurs the opportunity to work with our internal team, mentors, advisers, and other emerging companies in our collaborative, open-innovation environment,” according to Novotorium leader Mike Krupit. “Novotorium provides these companies with assistance to set them onto a course of sustainable growth, profitability and job creation.”

“Seed-stage startup businesses receive a tremendous amount of support from nationally-known organizations such as TechStars, Y-Combinator, and Philadelphia’s Dreamit Ventures,” said Krupit. “They fill important needs in the entrepreneurial eco-system. Novotorium is different.”

Traditional incubators focus on helping companies that are just starting out and need things such as a basic business plan, a prototype product or service, or an operational strategy. Novotorium is designed to help companies whose needs are beyond the scope of seed-stage incubators but may not be ready or able to achieve organic growth on their own. Novotorium’s approach for entrepreneurs is unique because it does not charge fees and does not require compensation in the form of equity as pre-requisites to becoming part of the program.

Novotorium features a dynamic mix of office space designed for collaboration and open innovation, powerful connections to experienced mentors and advisers in a range of specialties, and the prospect of capital investment. Entrepreneurs work with Novotorium for an initial three month period which may be renewed multiple times as long as mutually beneficial. The open environment encourages the exchange and collision of ideas, experiences, and insights of entrepreneurs, mentors, and advisers, creating greater opportunities for innovation.

Entrepreneurs interested in learning more about how Novotorium can help them are encouraged to review the website http://www.Novotorium.com and apply. Novotorium is also continuing to add to its network of advisers and mentors. Inquiries from professionals interested in becoming Novotorium partners are welcome.

Novotorium will hold an open house from 5 p.m. to 8 p.m. on Tuesday, November 1, 2011, at their headquarters located at 900 Wheeler Way, Langhorne, Pa. Guests are invited to see the new space for innovation and meet the Novotorium team. It will be a great opportunity to network with like-minded entrepreneurs, advisers and mentors, in Novotorium’s open and creative environment. Food, drinks, and entertainment will be provided. Admission is free, but registration is required. Event details and registration information is on the website at http://www.novotorium.com.

About Novotorium:

Novotorium is an independent, private sector initiative funded by the Baron Innovation Group, and based in Langhorne, Bucks County, Pennsylvania. Novotorium provides the environment, advice, services, and funding that are needed for entrepreneurs who strive to accelerate their emerging companies. Novotorium’s unique approach helps entrepreneurs cross the chasm to achieve sustainable growth and profitability. For more information about Novotorium visit http://www.novotorium.com.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

like to know anybody can advice in mutual funds?

Question by jose_jose378: like to know anybody can advice in mutual funds?
need to put some money in mutual funds or stocks that can increase my money anybody can give me some tips

Best answer:

Answer by thirdbaseman125
mutual fund will be better than stocks, look at mma’s and cd’s

Know better? Leave your own answer in the comments!

Paying for financial advice with Ted Rechtshaffen and Rob Carrick

Ted Rechtshaffen, President and CEO of TriDelta Financial Partners, and Rob Carrick discuss paying for financial advice. * What are the three models of how and adviser is paid? * Are fees paid to advisers tax-deductable? * How confident can an investor be in an adviser who is making a profit from the products they sell? TheInvestor Education Fund is pleased to be cosponsoring this video series with the Globe and Mail called “Lets Talk Investing.” The series is hosted by renowned Globe and Mail columnist Rob Carrick and features prominent Canadian financial experts discussing topics that are relevant to investors. www.getsmarteraboutmoney.ca

Why should someone pay for finical advice when the broker is investing their money into mutual funds?

Question by Larry W: Why should someone pay for finical advice when the broker is investing their money into mutual funds?
The broker is paid a commisision. Plus, the broker gets the fee for the advice. I have to pay internal investment management fee inside the mutual fund. It does not appear that the broker is managing the investment.

Best answer:

Answer by Amanda
The advisor helps pick a suitable mutual fund. Believe it or not some 20-somethings think they should invest only in bonds and some middle income 60-somethings think they should only invest in international emerging stocks. People just don’t know.

Add your own answer in the comments!

The Pros and Cons of Mutual Funds and ETFs

www.moneyshow.com Investment experts discuss the pros and cons of investing in mutual funds and ETFs. Learn more, free, at MoneyShow.com.

Kiplinger.com Highlights: March 2008

Kiplinger.com Highlights: March 2008

WASHINGTON (PRWEB) February 19, 2008

(Due to their length, these URLs may need to be copied/pasted into your Internet browser’s address field. Remove the extra space if one exists.)

About Kiplinger

Kiplinger.com (http://www.kiplinger.com) offers the same great advice that appears in Kiplinger’s Personal Finance magazine, plus additional features that include interactive tools and calculators, daily personal finance features, stock and mutual fund quotes, Web-only columns offering timely insights into today’s trends, personal finance tutorials, and up-to-the-minute business news from the new Kiplinger Business Resource Center. Founded in 1920 by W.M. Kiplinger, the Kiplinger organization developed one of the nation’s first successful newsletters in modern times. In 1947, the company launched the nation’s first personal finance magazine, Kiplinger’s Personal Finance. Recently, the Kiplinger organization was named one of the “World’s Most Ethical Companies” List by Ethisphere Magazine, and was nominated a 2007 finalist in the MINs Best of the Web awards for the redesign/relaunch of Kiplinger.com.

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

is a mutual fund a smart investment with 50.00 a week, or are there better options for a good future?

Question by rpmx2: is a mutual fund a smart investment with 50.00 a week, or are there better options for a good future?
I want to invest in a fund that will generate money in the future whether it be a mutual fund or something else. I need advice on getting started with a small amount of money, such as weekly or a monthly investment. Is it a good move to rely on a mutual fund when there are so many risks. Is there a wiser investment?

Best answer:

Answer by Chris H
It’s not a bad thing to do. That being said, index funds tend to grow about the same as mutual funds over long periods of time and have lower expense ratios/fees. It would be worth looking into an index fund (like the QQQ).

What do you think? Answer below!

Mutual Funds Portfolio Management-An investment option that offers customized investing

Financial markets today offer enormous growth potential. But managing your own investments can be an extremely challenging task. Anticipating market trends, assessing the impact of socio-economic changes on your investments, keeping abreast of latest corporate developments and financial analysis all adds up. Managing one’s investments can become nearly a full-time affair that requires considerable time and expertise.

During your journey of life, you need to make numerous plans and take important decisions. Some of these decisions have strong financial implications and can alter the course of your life and when it comes to investing your hard earned money, you need to partner with someone you trust, one who will make your money work hard.

The idea of Portfolio management is to overcome the pace of change in business landscape and provide investment avenues to stay ahead of the risk return curve and generate positive returns consistently over a period of time.

During times of intense market volatility, it can be difficult to know what, if anything, you should do. Staying calm, keeping your sense of perspective, taking a rational look at your investments, and seeking the advice of a professional are all smart strategies you can follow.

The desire to grow money is a natural instinct. But as simple as the desire is, the process to do so is just as complex. It is believed that growing and protecting the wealth of an investor is an art.

Just as art is the culmination of talent and experience in an artist, so also growing money depends on the natural instinct and experience of a financial manager. Nowadays financial managers use their combined talents and experience to build up your mutual funds portfolio of investments with an endeavor to bring out the best in it.

 What is PMS?

Portfolio Management Services (PMS) is a sophisticated investment vehicle that offers a customized investing into stocks, fixed income products, cash, other structured products and mutual funds units etc. to meet specific investment objectives. Though, PMS is managed by a professional financial managers, it has potential to address the personal preferences tailored into the investment portfolio giving the freedom and flexibility required for achieving the financial goals.

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Different ways in which PMS can be managed :

Discretionary PMS: This service gives the flexibility and freedom to financial manager to operate on behalf of the investor fully. The financial manager can choose the investment avenue and may decide the appropriate time for the transaction. Further, he implements the investment decisions.

Non-Discretionary PMS: Under this service, the financial manager recommends the investment ideas. Appropriate time to execute the transaction is left up to the investor. However the execution is done by the financial manager.

Advisory PMS: Under this category of services, the financial manager only suggests the investment ideas. The choice as well as the execution of the investment decisions rest solely with the investor.

 In India majority of PMS providers offer Discretionary Services.

PMS benefits investor in the following ways:

 1.Professional Management – PMS is provided by qualified and professional financial managers with the objective to deliver consistent long term performance while controlling risk.

2.Continuous Monitoring – It is important to recognize that portfolios need to be constantly monitored and periodic changes should be made to optimize the results.

3.Risk Control – The financial manager employs a qualified research team to establish the investor’s investment strategy and providing the information to the investment manager. This also helps in reducing the investment related risks up to significant extent.

4.Hassle Free Operation – The financial manager gives the investor a customized service. He takes care of all the administrative aspects of the investor’s portfolio with a periodic reporting on the overall status of the portfolio and performance. The financial manager provides various types of reports to his investors on a regular basis. These reports are related to the transactions made on their behalf, current holdings of the investment portfolio and realized profits and losses to name a few.

5.Flexibility – The financial manager has fair amount of flexibility in terms of investing patterns and procedures. He can create a reasonable concentration in the investor portfolios by investing disproportionate amounts in favour of compelling opportunities.

6.Transparency – PMS provides comprehensive communications and performance reporting. Investors will get regular statements and updates from the financial manager. The account statements will give investor a complete picture regarding the securities held on his behalf. These reports help investor in understanding and measuring their tax liabilities. All kinds of direct taxes (Income Tax) have to be borne and paid by the investor.

7.Customized Advice – PMS gives selected investors the benefit of tailor made investment advice designed to achieve their financial objectives.

8.Personalized Approach – In PMS, investor may gain direct personalised access to the professional financial managers who actively manage his investment portfolio.

So, you earn money in bagfuls, but don’t have the time to manage it. If this description fits you, do consider entrusting your money to mutual funds portfolio management services (PMS).

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