Retirement plans are the cornerstone of a secure financial future. The Defined Contribution Institutional Investment Association (DCIIA) is a non-profit organization dedicated to improving Retirement outcomes of defined contribution pension plans. DCIIA is currently searching for an Investment consultant for the township's $20 million 401(a) plan and $9 million 457 plan.
DCIIA has identified four key areas that need to be addressed to ensure a secure Retirement: diversification, access to capital, cost optimization, and risk management.
To ensure diversification, DCIIA recommends that a portion of an investor's portfolio be invested in a variety of asset classes, such as stocks, bonds, real estate, and cash. Additionally, DCIIA suggests that investor consider investing in international markets, as these can provide more diversification and potentially higher returns.
Access to capital is also important for Retirement planning. Financial firms typically raise money from American investor, which has broadened the definition of Investment to include social Investment, such as those made by Stackwell, a digital Investment platform designed to eliminate the racial wealth gap. Similarly, Adani Enterprises' stock parking entity enables families to access capital without having to invest in the company's shares directly.
Cost optimization is another key factor for Retirement planning. DCIIA recommends that investor compare fees and expenses among different Investment options before making a decision. Additionally, DCIIA suggests that investor consider index funds, as they are often cheaper than actively managed funds.
Finally, risk management is essential when investing for Retirement. DCIIA recommends that investor use a variety of strategies to limit their risk, such as diversification, portfolio rebalancing, and hedging. Additionally, DCIIA encourages investor to consult with a financial advisor to help manage their risk.
DCIIA has set a goal of improving Retirement outcomes of defined contribution pension plans. To reach this goal, DCIIA is searching for an Investment consultant for the township's $20 million 401(a) plan and $9 million 457 plan. Additionally, DCIIA is committed to continuing to work towards its goal of helping people achieve secure financial futures.
