BEGIN:VCALENDAR METHOD:PUBLISH PRODID:Ball State University Calendar - event reminder VERSION:2.0 BEGIN:VTIMEZONE TZID:US-Eastern BEGIN:STANDARD DTSTART:19671029T020000 RRULE:FREQ=YEARLY;WKST=MO;INTERVAL=1;BYMONTH=11;BYDAY=1SU TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST END:STANDARD BEGIN:DAYLIGHT DTSTART:19870405T020000 RRULE:FREQ=YEARLY;WKST=MO;INTERVAL=1;BYMONTH=3;BYDAY=2SU TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT PRIORITY:5 CLASS:PUBLIC STATUS:CONFIRMED TRANSP:OPAQUE SEQUENCE:0 UID:BallStateCalendar DTSTAMP;TZID=US-Eastern:20130503T110647 CREATED;TZID=US-Eastern:20130503T110647 LAST-MODIFIED;TZID=US-Eastern:20130503T110647 DTSTART;TZID=US-Eastern:20121129T163000 DTEND;TZID=US-Eastern:20121129T190000 SUMMARY;ENCODING=QUOTED-PRINTABLE:Terry Zivney | Distinguished Professor Lecture DESCRIPTION:IS YOUR SIX PERCENT 401(K) CONTRIBUTION A PLAN OR A PRAYER\n\n\n\nMany financial pundits suggest that employees contribute six percent of their wages to their retirement account. Most employers who provide partial matches to their employees’ contributions limit that match to the first six percent. As a result, many sponsors of traditional defined benefit plans, especially public employee plans, question whether they should continue to fund in excess of six percent since that seems adequate to many participants.\n\nThe goal of a retirement plan should be to accumulate adequate wealth to provide sufficient income during retirement. Extensive research has been conducted examining the maximum amount a retiree can safely expect to withdraw from their retirement savings, yet relatively little research has explored integrating the savings (accumulation) and withdrawal decisions. Terry Zivney’s presentation investigates what rate of savings contributions is necessary to plan for a safe retirement in a 401(k) – 403(b) world. X-ALT-DESC;FMTTYPE=text/html:\n\n\n\n\n\nIS YOUR SIX PERCENT 401(K) CONTRIBUTION A PLAN OR A PRAYER\n\n\n\nMany financial pundits suggest that employees contribute six percent of their wages to their retirement account. Most employers who provide partial matches to their employees’ contributions limit that match to the first six percent. As a result, many sponsors of traditional defined benefit plans, especially public employee plans, question whether they should continue to fund in excess of six percent since that seems adequate to many participants.\n\nThe goal of a retirement plan should be to accumulate adequate wealth to provide sufficient income during retirement. Extensive research has been conducted examining the maximum amount a retiree can safely expect to withdraw from their retirement savings, yet relatively little research has explored integrating the savings (accumulation) and withdrawal decisions. Terry Zivney’s presentation investigates what rate of savings contributions is necessary to plan for a safe retirement in a 401(k) – 403(b) world.\n\n LOCATION;ENCODING=QUOTED-PRINTABLE:Forum Room BEGIN:VALARM TRIGGER;RELATED=START:-PT00H15M00S ACTION:DISPLAY DESCRIPTION:REMINDER END:VALARM END:VEVENT END:VCALENDAR