Current statements of all retirement accounts owned by each spouse such
as company pension plans, 401 (K) s, 403 (b) s, 457's Thrift Savings Plans, TIAA - CREF, Traditional and Roth IRA's, SEP IRA's.
Aside from accounts (such
as my company pension) where I have no choice but to buy mutual funds, I avoid mutual funds altogether.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on
pension plan assets and the impact of future discount rate changes on
pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the
Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In his current role
as President and Chief Strategist of Optimize Advisors, Mike uses pioneering and proprietary artificial intelligence technology to advise hedge funds, banks,
pensions, mutual funds, insurance
companies, and family offices in the effective use of listed options for enhancing returns and managing risk.
To that point, 92 percent of the 3,500 - plus readers who had taken our survey
as of Dec. 4 said they would not roll over their 401 (k) funds into a
company pension plan.
The collapse raises fears for the jobs and
pensions of the 43,000 people employed by the
company worldwide
as well
as questions over what will become of the 450 projects the U.K. government has employed the
company to carry out.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8)
company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13)
pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to
as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined
company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined
company, to retain and hire key personnel.
As boomers know, the longstanding tradition of
company pension plans has been disappearing in favor of 401 (k) plans.
In addition,
as discussed in 3M's Form 8 - K dated March 15, 2018, the
Company adopted Accounting Standards Update (ASU) No. 2017 - 07 relative to the presentation of
pension and postretirement benefit costs in the first quarter of 2018 with retroactive impact to prior periods.
The PBGC is a government oversight organization that guarantees individuals»
pension and serves
as a backstop in the event a
company goes bankrupt.
-- Leah Miller, CEO of Red Anchor Wealth Management, a
company that creates custom retirement coordination of the major impactors of modern retirement, such
as Medicare, Social Security,
pension, 401 (k) distribution, and investments.
Prohibited Transaction Exemption 84 - 24 for Certain Transactions Involving Insurance Agents and Brokers,
Pension Consultants, Insurance
Companies and Investment
Company Principal Underwriters, 49 FR 13208 (April 3, 1984),
as corrected 49 FR 24819 (June 15, 1984),
as amended 71 FR 5887 (Feb. 3, 2006), and
as amended 81 FR 21147 (April 8, 2016).
Companies with patriotic - sounding names and flag - waving websites court military retirees
as well
as teachers, firefighters, police officers and others who have
pensions.
After acquiring the rights to a future income stream (such
as a retiree's
pension payments), these
pension purchasing or structured settlement
companies, sometimes called «factoring
companies,» may turn around and sell these income streams to retail investors, often through a financial advisor, broker or insurance agent.
The introductory clause is amended to reflect the June 9, 2017 applicability date of that section,
as follows: «On or after June 9, 2017, if the insurance agent or broker,
pension consultant, insurance
company or investment
company Principal Underwriter is a fiduciary within the meaning of ERISA section 3 (21)(A)(ii) or Code section 4975 (e)(3)(B) with respect to the assets involved in the transaction, the following conditions must be satisfied, with respect to the transaction to the extent they are applicable to the fiduciary's actions -LSB-.]»
[31] Therefore, from June 9, 2017, until January 1, 2018, insurance agents, insurance brokers,
pension consultants and insurance
companies will be able to continue to rely on PTE 84 - 24,
as previously written, [32] for the recommendation and sale of fixed indexed, variable, and other annuity contracts to plans and IRAs, [33] subject to Start Printed Page 16917the addition of the Impartial Conduct Standards.
Prohibited Transaction Exemption 84 - 24 for Certain Transactions Involving Insurance Agents and Brokers,
Pension Consultants, Insurance
Companies, and Investment
Company Principal Underwriters, is amended
as follows:
Although high finance obviously has been shaped by the Industrial Revolution's legacy of corporate finance, institutional investment such
as pension fund saving
as part of the industrial wage contract, mutual funds, and globalization along «financialized» lines, financial managers have taken over industrial
companies to create what Hyman Minsky has called «money manager capitalism.»
(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan»
as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974,
as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee
pension benefit plans,
as defined in Section 3 (2) of ERISA, multi-employer plans,
as defined in Section 3 (37) of ERISA, employee welfare benefit plans,
as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future
as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the
Company (collectively, the «
Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the
Company or (ii) the
Company or any ERISA Affiliate (
as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.
Even
as stock market rose last year,
pension funding levels at America's biggest
companies in 2014 fell to levels not seen since just after the financial crisis.
Rather than paying these
pensions out of current income
as it is earned or plowing their earnings back into investment in their own business,
companies take their income and «financialize» it by buying stocks and bonds for their
pension funds.
The Financial Accounting Standards Board (FASB) introduced a new accounting standard that requires
companies to present service cost
as the only operating component of periodic
pension costs on the income statement.
When I said that the cult of equity was dying, what I meant was that those investors and those liabilities structures such
as pension funds and insurance
companies that have depended on a 6.5 % constant real return from stocks such
as we've have had over the past century are bound to be disappointed.
Some 70 % of shares in U.S. - listed
companies today are held by mutual funds,
pension funds, insurance
companies, sovereign funds, and other institutional investors, which manage them on behalf of beneficiaries such
as households, pensioners, policy holders, and governments.
New investors include biopharmaceutical
company Bristol - Myers Squibb, healthcare
company Johnson & Johnson Innovation — JJDC, Inc. (JJDC)
as well
as private equity investor Schroder Adveq, and the MAN
Pension Trust.
As savers,
pension funds and insurance
companies sought relief from the pain of low interest rates, the issue now is «whether they ended up taking up risks that were greater than they realized,» said Donald Kohn, the Fed's former vice chairman under Bernanke.
Our global sales function connects Morgan Stanley's resources with our institutional clients, such
as banks, insurance
companies, hedge funds, money managers,
pension funds and mutual funds.
Employees are interested in annuities and might need that guaranteed source of income
as the first wave of workers lacking
company pensions moves closer to retirement.
The (workers
pension) money is put into
company stock,
as in Enron or Bear Stearns.
As fewer
companies offer
pensions and Social Security makes up a smaller percentage of the average retiree's income, individuals will have to rely more on their own savings for living in retirement.
The
Pensions Regulator confirmed discussions with the
company were taking place,
as control of the retailer shifts to Hamleys toy shop owner C.banner International Holdings.
Other
company benefits, such
as a 401 (k) or
pension plan, help you build retirement security over time.
Teachers»
pension funds in these 12 states hold stocks in such gun
companies as American Outdoor Brands and Sturm Ruger & Co..
Classifying
pensions as senior debt won't stop bankruptcies if a
company can't change with the market, but that's no reason for johnny - come - lately PE firms to ignore unfunded
pension liabilities so they can take the cash & run.
The benefits wouldn't be quite
as expansive
as for full - time employees, but in the scenario he imagines, «each
company puts in a little bit, the drivers put in a little bit, and they can use it for heath care or their
pension or whatever they want.»
The Canada
Pension Plan Investment Board (CPPIB), meanwhile, invested $ 250 million in Markit
as part of the
company's IPO in 2014, which at the time represented a 6 % ownership stake.
The general partner is an entity through which the fund managers make management, disposition and other decisions related to the fund's investments and business affairs, and the limited partners are passive investors, such
as pension funds, foundations, insurance
companies and high net worth individuals.
While employers would be required to pay one half of the cost of the modest premium increase required to finance an enhanced CPP,
companies which sponsor defined benefit
pension plans would not face additional costs since the great majority of these plans are fully integrated, meaning that they would pay out less
as CPP benefits were increased.
While debt consolidation
companies offer loans to individuals with tarnished credit, they usually require proof of income such
as pension or salary.
Speakers include senior representatives from the Province of Ontario and the Government of Canada,
as well
as Dominic Barton, Global Managing Director, McKinsey &
Company; ABLAC Chair Rajiv Lall, CEO of India's IDFC Bank; BMO Financial Group Vice-chair Kevin Lynch; Mark Machin, ABLAC Vice-chair and President & CEO of Canada
Pension Plan Investment Board; Global Affairs Canada's Jonathan Fried; and, APF Canada President and CEO, Stewart Beck.
The 401 (k) was originally developed
as a supplement to traditional defined - contribution (
pension) plans, but
company cost - cutting over the years means that the 401 (k) has become one of the primary ways Americans save for retirement.
Typically, they are institutional investors, such
as a
pension fund, insurance
company, a university endowment but can also be high net worth individual and family offices.
The
Company raises, invests and manages funds on behalf of
pension, endowment and sovereign wealth funds,
as well
as other institutional and individual investors.
But rather than supporting the idea that all Canadians should have comfortable retirements — say, by reforming CPP, and protecting private sector employees against
company bankruptcy — the authors see public sector
pensions as just more «premium.»
With the ECB, BoJ and certainly the Feds, the dynamic hedges are missing from the market, but they are going to resurrect themselves
as more paper winds up in the hands of private holdings whether it be by
pension funds or insurance
companies.
An overwhelming majority of ESOP
companies have other retirement and / or savings plans, such
as defined benefit
pension plans or 401 (k) plans, to supplement their ESOP.
Those increases have drawn the notice of institutional investors, such
as pension funds and insurance
companies, which have turned to real estate
as low interest rates have reduced returns from other steady investments, such
as bonds.
Concerns focused on the profitability of banks, insurance
companies and
pension funds,
as well
as on the increase in corporate
pension obligations.
Other significant buyers of U.S. Treasury debt, such
as pensions and insurance
companies, may continue to reallocate to fixed - income holdings to better align their assets with their liabilities.
The volume of real estate debt, auto debt, student loans, bank debt,
pension debts by municipalities and states
as well
as private
companies exceed their ability to pay.