Soltis annual conference completed at Deer Valley
May 6, 2009
Investment advisory firm Soltis, held an educational conference at Deer Valley Resort last Friday entitled "Being Confident in a Perfect Storm."
The purpose of the conference was to help companies become confident in providing the leading retirement benefits for employees and to ensure that companies are remaining in compliance with ERISA guidelines. Soltis introduced two retirement goals for the next year encompassing two unique programs for its clients, including a Financial Tune-Up for plan participants and an ERISA 404(c) Compliance and Plan Document Review.
Kim Anderson, vice president over retirement plan services, said about 31 companies attended and the conference helped them act confidently in advising retirement program participants on how best to prepare amidst the current economic difficulties.
Anderson said the main piece of advice he offers is to encourage program participants to take advantage of opportunities to receive advice. Problems occur when people invest or don’t invest out of fear. Hence the theme of the conference of acting with confidence in troubled times.
Retirement-planning information is available at many companies, but getting participants to take advantage is the challenge, he said.
"We want to make sure people are well-positioned for the long-term. Fear makes people make decisions that are not in their best interest. Right now is a good time to be putting new money into a market it buys stocks that are at all-time lows right now," he said.
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Although some companies are doing away with their 401k matching programs to cut costs, Anderson said he believes those will return when the economy improves. Taking full advantage of matching programs is one of the best things a person can do to prepare for retirement, he said.
Soltis will post audio files from the conference at its website, http://www.soltisadvisors.com , for people interested in learning more. The link is available under "Press" and "Research."