Charles Schwab Encourages 401(k) Financial Fitness in New Year.Eight Retirement Resolutions for 2008 SAN FRANCISCO -- As many Americans prepare to make their 2008 New Year's resolutions, Charles Schwab is encouraging workers to put financial fitness and retirement readiness at the top of their lists. As 401(k) plans quickly become the primary source of retirement savings in this country, Schwab has identified eight timely issues that employees who have access to 401(k) or other employer-sponsored retirement plans should watch in 2008. [TABLE OMITTED] "Whether you are planning to retire next year or 40 years from now, it is crucial that everyone review their 401(k) investments on a regular basis and take advantage of the services provided by employers," noted Catherine Miller, vice president of 401(k) education at Charles Schwab. "Knowing what to look for and being proactive goes a long way toward ensuring that you'll be ready for retirement." About Schwab Corporate & Retirement Services Schwab Corporate & Retirement Services provides a broad range of investing services through the workplace, including through employer-sponsored retirement plans direct to corporations or through a nationwide network of more than 300 retirement Third Party Administrators (TPAs). The enterprise also offers the Schwab Personal Choice Retirement Account[R] and provides employee equity compensation plan services and corporate brokerage services, in addition to a range of recordkeeping, custodial and trustee services, which are available through The Charles Schwab Trust Company. Schwab Corporate & Retirement Services also includes Charles Schwab Clearing Services (CSCS CSCS Certified Strength and Conditioning Specialist CSCS Center for the Study of Complex Systems (University of Michigan) CSCS Construction Skills Certification Scheme (UK) CSCS Center for Surface Combat Systems ), which provides mutual fund trading, settlement, and related clearing services to banks, brokerage firms and trust companies. As of September 30, 2007, assets held in Schwab Corporate & Retirement Services stood at $235.2 billion. About Charles Schwab The Charles Schwab Corporation (Nasdaq:SCHW SCHW Silver Chitin Handwraps (Everquest gaming) ) is a leading provider of financial services, with more than 300 offices and 7.0 million client brokerage accounts, 1.2 million corporate retirement plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. , 229,000 banking accounts, and $1.5 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. , http://www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment Fee-Based Investment An investment account in which the advisor's compensation is based on a set percentage of the client's assets instead of on commissions. Contrast this to commission-based investment, in which the advisor makes money based on the amount of trades made or the advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Schwab Institutional division. The Charles Schwab Bank, N.A. (member FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). ) provides banking and mortgage services and products. More information is available at www.schwab.com. Schwab Personal Choice Retirement Account([R]) (PCRA PCRA Petroleum Conservation Research Association PCRA Personal Choice Retirement Account (Schwab) PCRA Post-Conviction Relief Act (Pennsylvania) pcrA pyrroline-5-carboxylate reductase ) is offered through Charles Schwab & Co., Inc. (Member SIPC), a registered broker/dealer which also provides other brokerage and custody services to its customers. (c) 2007 Charles Schwab. All rights reserved. (1207-7381) |
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