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July 22nd, 2016 |
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ASK THE EXPERTS
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| Research warns that current retirees had much less control over their own date of retirement than anticipated, implying plans to work beyond the average retirement age are generally ill-considered.Read more > |
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| Retirement Readiness an Increasing Concern for EmployersRetirement plan sponsors are increasingly becoming aware of the need for their participants to be adequately prepared to retire in a timely manner, a Willis Towers Watson survey found. Among employers that offer both a defined contribution (DC) and a defined benefit (DB) plan, 39% view their employees’ retirement readiness as a current business risk, and 44% project that it will be a risk within two years.Read more > | Participants Need Help with Variety of Financial TopicsRetirement plan participants are in the dark on a wide range of financial topics—whether it is how compounding works, the consequences of taking out a loan from a 401(k), how Social Security benefits are taxed, or student loan debt, a survey by OneAmerica finds.Read more > | Women’s Retirement Risk: What Should Plan Sponsors Know?Anna M. Rappaport, FSA, MAAA, a fellow of the Society of Actuaries (SOA) and member of the American Academy of Actuaries, suggests actions to help women better prepare for retirement.Read more > | | Empower Retirement has developed a retirement planning application for the Apple Watch. The app shows users their balances, the percentage of savings they have amassed toward their retirement goal and their projected retirement income.Read more > | | According to a new CareerBuilder survey, three in 10 employers and 17% of employees have argued with a co-worker over a particular candidate this election season, most often about Republican nominee Donald Trump.Read more > | | David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice. |
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