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November 13th, 2020 Information & Insights for the 403(b) Community Increasing Participant Trust in Retirement Plans and Sponsors Plan sponsors should tout the ways they are helping participants with their plan designs and good governance processes. Teaching Employees About Taxes in Retirement Understanding how taxation works can help with making the right savings decision and establishing the right distribution strategy. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Vanguard Tests Approach to Decumulation: The ‘Dynamic Spending Rule’ Simply put, the strategy prescribes lowering spending following market declines to help preserve the balance of a portfolio, which, ostensibly, stands to benefit from market rebounds, Vanguard says. IRS Updates Mortality Tables for Calculation of RMDs The agency says the purpose of the updates is to allow retirees to retain more savings in their accounts in case they live longer. Pension Fund Climate Change Lawsuit Settles A case in Australia could have implications for duties of retirement plan fiduciaries around the world. Voya Introduces Digital Personalized Budgeting Tool The company says it hopes to enable people to create a monthly budget for spending and saving, including emergency funds. A Break From the Grind This little girl, just doing her school work, has made me laugh harder than I have in all of 2020. So, I just had to share. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850