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| Benefits & Administration |
| Retirees Say Income Replacement Needed Not As High As Pre-Retirees Think |
| Retirees are considerably less concerned than pre-retirees about their money lasting throughout retirement; they worry more about declining health, according to a survey by Massachusetts Mutual Life Insurance Co. Ninety-one percent of retirees are confident their savings will last throughout their lifetime, compared to only 56% of pre-retirees.Read more > |
| A Shift in Educating Participants—What Is Financial Wellness? |
| For years, education and communications for participants centered on investing themes; times have changed, however, and the topic of “financial wellness” is clearly gaining favor. While the interest in financial wellness among retirement plan sponsors is clear, that doesn’t mean the trend is easy to define or measure. Indeed, as noted by a panel of industry experts convened on the second day of the 2018 PLANSPONSOR National Conference, the real challenge for the industry is to make sense of what financial wellness is—and how to make the most of it for participants.Read more > |
| Retirees Find Creating a Drawdown Strategy Is Complex |
| “Having a plan in place to manage their finances can help retirees feel confident about spending their assets and address the fears that may be holding them back,” says Marcy Keckler, vice president of financial advice strategy at Ameriprise Financial.Read more > |
