| | Webcast Event | | Effectively educating participants cannot be
narrowly defined as “retirement education,” but must be viewed more
comprehensively—call it “financial wellness education.” Armed with
basic financial skills, most employees are better prepared to take on the
multifaceted challenges of achieving retirement success. The path to retirement
readiness is one best followed in incremental steps that build knowledge and
confidence over time, accommodating each participant’s level of sophistication
and desired learning pace, as well as every phase of a person’s life. In this
webcast, our speakers will analyze the employee education landscape, discuss
the impact of financial wellness education on retirement readiness, and share
best practices for creating an end-to-end education strategy.Read more > | | | Benefits & Administration | | DC Plans Important to Retirement Income Strategies | | Some financial professionals suggest individuals
set up different ‘buckets’ for retirement income, and defined contribution (DC)
retirement plan sponsors can help them do so. Harold Evensky, chairman, Evensky
& Katz/Foldes Financial in Coral Gables, Florida, says one “bucket”
strategy is based on time or age: individuals would have a “bucket” of assets to
use from age 65 to 75, another to use from age 75 to 85, and another for after
age 85, for example. The bucket approach Evensky has suggested since the 1980s
is a split between a cash flow reserve and an investment component. Some of an
investor’s portfolio needs to be invested over a long time horizon to maximize
risk, he explains. But, for income needed in the short term, investors need to
minimize risk. DC retirement plans can offer options to help participants with
these ‘bucket’ strategies.Read more > | | Due to a decrease in liability values and flat
asset values, the aggregate funded ratio for U.S. corporate pension plans
increased 2.2% for the month of April. According to Wilshire Consulting, the
funded ratio for April was 83.8%, up from 81.6% in March.Read more > |
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