Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 2nd, 2017
Benefits & Administration
Retirement Planners Want to Know How Much They Can Spend
Investors planning for their post-employment years, as well as those already in them, want to know what they will be able to spend annually, a survey from Dimensional Fund Advisors found. Twenty-eight percent of those planning for retirement said that is the most valuable information an adviser can provide them. Additionally, of the nearly 19,000 investors responding to the global survey, 28% said their likelihood of achieving their retirement goals is the most important information their adviser can provide.Read more >
Most Americans Oppose Limiting Pre-Tax Deferrals to DC Plans
Fifty-seven percent of Americans somewhat or strongly oppose reducing the maximum amount employees can defer into a defined contribution (DC) plan to $2,400 per year, according to a POLITICO/Morning Consult poll. Tax reform proposals have suggested that anything above that be contributed on an after-tax, or Roth, basis. Nearly one-third of survey respondents said if this provision of tax reform is passed, it will cause them to save less in their retirement accounts.Read more >
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