Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 20th, 2015
Benefits & Administration
EBRI Looks at Retirement Spending After Retirement
The first two years of retirement bring a modest drop in spending for the majority of Americans, according to new research from the Employee Benefit Research Institute (EBRI). Still, nearly half of retired households (approximately 46%) wind up spending modestly more than they did just before retirement, EBRI says. “That declines over time, and by the sixth year of retirement, just a third spend more than they did pre-retirement.”Read more >
In the third quarter of 2015 U.S. group pension buy-out sales reached $3.2 billion, according to a LIMRA Secure Retirement Institute sales survey. Trends show more small and medium-sized companies are seeking pension buy-outs, LIMRA says.Read more >