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week ending August 7th, 2020
COVID-19 and its impacts have raised questions over what retirement income will look like in the future. An American Century Investments survey reported 40% of participants are concerned about running out of money in retirement, while other reports found that despite maxing out on their 401(k), some participants are remaining optimistic. Additionally, many employees are still unsure of what Social Security will offer during retirement, especially younger workers. Experts argue a U.S. sovereign wealth fund could benefit retirement income, and others say the U.S. can learn from countries who push retirement savings preservation.
Editor's Choice
Volatility Brings Focus on Sustainable Retirement Income
Participants are looking to their employers to offer a retirement income solution, while interest in ESG investing among retirement plan participants continues to increase.
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Data and Research
Participants Maxing Out Their 401(k) Remain Confident
But those who fall short on saving are experiencing financial stress.
Editor's Choice
Data and Research
Employees Not Sure What Social Security Will Offer
While many say they will depend on Social Security for retirement income, at least one study finds retirees are not getting as much as they expected.
Editor's Choice
Social Security Burdens Fall on Younger Workers
As unemployment rises and employees retire sooner, experts say Social Security will be exhausted faster than predicted.
Editor's Choice
Data and Research
Different Views About Retirement Plans Shaped COVID-19 Responses Globally
The U.S. can learn from other countries about instilling the mindset of preserving retirement savings and creating different pools of assets to be dipped into in case of emergency.
Popular Reads
EARN Act Clears Senate Finance Committee
For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote by the full chamber.
2021 Recordkeeping Survey
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and on appeal.
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