PLANSPONSOR Weekend Newsdash
Week ending May 11th, 2018
Happy Friday, PLANSPONSOR readers! Employers are increasingly recognizing that overall financial wellness is important for helping employees save for retirement, but employees need additional knowledge to plan for their retirement years. Many want discussions with advisers to include retirement income strategies, and employees also need to learn how to manage income taxes in retirement. When it comes to planning and education tools, women say providers are not considering their unique needs, and a new Vanguard offering recognizes that even those already retired need a framework to address spending. Have a great weekend!
Editor's choice
Data and Research
Employers See Value of Offering Financial Wellness Programs
“Our survey reveals that employers and employees report higher satisfaction with their benefit plans when financial wellness programs are offered,” says Vishal Jain, financial wellness officer for Prudential’s Workplace Solutions Group.Read more >
Data and Research
Investors Want Adviser Discussions to Expand Beyond Risk to Retirement Income
While 80% of investors say their adviser discusses risk tolerance, only 50% say they bring up the subject of guaranteed lifetime income.Read more >
Participants
Income Taxes Follow Participants Into Retirement
As more American workers are expecting to rely on defined contribution (DC) plans and individual retirement accounts (IRAs) to fund their retirement years, concerns are growing about how to best manage lifetime income streams. As part of this effort, according to Daniel D’Ordine, founder of DDO Advisory Services, late- and even mid-career retirement savers should start doing a lot more advanced planning about minimizing income taxes in retirement.Read more >
Data and Research
Women Say Financial Industry Caters to Men
A study points out the differences in women’s and men’s life journeys and challenges that should be considered in women’s retirement planning.Read more >
Products
Vanguard Offers Framework for Establishing a Plan for Retirement
The framework helps retirees address basic living expenses, establish a contingency reserve, account for discretionary expenses, and structure a legacy.Read more >
MOST POPULAR STORIES
2021 Recordkeeping Survey
DOL Clears Up Timing for Lifetime Income Illustrations

The agency promised to issue a final rule ‘as soon as practicable’ and recognized transition time may be needed if the final rule significantly differs from its interim final rule.

Giving Employees the Financial Wellness Help They Want
Offering an array of benefits—addressing both physical and financial wellness—and implementing personalized experiences will set employees up with what they need.
2020 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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