Wednesday, December 21st, 2022 A biweekly topical newsletter from PLANSPONSOR Income in Retirement Information for defined contribution (DC) plan sponsors about products, strategies and tools to help participants create retirement income. SPONSORED AD Investments Special Issue︱Retirement Income New Solutions for Retirement Income The demand for retirement income is increasing exponentially Data and Research Workers Worry About Retirement Income as Prices Spike Millennials lead Generation X and Baby Boomers in believing that they won’t receive any benefits from Social Security upon retirement.  Data and Research Public-Sector Workers Face Retirement Income Shortfalls Without Supplemental Savings National Institute on Retirement Security research finds pension plans alone often don’t provide retirement income adequacy for state and local government employees. Data and Research Morningstar Advises 3.8% “Safe” Withdrawal Rate, Balanced Portfolio Morningstar increased its recommended withdrawal rate for retirees from last year and continues to see best outcomes for participants in both bonds and stocks. Data and Research Empower Participants’ Retirement Savings Fall Despite savings rates decreasing slightly, 75% of study respondents are not planning to reduce retirement contributions. Administration Annuities Gain Steam as Part of Target-Date Funds Cerulli retirement research shows consultants favor TDFs with guaranteed income for plan sponsors’ lifetime income options. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Spotlight directly in your mailbox!

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