Robert C. Merton, Ph.D., and Arun S. Muralidhar, Ph.D., discuss how Standard of Living indexed, Forward-starting, Income-only Securities can address the call for in-plan retirement income solutions.
Creating open MEPs, encouraging the use of lifetime income products and removing impediments to employers maintaining DB plans are just a few of Mercer’s suggestions.
The Treasury Department believes that if an expert was certified to assess the viability of annuity providers, retirement plan sponsors would be more inclined to offer in-plan guaranteed lifetime income options.
Specific policy changes and plan sponsor initiatives can make guaranteed lifetime income a norm in the DC plan space, TIAA suggests.
In-plan lifetime income options are offered by more than half of not-for-profit plan sponsors surveyed, but among those that don't, misconceptions exist.
A recent survey found that across generations, investors are almost equally concerned that their returns won’t secure adequate retirement savings.
Baby Boomers are adopting better financial habits, but Millennials may be overconfident in theirs, a study by Allianz finds.