Many Retirees Outspend Planned Budget
However, a survey finds retirees with a guaranteed income stream from a pension or annuity are able to spend more.
Tag: pension
Half of Retirement Savers Think They Are Behind
Ninety-eight percent wish there was a way to make up for lost time, but 63% say they cannot take the chance of investing in higher risk financial products.
Many Millennials, Gen Xers Don’t Expect to Receive Social Security
Yet, a significant number are not saving for retirement at all.
Retirees Find Creating a Drawdown Strategy Is Complex
"Having a plan in place to manage their finances can help retirees feel confident about spending their assets and address the fears that may be holding them back,” says Marcy Keckler, vice president of financial advice strategy at Ameriprise Financial.
Employees Desire Retirement Education and Coaching
Nearly half would like a digital retirement coach, an Accenture survey found.
Pension Trustee Found Guilty of Theft
The trustee is ordered to pay $234,271 in restitution, serve a year of probation and be barred from serving as a fiduciary to a benefit plan for 13 years.
Sears Allowed to Sell Real Estate to Fund Pension
According to a Sears announcement, following the making of a $407 million contribution, it will be nearly relieved of the obligation to make further contributions to the pension plans for approximately two years.
NIRS Encourages Continued Use of Pensions for Teachers
A report from the NIRS argues how DB plans create more savings and retirement income for teachers than DC plans.