However, there is confusion about how to get this additional income stream.
Tag: Retirement Income
The spouse of a married retirement saver inspires one out of five financial planning conversations, and this is growing, according to Hearts & Wallets.
More than one in three retirees actually see their assets grow, BlackRock and EBRI found.
Plan sponsors should be aware that many participants have assets invested with providers that do not serve their current plan, which has implications for measuring readiness.
A report by the Congressional Budget Office notes that different measures produce different results and it offers a framework for further analysis of retirement income.
Respondents across all three generations cite saving and investing for retirement as their primary financial goal; however, Millennials are less inclined to buy and hold for the long term.
The top worry for respondents to a Dimensional Fund Advisors survey is not having enough money to live comfortably in retirement.
The Academy has released a position statement, joining the GAO and Treasury Department in encouraging the use of lifetime income options in DC plans.
Melbourne Mercer Global Pension Index Urges Countries With Unsustainable Pension Systems to Take Action Now
The index’s ninth edition looks at how unsustainable pension systems in some countries need to learn from leading countries or risk creating intergenerational equity issues and disappointed retirees.
But only 46% know that annuities offer it, Jackson National Life found in a study done for the Insured Retirement Institute.
The solution offers three levels of risk within the same TDF family, leveraging exchange-traded funds wrapped within collective investment trusts to keep costs as low as possible.
Prudential will formally assume responsibility for pension benefits for approximately 45,000 former employees or their beneficiaries receiving less than $450 in monthly benefit payments from the plan.
The mutual-fund based program also offers an in-plan retirement income option and access to 3(38) fiduciary services.
Recent retirees paint a different picture of life in retirement than some pre-retirees expect.
The lack of understanding of Roth contributions, should Congress move to limit pre-tax savings, will cause significant confusion and potentially a significant drop in savings, a new analysis warns.
Despite their pessimism, Social Security remains a portion of Millennial’s plans for living in retirement.