House Bill Seeks Retirement Plan ‘Simplification and Enhancement’
Alongside numerous changes, the bill seeks to eliminate the current 10% cap on automatically-increased deferral rates of employees who are...
Tag: Retirement Income
EBRI Data Delivers Fresh Retirement Health Care Cost Concerns
Retired couples, according to EBRI research, can require up to $370,000 to cover premiums for Medicare Parts B and D,...
Investors Agree Guaranteed Income in Retirement Is Important
However, there is confusion about how to get this additional income stream.
Spouses Play a Bigger Part in Retirement Planning
The spouse of a married retirement saver inspires one out of five financial planning conversations, and this is growing, according...
Retirees Spending Only About 1% of Assets Each Year
More than one in three retirees actually see their assets grow, BlackRock and EBRI found.
Experts Push for Sponsor Courage When Offering In-Plan Lifetime Income
DOL leadership has stated explicitly that investments with lifetime income elements can be a prudent investment option in DC plans,...
Participants’ Multiple Accounts Makes Measuring Success a Challenge
Plan sponsors should be aware that many participants have assets invested with providers that do not serve their current plan,...
What Does It Take to Measure Retirement Income Adequacy?
A report by the Congressional Budget Office notes that different measures produce different results and it offers a framework for...
BMO Finds Demographic Differences in Investing Preferences
Respondents across all three generations cite saving and investing for retirement as their primary financial goal; however, Millennials are less...
Retirement Planners Want to Know How Much They Can Spend
The top worry for respondents to a Dimensional Fund Advisors survey is not having enough money to live comfortably in...
American Academy of Actuaries Joins Advocacy for In-Plan Lifetime Income Options
The Academy has released a position statement, joining the GAO and Treasury Department in encouraging the use of lifetime income...
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...
Ninety Percent of Investors Like the Idea of Guaranteed Income
But only 46% know that annuities offer it, Jackson National Life found in a study done for the Insured Retirement...
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Stadion TDF Launch Offers Multiple Glide Paths
The solution offers three levels of risk within the same TDF family, leveraging exchange-traded funds wrapped within collective investment trusts...
International Paper Offloads $1.3B in Pension Liabilities
Prudential will formally assume responsibility for pension benefits for approximately 45,000 former employees or their beneficiaries receiving less than $450...
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Voya Extends Framework Retirement Program to Tax-Exempt Market
The mutual-fund based program also offers an in-plan retirement income option and access to 3(38) fiduciary services.
Health Care Costs, Social Security Concerns Near-Retirees
Recent retirees paint a different picture of life in retirement than some pre-retirees expect.
Participant Survey Highlights Lasting Roth Confusion
The lack of understanding of Roth contributions, should Congress move to limit pre-tax savings, will cause significant confusion and potentially...
Millennials Lack Confidence in Social Security’s Future
Despite their pessimism, Social Security remains a portion of Millennial’s plans for living in retirement.
Social Security May be Adequate for Low-Income Workers
The American Enterprise Institute questions the benefit of automatically enrolling low-income workers into state-run IRAs.