Complexity a Deterrent to Offering Income Solutions in DC Plans
Plan sponsors cited several challenges to implementing retirement income solutions including a lack of one-size-fits-all choices, and the complexities of...
Tag: Retirement Income
Plan Sponsors Can Do More to Help Participants Prepare for Retirement
Even those already in retirement worry about health care and running out of money, indicating plan sponsors can introduce participants...
Products |
Insurance Profile Solution Aims for Annuity Transparency
The DTCC solution supports the exchange of data between insurance carriers and distributors for the on-going reporting of fees, expenses...
Those Closest to Retirement Not Prepared
One in four Baby Boomers have less than $5,000 saved for retirement, a study finds.
Benefits |
Participants Want Retirement Planning to Include Health Care Costs
They also believe their financial future is largely dependent on their physical well-being.
Women Disadvantage Themselves by Taking Social Security Early
Making matters worse, women spend, on average, 70% of this income on health care.
Millennials Desire More Secure Retirement Benefits
The majority would sacrifice some pay for workplace access to guaranteed retirement benefits, a survey finds.
As Pensions Fade, Retirees Will Need More Savings
Future retirees will need upwards of $400,000 to make up for the pension income shortfall, IRI says.
DC Plan Participants Lack Flexible Distribution Options
Research finds DC plan sponsors are hesitant to offer retirement income solutions in their plans.
Americans Unfamiliar With Annuities
TIAA says annuities could make up for savers’ false expectations about their retirement readiness.
GAO Makes Recommendations for Lifetime Income Options in 401(k)s
GAO gave the DOL seven recommendations to address 401(k) plan sponsors’ fear of offering lifetime income options in their plans.
Hearing Witnesses Make Recommendations to Improve Retirement Security
The Senate Special Committee on Aging heard about the Bipartisan Policy Center (BPC) Commission's recommendations that could increase and improve...
Retirement Date Uncertainty Puts Lifetime Income at Risk
Research found individuals would forego up to 5.7% of total lifetime consumption to fully insure the risk of retirement date...
Sponsors Greatly Value Retirement Income
However, they are waiting on safe harbor guidance from the DOL before offering annuities in plans.
Gen X Most Concerned About Retirement Prospects
Less than four in ten Gen X DC plan participants surveyed believe they will have enough for a comfortable retirement.
Study Finds Retirement Calculators Not Tax Efficient
According to research published in The Financial Analysts Journal, most retirement calculators cheat investors out of at least six years...
Plans in Louisiana Flood Zone Given Hardship Withdrawal Flexibility
The IRS has moved to allow plan participants impacted directly by historic flooding in Louisiana to utilize retirement savings in...
Lowest-Earning Households Have Dimmest Retirement Prospects
But even 36% of the highest socioeconomic status households have a retirement gap.
Americans of All Ages Are Worried About Retirement
While only 18% of Millennials are confident in their golden years, they are the generation best positioned in terms of...
An Analysis of DC Plan Retirement Income Generating Strategies
A research report identifies potential strategies for setting up retirement income solutions in DC plans and considerations for plan sponsors...