PGIM and TIAA Rethink 4% Withdrawal Rule, Finding Retirees Can Spend More
For defined contribution plan participants, new research from PGIM and TIAA offers a fresh perspective on the usefulness of a...
Tag: retirement plan withdrawals
What’s Changing in 2024 Under SECURE 2.0
A comparison of the SECURE 2.0 Act of 2022 provisions taking effect in 2024 and prior law, where applicable, according...
DOL Sues Shuttered Arizona Computer Company Profit-Sharing Plan
The Department of Labor alleges a closed computer equipment supplier and services company abandoned responsibility for its profit-sharing plan in...
TIAA Joins Major Recordkeepers in Portability Services Network
The Retirement Clearinghouse, focused on the portability of retirement savings, continues to expand.
Participant Retirement Assets Remaining In Plan Have Increased
Vanguard research on participant’s retirement distribution decisions in defined contribution plans over time revealed the emerging trend.
IRS Proposes Accepting Remote Notarization on Permanent Basis
The rule would codify relief from ‘physical presence’ rules for retirement plan elections that was first granted during the height...
Morningstar Advises 3.8% “Safe” Withdrawal Rate, Balanced Portfolio
Morningstar increased its recommended withdrawal rate for retirees from last year and continues to see best outcomes for participants in...
Retirement Plan Participants Showed Resilience in Tough Times
Alight research into participants’ 401(k) activity in 2021 shows workers are still investing in the future.
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J.P. Morgan Launches Integrated Retirement Income Spending Tools
Retirement income tools that can be integrated into TDFs provide a way for plan sponsors and advisers to help participants...
Understanding Retirement Plan Leakage Triggers and Costs
Participants have numerous reasons for taking a pre-retirement distribution.
Participant Call Volumes and Website Visits Spike in January
Recordkeepers say that, historically, retirement plan participants reassess their retirement savings and readiness picture at the beginning of the year.
Lawmakers Introduce Legislation Regarding Retirement Account Withdrawals for Natural Disasters
The bipartisan bill automatically triggers tax relief if the president issues a federal disaster declaration.
Few Individuals Expected to Dip Into Retirement Accounts
Even as Congress fails to enact new relief legislation, experts say they do not suspect defined contribution (DC) plan withdrawals...
Options to Help Participants Avoid Tapping Into Retirement Savings
Plan sponsors can share with participants other options to consider before taking a DC plan loan or withdrawal.
No Massive Pullback From Retirement Savings Seen Yet
Research finds few retirement savers have lowered savings rates or withdrawn money; however, those with lower incomes and in certain...
Interim Amendment Needed for Hardship Changes in Pre-Approved Plans
Revenue Procedure 2020-9 extends the deadline, applicable to pre-approved plans, for adopting an interim amendment relating to hardship regulations to...