Deciding when to claim Social Security benefits has significant financial ramifications for retirees, but a new poll finds that a striking percentage of near-retirees still lack even basic knowledge... Read More
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Retirement Income
BY Nevin E. Adams, JD | 3/5/2021
An intriguing “consortium” of retirement plan providers have teamed up on a new QDIA offering that incorporates a retirement income solution.
The product—tagged Income AmericaTM 5ForLife—is a... Read More
BY Nevin E. Adams, JD | 2/23/2021
A recent industry trade article questions the efficacy of saving early for retirement—and notes that there “may even be such a thing as saving too much.”
What launches that premise is a... Read More
BY Ted Godbout | 2/23/2021
Retirees face a difficult job figuring out how to draw down their 401(k) and often claim Social Security the earliest they can, but a new white paper suggests that a “Social Security bridge” could be... Read More
BY Steff Chalk | 2/10/2021
Plan sponsors and fiduciaries have a lot on their minds these days. One’s duty as a retirement plan fiduciary often can be the most challenging of all job functions. Yet rarely is a new plan sponsor... Read More
BY Nevin E. Adams, JD | 2/2/2021
Today is the day upon which America turns its attention to Punxsutawney, PA (and what seems to be a rapidly expanding array of Punxsutawney Phil wannabes) to get a read on the duration of winter... Read More
BY Ted Godbout | 2/1/2021
Thanks to the SECURE Act, lifetime income options may become more widely available, but a new blog post suggests that plan sponsors may need to consider more than a one-size-fits-all solution. ... Read More
BY Nevin E. Adams, JD | 12/1/2020
Most of the focus on retirement savings is on those who haven’t saved enough, or who lack access to the platforms to make saving enough easy. But even those that have done the “right” things can... Read More
BY Nevin E. Adams, JD | 5/12/2020
You have to hand it to the Washington Post. At a time when millions of working Americans are finding a financial lifeline in their retirement savings, they managed to find in the questionable... Read More
BY Ted Godbout | 3/5/2020
Thanks to the Pension Protection Act and its resulting innovations, most retirement plan participants are more likely to be on track to a secure retirement, according to a new white paper. ... Read More
BY John Iekel | 2/25/2020
Recent reports by the Congressional Research Service (CRS) have outlined its projections regarding how long Social Security will remain solvent and the consequences when that ends. The CRS... Read More
BY John Iekel | 11/19/2019
Interest in retirement income is rising among plan participants and plan sponsors, according a variety of experts who participated in panel discussions at the recent SPARK Forum held in... Read More
BY John Iekel | 10/11/2019
The Social Security Administration (SSA) on Oct. 10 announced that the monthly Social Security and Supplemental Security Income (SSI) benefits will increase 1.6% in 2020. The change will... Read More
BY John Iekel | 9/26/2019
The Congressional Budget Office has issued an update to its long-term projections concerning Social Security.
The CBO provides such updates annually. The latest update ... Read More
BY Ted Godbout | 9/10/2019
A new study suggests that a growing number of U.S. employers are adding, or are interested in adding, lifetime income solutions to their DC plans. But a closer look reveals some... Read More
BY Ted Godbout | 6/14/2019
Consumers remain impacted by a stigma over annuities, but the appeal of guaranteed lifetime income products climbs sharply when framed as part of a clear retirement income strategy, new research... Read More
BY Ted Godbout | 4/22/2019
While there’s some good news in the Trustees report for the nation’s retirement security system, there’s also some not-so-good news.
First, the good news. The combined asset reserves of the Old-... Read More
BY Ted Godbout | 4/19/2019
As plan auto-features become widely accepted, plan sponsors are increasingly turning their attention to retirement income strategies, according to a new survey of large and mid-size... Read More
BY Ted Godbout | 4/19/2019
As a way to overcome lifetime retirement income shortfalls, Nobel Prize winning economist Richard Thaler recently described an idea to allow people to take a portion of their 401(k) benefits to... Read More
BY Ted Godbout | 2/15/2019
While confidence in the ability to retire has increased from five years ago, increasing health care costs and market volatility continue to drive clients' fears of going broke in retirement, new... Read More
BY Ted Godbout | 1/9/2019
A new EBRI issue brief reviews whether and to what extent purchasing a qualified longevity annuity contract (QLAC) offered through a DC plan can help improve retirement readiness.In “Deferred Income... Read More
BY Nevin E. Adams, JD | 10/23/2018
While it might not be on your calendar, this happens to be National Retirement Security Week – and in the spirit of the week, here are five things that can provide just that.Retirement security – or... Read More
BY Nevin E. Adams, JD | 10/2/2018
Academics have long agonized over something they call the annuitization puzzle.Simply stated, the thing academics can’t quite understand is the reluctance of American workers to embrace annuities as... Read More
BY Nevin E. Adams, JD | 7/17/2018
A recent report suggests that participants are “clueless” about decumulation. And who can blame them?Actually, the issue is perhaps more basic than a decumulation strategy. The report – by Cerulli... Read More
BY Ted Godbout | 6/15/2018
New survey findings suggest a need for financial advisers to discuss optimizing Social Security benefits with their clients, as many do not understand what factors determine their benefits.In fact,... Read More
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