Momentum is increasing in Congress to repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
In March, Reps. Garret Graves (R-La.) and Abigail Spanberger (D... Read More
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Retirement Income
BY Ted Godbout | 4/10/2024
We’re still several months away from knowing what the final Social Security cost of living adjustment (COLA) will be for 2025, but the federal government's inflation data for March has pushed the... Read More
BY Ted Godbout | 4/9/2024
To address the rising U.S. retiree population, some target-date fund (TDF) providers are now integrating annuities in their offerings to combat longevity risk and provide a stream of guaranteed... Read More
BY Ted Godbout | 3/29/2024
In recent years, there has been quite a bit of focus on lifetime income solutions and decumulation strategies, but in considering such solutions, a new survey finds that defined contribution plan... Read More
BY John Sullivan | 3/27/2024
Longevity and greater spending are “putting the U.S. retirement system under immense strain,” BlackRock CEO Larry Fink wrote in his annual letter to shareholders.
In the letter, bluntly titled “... Read More
BY NAPA Net Staff | 3/25/2024
Merrill has begun offering new income-focused portfolios designed to deliver predictable income for retirees over a 25-year period, according to a March 25 announcement by Bank of America.
Now... Read More
BY John Sullivan | 3/21/2024
The Republican Study Committee (RSC), a conservative caucus to which most House GOP members belong, released its Fiscal Year 2025 Budget proposal, “Fiscal Sanity to Save America,” on Wednesday.
It... Read More
BY NAPA Net Staff | 3/21/2024
Retirement income continued its industry march on Thursday with Empower announcing a host of new partnerships with asset management and insurance companies to offer several in-plan and out-of-plan... Read More
BY John Sullivan | 3/15/2024
It’s increasing, but is it enough?
Stubbornly high inflation has The Senior Citizens League (TSCL) raising its 2025 COLA estimate to 2.4%, based on the Bureau of Labor Statistics’ Consumer Price... Read More
BY David Blanchett | 3/11/2024
The decision about when to claim Social Security retirement benefits is a topic that is well covered in the financial press since most American retirees either are currently receiving retirement... Read More
BY Ted Godbout | 3/4/2024
To address retiree concerns about running out of money in retirement, MetLife announced that it is working with Fidelity Investments to offer a fixed immediate income annuity through Fidelity’s... Read More
BY Todd Kading | 2/28/2024
If 85% of the market asks for something, you’d better provide it.
I know. Common sense, right? And yet, plan sponsors have, year in and year out, ignored what survey after survey of... Read More
BY John Sullivan | 2/15/2024
If the results of a recent retirement income quiz are any indication, there’s work to be done.
Older Americans scored just 31% on the 2023 Retirement Income Literacy Study... Read More
BY Nevin E. Adams, JD | 2/13/2024
How well do you (think you) know your significant other?
The passage of time—shared experiences and the process of getting to know each other reveals much—and yet I learned something new about my... Read More
BY NAPA Net Staff | 2/5/2024
Repeal the tax incentives inherent in 401(k)s to shore up Social Security? It’s a controversial idea raised by a trio of academics that immediately rallied defined contribution defenders.
One... Read More
BY Ted Godbout | 1/31/2024
While the SECURE Act was supposed to help pave the way for adoption of retirement income solutions in defined contribution (DC) plans, new research finds that plan sponsors still have some concerns... Read More
BY Nevin E. Adams, JD | 1/30/2024
Last week an article in an industry publication led with the title “401(k) experiment has failed, fueled U.S. retirement crisis, labor economist says.”
In what I am sure generated a fair number of... Read More
BY Ted Godbout | 1/26/2024
Prudential Financial announced Jan. 25 that it is collaborating with Fidelity Investments to address growing demand for a workplace retirement plan option that will convert participants’ retirement... Read More
BY Nevin Adams JD | 1/19/2024
December’s Social Security COLA didn’t keep pace with inflation, but a new report says that Social Security beneficiaries could be riding an inflation rollercoaster this year, courtesy of 2023’s 8.7... Read More
BY John Sullivan | 1/18/2024
The government should limit contributions or accumulations in tax-advantaged retirement plans—or tax the earnings each year—to address Social Security’s shortfall, a trio of high-profile industry... Read More
BY Nevin E. Adams, JD | 1/16/2024
Despite long being called the “third rail” of American politics, Social Security—or more precisely its viability—has reemerged as an issue in the 2024 presidential campaign.
It came up most... Read More
BY Nevin E. Adams, JD | 1/9/2024
Two headlines on NAPA Net caught my eye this past weekend—provocative “what if” type questions.
I’m talking about “Will Retirement Income Solutions Finally Break Through in 2024?” and “Will... Read More
BY John Sullivan | 1/8/2024
The benefits of delaying Social Security benefits are by now generally accepted. While not appropriate for everyone, waiting to age 70 (the maximum age allowed) means a 24% increase in benefits... Read More
BY Ted Godbout | 1/5/2024
Adoption of retirement income solutions within defined contribution (DC) plans hasn’t happened at the rate many thought possible, but the tide may finally be turning, according to one organization... Read More
BY NAPA Net Staff | 12/10/2023
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What did the Setting Every Community Up for Retirement Enhancement (SECURE) Act’s passage in 2019 do for... Read More
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