IMHO: “Diss” Ingenuous
Nevin E. Adams
July 7, 2008—Over the past several years, it has become “fashionable” in some quarters to bash the workplace retirement savings plan; most frequently, the 401(k).
Affluent Most In-Demand for Retirement Income Services
Ellie Behling
June 30, 2008—TowerGroup says advisers should use a “holistic” approach to tap the lucrative market of providing retirement income services to affluent investors.
Retirement Income Focus of DC Growth
Fred Schneyer
June 26, 2008—A McKinsey & Company study said retirement income will be the future of the DC marketplace.
Perspective: Staying on Top of 2008 Plan Changes
Spencer Williams
June 26, 2008—The new year ushered in some important provisions that directly affect qualified retirement plans.
Pre-Retirees Fail Retirement Income Test
Rebecca Moore
June 25, 2008—Fifty-nine percent of pre-retirees are seeking financial advice on 401(k)s, retirement savings, and long-term care insurance, according to a MetLife study.
Retirees Reluctant to Spend Savings
Ellie Behling and Fred Schneyer
June 6, 2008—Retirees are least satisfied with advice on how to draw down their savings without draining it, a Nationwide survey said.
Retirees ‘Staying Alive’ But Lack Confidence
Ellie Behling
June 4, 2008—Retirees and pre-retirees lack confidence in making their retirement money last, and only one-fifth have discussed spending in retirement with a financial adviser.
For Annuities, It’s All About Timing
Ellie Behling
June 3, 2008—Purchasing fixed-income annuities gradually or all at once can build more long-term wealth and liquidity than other retirement income strategies, claims a study from MassMutual.
Post-Retirement Returns Critical to Retirement Income
Fred Schneyer
May 27, 2008—A good portion of participants’ retirement income will come from investment returns generated by 401(k) accounts after they stop work, research from Russell Investments says.
IMHO: Conspiracy Theorists
Nevin E. Adams
May 27, 2008—I spent some of my precious three-day weekend perusing Teresa Ghilarducci’s When I’m Sixty-Four, an intriguing title for a book about pensions–or, as the subtitle suggests, “The Plot against Pensions and the Plan to Save Them.”
Perspective: Wake Up!
Spencer Williams
May 22, 2008—The Supreme Court’s recent 401(k) ruling should be a warning.
Annuity Assets Expected To Increase
Ellie Behling
May 16, 2008—Annuity assets will grow to $2.9 trillion by 2012, fueled by demographic and product trends, a recent study by Cerulli Associates says.
Guaranteed Income Might Increase Total Retirement Income
Ellie Behling
May 15, 2008—Adding guaranteed income to a qualified default investment alternative (QDIA) can generate higher income levels in retirement, a study to be released Friday by Genworth Financial said.
IMHO: Their Own Devices
Nevin E. Adams
May 5, 2008—There’s been a lot of talk about tax policy of late.
Perspective: Understand Your Clients to Improve Your Bottom Line
Spencer Williams
April 23, 2008—It seems that nearly everyone today is feeling the pinch of the current economy.
Do People Really Spend Less in Retirement?
Fred Schneyer
April 22, 2008—A newly released research study casts doubt on the traditional notion that calculations of a person’s retirement nest egg should take into account a post-retirement spending dropoff.
Vanguard Releases Managed Payout Offerings
Fred Schneyer
April 21, 2008—The Vanguard Group has unveiled the Vanguard Managed Payout Funds, designed to function much like an endowment by investing over the long-term to preserve or build capital while generating monthly payments.
Russell Launches Target Distribution Funds
Rebecca Moore
April 15, 2008—Russell Investments has launched a series of new multimanager funds, designed specifically for the “decumulation” phase of retirement saving and seeking to provide a steady, but not guaranteed, annual distribution.
Hancock Puts Out 401(k) Guaranteed Income Rider
Fred Schneyer
April 9, 2008—John Hancock Retirement Plan Services has launched its Guaranteed Income for Life (GIFL), an optional 401(k) rider featuring a principal guarantee.
Advisers Say Many Clients Need More Time Before Retiring
Fred Schneyer
April 4, 2008—Nearly half (46%) of the advisers in a recent poll said their clients are still tracking their expectations of a decade ago for a timely retirement.
