Retirees’ Biggest Financial Objective is Having Peace of Mind
Most of their spending concerns are related to health care.
News
DOL Fiduciary Responsibilities Seminar Coming to San Diego
In addition, the DOL has announced a “Getting It Right – Know Your Fiduciary Responsibilities” webcast series will be held March 12 through March 14.
AssetMark Launches ‘Simple, Automatic’ Income Replacement Solution
The firm says its “academically informed” automated investment solution seeks to provide reliable cash flow distributions while extending the portfolio life of clients in retirement.
SIMPLE Plan Modernization Act Introduced in Senate
It aims to make SIMPLE plans more accessible among small businesses and would raise the contribution and catch-up limits.
Senators Propose Retirement Security Act of 2019
The bipartisan legislation is designed to help close the $7.7 trillion retirement savings gap.
Teachable Moments from Bill Gross’ Run as the ‘Bond King’
Bill Gross’ reign as the “Bond King” offers a chance to reflect on the benefits and challenges firms face when they have superstar employees.
Analysis Reveals How Poorly Participants Understand 401(k)s
Dream Forward provides examples of questions and sources of confusion for participants after exploring data from its AI chatbox for participants
Dream Forward’s AI Chatbox Answers Participants’ Retirement Plan Questions
In addition to helping participants understand their retirement plans, the AI chatbox addresses other financial challenges participants face.
Guardian Foresees Student Loan Repayment Programs Taking Off
Fifty-two percent of late Boomers say college debt is a major impediment to meeting their financial goals, while 38% of early Millennials and 32% of later Millennials say...
Retirement Industry People Moves
Multnomah Group expands consulting team; Ascensus selects regional VP for South Texas division; RVPs join CUNA Mutual sales division; and more.
Anthem 401(k) Fee Case Will Move Forward
The defendants were denied summary judgment on all claims.
Chicago Booth School Offers CIMA Education for Advisers
The program allows candidates to learn the CIMA curriculum at their own pace, while also providing an opportunity to engage with Chicago Booth faculty through live online and...
Gen Xers Should Consider Sequence of Returns Risk
The recent bouts of equity market volatility highlight the importance of balancing portfolio growth aspirations with the need to protect...
ICMA-RC Creates Tools for One-on-One Meetings with Participants
They include calculators that show the impact of increasing contributions and a Roth analyzer, among other things.
OneAmerica Launches CIT Research Tool for Advisers
The CIT product information database was created in collaboration with Broadridge Advisor Solutions and is designed to support the client service needs of financial advice professionals.
Investment Product and Service Launches
Robeco adds sustainable equities model and Morningstar creates index group targeting low-carbon economy.
FinMason Rolls Out Five-Minute Financial Plan
It is available on the client portal of Orion Advisor Services.
Fidelity Sees Continued Progress in 401(k) Plans Despite Market Volatility
With participants not panicking in Q4 2018 and the longer term trends resulting from automatic plan features, Fidelity Investments finds an overall improvement in average participant savings and...
Johnson and Johnson Faces Stock Drop ERISA Lawsuit
Plaintiffs allege plan fiduciaries should have known the company’s stock price was artificially inflated—and that fiduciaries breached their duties of prudence and loyalty by continuing to offer J&J...
Participants Need to Be Reminded About the Saver’s Credit
The Transamerica Center for Retirement Studies found six in 10 employees do not know about the tax credit.