PLANADVISER Weekend Newsdash
Week ending January 26th, 2018

Happy Friday, readers! This weekend’s mailing focuses on the topic of Health Care and Other Benefits—in particular on the important and evolving subjects of health savings accounts, Social Security optimization, and NQDC plans. Elite advisers will already know how important it is to be able to converse about these subjects fluently and confidently with clients. We hope you enjoy reading and that you share some of what you learn with a client or colleague.

Health Care and Other Benefits
Planning for Medicare Premiums and Drug Costs Is a Difficult Fact of Life
A new EBRI analysis suggests some couples retiring in the near future could need as much as $370,000 in dedicated savings just for medical care; small wonder to see workers are hungry for advice on managing Medicare premiums and drug costs. Read more >
Checking in With Verizon Pensioners Post Risk Transfer
PLANADVISER interviewed a spokesperson for a large group of Verizon retirees back in 2015, shortly following their defeat in appellate court in a case challenging the merits of pension risk transfers; we catch back up with Jack Cohen to talk shop and ask, how have things been going post annuitization? Read more >
With Participation Rates Flat, NQDC Plan Sponsors Make Adjustments
Participation rates were notably higher in NQDC plans offering matching contributions (60%), while plans not offering a company contribution had an average participation rate of 37%. Read more >
Few Employees Using HSAs as Retirement Savings Vehicles
But, employees younger than 25 and older than 65 are more likely to say they try to save/invest their HSA funds, a survey finds. Read more >
Fearing Health Care Costs in Retirement
While most people say they want to live to the age of 90, only 27% of pre-retirees ages 50 and older feel financially prepared to fund a retirement that lasts 10 years, let alone 20 to 30 years, or even longer.  Read more >
Boomers Expect to Rely Heavily on Social Security in Retirement
Thirty-eight percent of middle-income Baby Boomers—those with a household income between $30,000 and $100,000 and less than $1 million in investable assets—expect Social Security will be their primary source of income in retirement, up from 30% before the financial crisis of 2008, according to a study by the Bankers Life Center for a Secure Retirement. Read more >
MOST POPULAR STORIES
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
Empower Continues 2020 Acquisitions With Fifth Third Deal

The Fifth Third retirement plan business comprises more than 475 workplace savings plans populated by approximately 100,000 participants with $6.21 billion in assets.

A New World and New Opportunities for Alpha
Pandemic-driven volatility has once again highlighted the relative virtues of active and passive management.
Excessive Fee Lawsuit Filed Against Duke Energy

The drumbeat of Employee Retirement Income Security Act (ERISA) excessive fee lawsuits rolls on.

MGM Resorts 401(k) Joins List of Excessive Fee Lawsuit Targets

The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things.

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