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
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit

One expert who works on the fiduciary insurance side of the retirement plan industry calls the appellate ruling ‘the best decision ever written in an excessive fee case,’ and one which could dissuade other plaintiffs in similar cases.

Olin Corp. Soundly Defeats ERISA Lawsuit

The judge’s opinion sides firmly against the arguments made by the plaintiffs in the case, who are among the many litigants currently represented by the law firm Capozzi Adler.

Senate Finance Committee Advances EARN Act

The committee’s unanimous passage of the EARN Act represents another step forward for an ambitious package of retirement planning reforms making their way through the legislative process.

Retirement Industry People Moves

The Retirement Advantage hires veteran financial professional, while AssetMark will acquire Adhesion Wealth.

2022 PLANADVISER DCIO Survey
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850