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Week ending March 15th, 2019 |
Skilled retirement plan advisers know there are many variables that go into target savings and target withdrawal rates. Four percent annual withdrawals from a defensively positioned portfolio may be a good starting point, but in reality, such a simple approach will not work for everyone. Collected below are some recent articles exploring the topic of income in retirement. Providers and plan sponsors are innovating in this area, and advisers must keep up with a shifting set of products, regulations and client demands.
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Franklin Templeton to Acquire Putnam for $925 Million | The deal would boost Franklin’s defined contribution asset management to $90 billion in AUM, while Great-West, parent of Empower, will gain a stake in Franklin. | | Congress Says It Will Fix at Least 4 Errors in SECURE 2.0 | The errors include the startup credit, RMD, SIMPLE IRA plans and Roth catch-ups. | | Smart Acquires Managed Account Provider ProManage | Following Smart’s recent $95 million Series E funding round, the acquisition takes Smart’s global assets under management total to more than $10 billion. | | Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say | Proprietary recordkeeper fund options can be worth the fee reduction in investment plans, but they must be looked at carefully, note advisers in a PLANADVISER practice progress webinar. | | FINRA Fines Vanguard for Overstating Money Market Projections | A ‘technical’ issue led to overstated projections of yield and income for nine money market funds for about 8.5 million accounts. | |
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