Happy Friday, readers! This week a number of our most popular news articles discussed what Baby Boomers are doing with their money upon hitting retirement. Many are leaving TDFs, research shows. Many are also shying away from purchasing annuities or taking steps to proactively shape a lifetime income plan. Find below a helpful series of additional articles on these challenging topics, aimed at helping clients smoothly transition to a stable retirement.
Among the many informative charts and graphs included in the 2017 J.P. Morgan Asset Management Guide to Retirement are Social Security timing break-even analyses and projected spending for individuals and couples on Medicaid premiums—along with a look at when Roth might work best.
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Those who have an IRA say the three biggest factors that prompted them to open one were help from a financial adviser (40%), education about IRAs (25%), and a simple process to open one (10%).
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When the SEC adopted the new Rule 30e-3 earlier this year, creating a new system for electronic delivery of fund information, it also established a transition disclosure period that starts in January, during which "funds that choose to implement the new delivery method for shareholder reports provide prominent disclosures in prospectuses and certain other shareholder documents that will notify investors of the upcoming change in transmission format.”