Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 10th, 2015
Behavioral Finance Q&A with Shachar Kariv – Part 1
Shachar Kariv is the Benjamin N. Ward Professor of Economics and the Economics Department Chair at U.C. Berkley. Like other thought leaders, Kariv believes behavioral finance is redefining the way people save and invest money, especially for retirement. He speaks with PLANADVISER about current trends in behavioral finance, and what the future may hold for retirement plan participant support products. Read more >
Comparing Lifetime Annuities and Structured Withdrawals
An academic analysis by Mark Warshawky, of the Mercatus Center at George Mason University, examines two commonly proposed solutions for controlling outflows from defined contribution plans—the purchase of immediate lifetime income annuities and the well-known 4% rule. Read more >
IRS Expands Pre-Approved Plans Program
In Revenue Procedure 2015-36, the Internal Revenue Service expands its pre-approved plans program to include defined benefit plans with cash balance plan features and defined contribution plans with employee stock ownership plan features. Read more >
Workers Value Overall Financial Education
While 95% of workers said financial literacy is important, only about one-third feel they are moderately or extremely knowledgeable about financial products and services, a LIMRA study found. Only 28% indicated they are very confident in their abilities to make important financial decisions. Read more >