Happy Friday, readers! It’s always a bit of a challenge each week picking a theme for the Friday afternoon mailing, especially during these times of fast-paced regulatory and market evolution. This week the job was made a little easier by the impressive reaction to a story about a new, simple approach to retirement spending proposed by a fellow of the Society of Actuaries. One reader suggested participant spending in retirement is “quickly becoming the next big plan design concern.” What do you think?
Evan Inglis says his “simple but effective” new rule recognizes the lower level of returns we are likely to experience in coming years due to low interest rates and other factors such as demographic trends.
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Results of the Federal Reserve’s latest Survey of Household Economics and Decisionmaking suggest income volatility has become a real hurdle to retirement saving and wealth forecasting.
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Employees need protection for their retirement income. Planning should include addressing market risk, taxes and inflation, but also health care expenses, long-term care and legacy plans.
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Until 401(k) plan sponsors are more comfortable offering in-plan retirement income products, the industry must find solutions to deliver nuanced advice around retirement income to low-balance investors.
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EBRI questions whether retirees are just determined to preserve their assets or whether they need more education about spending assets in retirement—both have implications for retirement plan advisers and sponsors.
Plaintiffs include in their complaint a substantial amount of backward-looking fund performance data to underpin their failure to monitor claims, comparing the Home Depot offerings to others that could have been purchased.
With a focus on accessibility and ease of use, Advisor Console’s new features and functionality allow financial professionals to be more efficient when serving their clients’ plans and investments.
In a guest article written for PLANADVISER, Thomas Dodd, executive director of Pavilion Advisory Group Inc., compares and contrasts common retirement income strategies—including the pros and cons of each method, as viewed from the perspective of participants.
