PLANADVISER Weekend Newsdash
Week ending July 1st, 2016
NOTE FROM THE EDITOR
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? 
Editor's choice
Fellow of Society of Actuaries Suggests New Retirement Spending Rule
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. Read more >
How Reliable Are Common Retirement Planning Tools?
A study finds that some retirement income calculators are not all they’re cracked up to be. Read more >
Income Volatility a Challenging Factor in Retirement Planning
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. Read more >
Insurance Can Play a Part in Retirement Income Planning
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. Read more >
Nuanced Advice Should Fill in the 401(k) Decumulation Weakness
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. Read more >
MOST POPULAR STORIES
Half of Households Likely to Face a Retirement Shortfall

Looking at whether retirees will be able to replace 75% of their final-year earnings, the Center for Retirement Research at Boston College found the number of households at risk of facing a shortfall range from 42% to 60%.

Proposed Hardship Withdrawal Amended Regulations Issued by IRS

Under the proposed regulations, 401(k) plan sponsors could choose to make additional accounts available for hardship withdrawals.

Wells Fargo’s Annual Retirement Study Portrays an Industry in Transition

Executives overseeing the survey report agreed that the U.S. is just beginning to see the real impact of decades of public policy decisions and private employer efforts to fundamentally reshape the retirement landscape.  

Average Age Americans Plan to Retire Is 62

However, only 56% of people have calculated how much income they need to retire, MassMutual learned in a survey.

Lack of Emergency Savings Intersects Retirement Concerns

The majority of respondents to a Cuna Mutual Group survey feel positive about their prospects for upward wealth mobility; on the other hand, a quarter say they have no emergency savings.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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