PLANADVISER Weekend Newsdash
Week ending August 5th, 2016
NOTE FROM THE EDITOR
Happy Friday, readers! In a recent conversation with PLANADVISER, one provider executive suggested she is “very optimistic about our industry’s chances of solving the DC retirement income question, but we’re only in the infancy of this effort.” The Department of Labor fiduciary rule will shape more than delay progress on improving individual retirement accounts and access to annuities, she speculates. In that spirit, collected below is a handful of articles on the best ways to use IRAs to shape and control retirement spending for clients.
Editor's choice
Spending Rates in Retirement Are Modest
When Vanguard first started its research on retirement spending, it assumed, as many financial planners do, that retirees look at all assets in all accounts and make a plan to draw down from all accounts. However, the research found four cornerstone accounts—DC plans, IRAs, mutual funds and brokerage accounts—are prized as long-term holdings. Read more >
Plan Participants Need Understanding of Roth Accounts
Many U.S. employers are missing out on an opportunity to help employees with their financial well-being by not offering or fully explaining and promoting the benefits and value of Roth 401(k) contributions, according to retirement experts at Willis Towers Watson. Retirement plan advisers can help them. Read more >
Clear Link Between Traditional IRAs and Rollovers
According to ICI data, at year-end 2014, nearly a third of Roth IRA investors were younger than 40, compared with just 15% of traditional IRA investors. There are significant differences between traditional and Roth IRA investors, yet both vehicles provide savers with important flexibility in their retirement savings options. Read more >
Rollovers Under the Fiduciary Rule
The new DOL fiduciary rule, which applies starting April 10, 2017, does allow you to provide distribution or rollover advice; however, there are special requirements for doing that. The first thing to consider is, what exactly constitutes fiduciary “advice” in this context. Read more >
Income Planning Requires Annuity Know-How
Two in three older advisory clients are seeking help with income planning, but only one-third of financial professionals actively advise about indexed annuities. Read more >
MOST POPULAR STORIES
Three New ERISA Lawsuits Bash Actively Managed TDFs

Three new lawsuits question the offering of actively managed target-date funds to retirement plan participants.

$300 Million Plan Faces ERISA Fiduciary Breach Lawsuit

The plan being challenged in the latest fiduciary breach lawsuit held less than $300 million as of the start of last year, making it one of the smallest to become the target of an ERISA complaint.

Attorneys Offer Closer Reading of DOL’s Open MEP RFI

Advisers and broker/dealers hoping to work with open multiple employer plans now have a short window to offer their perspectives to the Department of Labor and the Internal Revenue Service.

Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan

A similar lawsuit was filed in May against an investment manager and a different plan sponsor.

DOL Aims to Quickly Simplify Conflict of Interest Framework

The main theme of the new fiduciary rule proposal is alignment with other regulators—the SEC and FINRA in particular—but the agency is by no means surrendering its jurisdiction over tax-qualified retirement plans.

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