PLANADVISER Weekend Newsdash
Week ending August 24th, 2018

Happy Friday, readers! This weekend’s mailing focuses on the complex and formidable task of planning for health care expenses in retirement. Even the median healthy couple retiring today at age 65 faces a massive projected lifetime health care bill just shy of $300,000. It is clear that retirement advisers are in a good position to help individuals identify and address this incredible challenge.

Health Care and Other Benefits
Health Care Unknowns Have Always Vexed Retirement Planners
A new “Cost of Long-Term Care” analysis published by Moll Law Group underscores the fundamental difficulty of planning for the health care unknowns faced by all retirement savers. Read more >
Longer Student Loan Terms and Greater Monthly Payments Reported
Overwhelmingly, employees surveyed by IonTuition agree with the statement, “I would like my company to offer a voluntary student loan assistance benefit.” Read more >
A Couple Retiring This Year Will Need $280K for Health Care
This is up 2% from last year—and 75% from 2002, when Fidelity began estimating health care costs in retirement.  Read more >
Health Factors Can Derail Plans to Retire Later
While Prudential found pre-retirees seem well-aware of risk factors that could force them to retire earlier, study results show they could benefit from a financial plan. Read more >
Health Care Costs Negatively Affecting Workers’ Financial Picture
Of the 48% who say their health care costs have increased, more than one-quarter have decreased their retirement plan contributions. Read more >
MOST POPULAR STORIES
2018 PLANADVISER National Conference
Invesco to Purchase OppenheimerFunds, Owned by MassMutual

Sources say this leading asset manager company will bring Invesco $248 billion in new client assets.

Two Key Themes for DC Plans
For defined contribution (DC) plan participants, wealth accumulation has depended on both equities and fixed income. Yet fixed income will be ever more important in 2018 and beyond, in our view.
NYU Calls for Sanctions Against Workers, Attorneys

There are several bases on which the court could impose sanctions.

Retirement Industry People Moves

The Wagner Law Group Welcomes Attorneys Quinn and Burwick; Independent Retirement Hires Retirement Plan Consultant; SageView Hires Managing Director; and more.

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

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

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