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Week ending November 13th, 2015 |
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Retirees lost a couple of effective but underutilized Social Security claiming strategies in this week’s Bipartisan Budget Act. The changes, which have people scrambling for answers, could mean some opportunity for retirement plan advisers to bring their expertise to plan sponsors. See Editor’s Choice for related stories. |
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| Vanguard Removes S&P 500 Fund From Its 401(k) | According to the firm, the Total Stock Market Index Fund, which remains in the investment menu, is the best proxy for the U.S. market. | | | An Uncommon Argument Against Greater Savings | In a frank conversation with PLANADVISER, Andrew Biggs points to some common misconceptions about retirement income replacement among lower income groups. | | | Social Security Uncertainty Must Inspire Concerted Action | Commenting on new Social Security deficit projection figures published this week, Rob Fishbein, corporate counsel at Prudential Financial, says it’s not time to hit the panic button yet—but it is time to take very seriously the retirement income challenge individuals face. | | | Millennials Expect to Retire at Age 56 | Fifty-three percent expect to become millionaires, TD Ameritrade found in a survey. | | | Myths and Realities About Spending in Retirement | Some people are running out of money in retirement, but many are refusing to spend and are living below their means. Are they doing so out of fear, or do they just not need as much? | |
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