Wednesday, July 27th, 2022 A biweekly topical newsletter from PLANADVISER Retirement Income One of the first steps in solving for retirement income is rethinking the jargon that often gets used with plan sponsors. For example, most employees don’t know the difference between ‘in-plan’ and ‘out-of-plan’ income. There also needs to be collaboration among the plan’s stakeholders, meaning that the asset manager, consultant and plan sponsor need to work together to present straightforward income solutions. Find the latest on retirement income below. MODERN INVESTMENT MENU / COVER STORY Paving the Way Approaches to adding income products into DC plan design—but not on the menu. The Markets Retirement Income Evolution Experts agree that few defined contribution retirement plan participants can successfully manage their retirement spending on their own, meaning it is crucial for advisers and providers to help solve the ‘decumulation challenge.’ Data & Research EBRI Asks What It Takes to Retire Without Regrets In a new ‘Fast Facts’ publication, researchers examine the current characteristics of retirees living without major financial regrets. The Markets Rocky Equity Markets, Moving Rates Help Annuities Shine New LIMRA data shows continued equity market declines and rising interest rates drove investors to purchase record levels of fixed-rate deferred annuities in the second quarter. Trends Social Security on the Brink? Long-standing solvency problems remain. Trends New, Tighter Distribution Rules Retirement plan advisers should revisit retirement planning for clients who count on the ‘stretch’ IRA provision for bequeathing their individual retirement account or 401(k). Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

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