Wednesday, March 10th, 2021 A biweekly topical newsletter from PLANADVISER Retirement Income For much of 2020 and early 2021, solving for the various provisions of the CARES Act took up a lot of time and energy for retirement plan fiduciaries. However, as the U.S. looks towards a ‘new normal’ and the much-hoped-for end of the coronavirus pandemic, there will be more time to focus on longstanding issues in the retirement planning space. In addition to the coverage gap, perhaps chief among these is the “decumulation” challenge and solving for retirement income. In that spirit, we hope the reporting collected below provides some new decumulation ideas, concepts and strategies for those working on this important topic. Data & Research What Advisers Should Know About RMD Rule Changes A new research report out of the Wharton School suggests changes to required minimum distribution (RMD) rules might not have as big an impact in practice as many might expect, though one subset of clients seems likely to benefit the most from an older RMD age.  Data & Research Advisers Need to Realize Retirees’ Spending Needs Change Over Time A new EBRI issue brief says there are four major things retirees focus on at any given time, but spending during retirement is even more nuanced than it might appear. Client Service Best Candidates for Annuities Individual circumstances determine whether an annuity is right for an individual, how much of their assets should be annuitized and which type of annuity is best. Data & Research Pandemic Forcing Many to Retire Earlier Than Anticipated Nearly 70% of retirees say they retired earlier than they had expected, up from 50% in 2020. The Markets Assessing Available Retirement Income Options An overview of the insured and investment solutions that are available and how advisers should evaluate them. The Markets SECURE Act to Prompt Nearly Two-Thirds of Advisers to Consider Adopting In-Plan Guarantees For their part, participants say they feel the pandemic has make their retirement savings more vulnerable. The Markets For Pre-Retirees, It’s Always Important to Watch for Bubbles While there is certainly room for optimism about where the equity and bond markets are heading, experts say it is still crucial to focus on sequence of returns risk for those near and in retirement. Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

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