Wednesday, October 26th, 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. SPONSORED AD Plan Design / Post-Retirement New Territory for Income? Advisers and providers need to help solve the decumulation challenge. Data & Research The Appeal of Guaranteed Lifetime Income Option Is Growing Among Participants While more participants are looking for a consistent source of income in retirement, they also want the flexibility to change their payments when needed. Client Service PANC 2022: The Psychology and Practicality of Retirement Income Personalization is required to help people create a paycheck in retirement, says Shlomo Benartzi. Data & Research Annuities as Part of Target-Date Funds Grow in Popularity Cerulli retirement research shows growing interest in TDFs with guaranteed income for plan sponsors’ lifetime income options among consultants. Client Service Decumulation Is Personal New income solutions are focusing on customization and flexibility, in recognition of the fact that spending in retirement is more complicated than saving for it. Client Service Making Retirement Income Projections Useful Plan participants need advisers to go beyond just awareness of their balance to thinking about that balance in the form of retirement income or an income stream. Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

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