PLANADVISER Weekend Newsdash
Week ending October 4th, 2019

Retirement income is increasingly on the minds of plan sponsors, so it is a topic that advisers need to at least begin to explore. It certainly was a big topic at our recent PLANADVISER National Conference. Some experts think that within the next few years, sponsors will begin to embrace retirement income options. The Transamerica Center for Retirement Studies thinks that at least part of the solution is permitting people age 65 and older to phase into retirement. At the very least, advisers should suggest that plans amend their plan documents to permit retirees to take systematic withdrawals, rather than a lump-sum distribution, experts say. And they warn that many recordkeepers charge transaction fees as high as $50, so that is something advisers will need to negotiate on behalf of their clients, should they go down this route.

Retirement Income
Illustrative Stories Can Help With Understanding Retirement Income Choices
Whether by video or written text, researchers found a short story significantly improved test scores about annuities and Social Security claiming. Read more >
Retirement Income Coming Soon to a 401(k) Near You
Experts believe that in the next few years, DC plan sponsors will embrace this option. Read more >
Helping People Work Past Age 65
While 75% of employers consider their companies to be “aging friendly,” only 54% of workers think their companies have adopted such policies. Read more >
PANC 2019: Unlocking the Retirement Income Dilemma
Sponsors are beginning to be willing to adapt their plans to accommodate retirees’ lifetime income needs. Read more >
PANC 2019: The Fundamentals of Retirement Income Products
Thanks to legislation such as the SECURE Act, new products and the need, the market is warming to guaranteed income. Read more >
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15th Anniversary of Retirement Plan Adviser of the Year

Since 2005, we have honored 39 individuals and teams with the PLANSPONSOR Retirement Plan Adviser of the Year award program.

Fidelity Wins Dismissal of FundsNetwork Revenue Sharing Challenge

The firm has successfully argued that it is entitled to negotiate and collect revenue-sharing fees from mutual fund companies in exchange for representation on its FundsNetwork platform.

Inheritance Pathways Exist to Replace Stretch IRAs
The SECURE Act is stalled in the U.S. Senate due in part to several lawmakers’ concerns that it does away with so-called “stretch IRAs,” but tax and inheritance experts say other effective tax mitigation strategies are available.
Cybersecurity Strategies for the Adviser Industry
Effective cybersecurity strategies start with the right tone at the top, with senior leaders who are committed to improving their organization’s digital posture.
Weighing 403(b)s versus 401(k)s for Nonprofits

In most cases, the 403(b) is the better option.

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