Advisers will play an important role in helping plan sponsors perform their due diligence and helping participants accept annuities.
Pacific Life's Retirement Income Translator also creates a two-minute personalized video that aims to illustrate the potential benefits of protected lifetime retirement income through an annuity.
Bradford P. Campbell, with Drinker Biddle, recently discussed specific requirements for open MEPs, now called pooled employer plans (PEPs), included in the SECURE Act.
Lincoln Financial Group and Capital Group combine TDFs and annuities; Federated Investors, Inc. to rename brand and ticker symbol; and MSCI publishes principles of sustainable investing.
The Center for Retirement Research says the reduction for claiming early is currently too large while the increase for claiming late is about right.
Jason Shapiro notes that some DC plan participants may stay in their plan after retirement and rely on TDFs’ asset allocation for retirement income for possibly 30 years or even more.
To guarantee or not to guarantee? For some of the leading recordkeepers and investment managers, that’s not a question they necessarily want to answer.
Willis Towers Watson’s Thinking Ahead Institute says defined contribution plan designs and communications will leverage technology to deliver a far more customized experience for participants.
Social Security is a big part of retirement income planning for employees.
Sponsors are beginning to be willing to adapt their plans to accommodate retirees' lifetime income needs.
Whether by video or written text, researchers found a short story significantly improved test scores about annuities and Social Security claiming.
In addition, the report discusses possible refinements to the baseline strategy, introduced last year, to address specific goals and circumstances, such as uneven expense and income flows, or alternative patterns of retirement income.
A research report provides an analysis of how including a default deferred income annuity (DIA) can improve retirement income for retirees and offers suggestions advisers can give 401(k) plan clients for implementing it.
Financial professionals who do business with Allianz can soon provide information surrounding what may be optimal timing to take Social Security benefits, as well as how to file based on various financial and spousal scenarios.
It helps educate advisers on how to discuss income planning with clients.
Introducing auto portability and allowing open multiple employer plans (MEPs) were simulated to have the biggest impact on decreasing the retirement income deficit.
Anxiety about turning DC plan assets into a “lifetime retirement paycheck” in such a low-rate environment is keeping aging Americans in the workforce—including many who very likely have enough money saved to retire comfortably and don’t want to keep working.