Long-Term Care Insurance Solutions Lack Traction
A new analysis from Lincoln Financial Group and Zeldis Research suggests few are aware of the wide range of solutions available to help address the potential financial impact...
Tag: Retirement Income
A TDF With Income in Mind May Use Different Asset Allocations
Comparing the asset allocations between traditional and income-oriented TDF portfolios found greater allocations to high income-generating investments, according to a Wilshire analysis.
Social Security Recipients to See Slight Bump in Income in 2017
The Social Security Administration announced a cost-of-living adjustment for next year.
Student Loan Debt Affecting Retirement Readiness
An Aon Hewitt survey finds that not only is student loan debt affecting workers’ retirement savings but it’s also becoming an emotional burden.
The DC Income Challenge is Just Arriving
“From our perspective, the ultimate outcome in retirement is income,” says Jamie Ohl, president, Retirement Plan Services, Lincoln Financial Group.
Plan Sponsors Worry About Explaining Income Solutions to Participants
The complexity of explaining retirement income solutions to participants was one of several reasons defined contribution plan sponsors cited for not offering these options in their plans.
Nearly Three-Quarters of Retirees Experience a Financial Shock
For one in three retirees, it depletes their savings by 25%.
More Than Ever, Clients Want Help With Retirement Income Planning
Eighty percent of advisers polled said their clients are asking more questions about retirement income planning today than three years ago.
Baby Boomers Will Rely Heavily on Social Security
Many Baby Boomers think the average monthly payment from Social Security is $500 more than it actually is, a new survey shows.
Risk-Aversion, Low Interest Rates Threaten Long-Term Investing
However, a Wells Fargo study also found three-quarters of retirees are confident they can maintain their chosen approach to managing their retirement savings and investments throughout their retirement.
Client Marital Status and Career Outlook Central to Risk Tolerance
Research from Northwestern Mutual suggests a client’s thoughts about marital status and career ambition are among the strongest determinants of risk tolerance and general financial attitudes.
The Majority of Women Take Social Security Early
Deciding to take lower payments early puts women, who typically live longer than men, at a real disadvantage.
Millennials Eye Benefits Closely While Assessing Employers
Clients (or potential clients) should not underestimate the power of retirement and health benefits to attract and retain dedicated employees.
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Few Americans Focus on Retirement
… despite the fact they worry about depleting their nest egg
Majority of Today’s Retirees Have a Pension
However, only 24% of workers are covered by a pension.
Retirement Income Complexity Is Here to Stay
Increasing life expectancy, disappearing sources of guaranteed income, and historically low yields on bonds make for some tough fixed-income investing conditions; a disciplined approach can help.
GAO Finds Information Not Given to Social Security Claimants
The agency has made recommendations to the Social Security Administration to help individuals make better-informed decisions.
Questions Sponsors Are Asking About DC Plan Distributions
An IRIC issue brief provides answers to nearly a dozen frequently asked questions about adding distribution options to a DC plan.