Tag: Retirement Income

 Mercer's Outsourcing business selected Millennium Trust Co. as the exclusive provider for its clients' automatic IRA distribution needs.   

One-third of those ages 55 to 65—Transition Boomers—are unsure how much money they will need for living expenses in retirement, a survey found.

A sometimes-overlooked option for retirement income in defined contribution (DC) plans can help keep participants from outliving their retirement savings, sources said.

United Technologies Corporation (UTC) is helping participants tackle longevity risk with a new default investment option.   

Allianz Life Insurance Company of North America created a planning tool to give investors and advisers a “framework for a retirement income strategy.” 

Some plan sponsors are hesitant to implement an in-plan guaranteed retirement income solution for the same reasons others are in favor of it.   

 Only half the clients of advisers surveyed have realistic expectations about the amount of income their investments will provide in retirement, Russell Investments found.  

When choosing investment products for retirement, male Boomers care most about rate of return followed by the investment’s past performance, a survey found.

Save for the future was the top piece of life advice retirees would pass along to younger generations, a survey found.

Employees are willing to give up a percent of their salary in exchange for retirement income, a survey found.

Achaean Financial released two products for advisers and investors, Retirement Outcome and Income Plus+.

Many American workers find it appealing to have a guaranteed income in retirement—the younger the employee, the greater the attraction.

Most advisers who offer retirement income services said they had adjusted their business to do more retirement income planning over the past year, a study found.  

Confidence in retirement savings and overall financial security both dropped one point, to 57% and 41%, respectively, according to Country Financial’s Security Index.   

American households could face an income drop of 28% in retirement. 

Retiring Baby Boomer business owners to the north are far more active in preparing for retirement compared with the average Canadian.  

Sixty-nine percent of investors between the ages of 21 and 50 plan to work either part-time or full-time during their retirement years.