SunGard’s MyRetirement income calculator now gives defined contribution plan participants the ability to determine sustainable spending amounts throughout retirement.
Most employees accept responsibility for financing retirement and rely on 401(k)s to get there, but many lack confidence in their ability to manage their retirement accounts effectively.
Although social media and applications (apps) may still have some compliance hiccups in the adviser world, they can be useful marketing tools to grow your business.
A number of organizations have commented on the proposal by the U.S Department of Labor (DOL) on providing participants with lifetime income illustrations.
The Institutional Retirement Income Council submitted a letter to the Department of Labor, recommending that lifetime income illustrations and projections be mandated on participant statements.
An analysis of pre-retirement planning programs offered by five large employers showed they improved financial and pension literacy and changed employees’ reported retirement plans.
The American Benefits Council has requested guidance about how the ruling on the Defense of Marriage Act (DOMA) will affect health and retirement plans.
Employers can do many things to empower their employees for financial wellness and retirement readiness, according to new report from Bank of America Merrill Lynch.