BlackRock, Policy Group Detail Results of Delaying Social Security, Adding Guaranteed Income
Researchers ran participant simulations to show retirement income spending power could get an almost 30% boost with the strategies.
Tag: lifetime income
Cover Story
Leadership in Practice
This year’s PLANADVISER Industry Leader Awards recognize outstanding plan advisers, and others, who are making positive changes in this noisy...
Pitney Now Heading TIAA’s Lifetime Income Default Unit
Former institutional investments distribution lead Tim Pitney will now focus on lifetime income features as default options in defined contribution...
CBO Says Social Security Trust Funds May Be Depleted by 2033
Retirement advisers may need to counsel on a 23% reduction in Social Security benefits within the next decade if the...
Momentum is Growing to Educate Advisers on Plan Options for Lifetime Income
Retirement industry groups are ramping up efforts to help advisers understand and compare annuities for plans and consider how to...
Allianz Life Launches Income Annuity for Use in DC Plans
Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan.
Workers Worried About Inflation Are Delaying Retirement
A Nationwide Retirement Institute report shows a spike in workers who are feeling on ‘the wrong track’ for retirement.
Social Security Concerns Drive Early Benefit Claims
Almost half of workers surveyed (48%) have no strategy to generate retirement income, Schroders finds.
Compliance Consult
Guaranteed Lifetime Income
Plan fiduciaries have a safe path to offering the products and features.
Retirement Industry Rallies Around LIFE Act
The bill would amend the DOL’s current default investment safe harbor regulations to allow, but not require, a retirement plan’s default investment to include a limited investment in...
How Advisers Can Help Low-Income Workers Save in Employer-Sponsored Plans
Financial wellness campaigns that explain the benefits of delaying Social Security until full retirement age can also help low- and...
Educating Participants About Lifetime Income Projections Is Key
Retirement plan advisers and plan sponsors are ramping up support so participants will understand newly implemented projected lifetime income illustrations...
Advisers Have Window to Help Women Strengthen Retirement Readiness
A survey shows that, because of the COVID-19 pandemic, many women feel they are on the wrong track for retirement.
FT Social Security Optimizer Adds LifeYield Income Layers
The updated Franklin Templeton solution presents an easy-to-understand estimate of available income from different asset sources, while modeling an investor’s needs and goals over time.
SECURE Act to Prompt Nearly Two-Thirds of Advisers to Consider Adopting In-Plan Guarantees
For their part, participants say they feel the pandemic has make their retirement savings more vulnerable.
PSNC 2020: Creating Income Streams for Participants
Panelists discussed how employers can add different lifetime income options into their plans and the appropriate products to use.
PANC 2020: What’s Next for In-Plan Retirement Income?
The SECURE Act will inevitably lead to more sponsors inquiring about in-plan income options, and advisers need to be ready.
IRS Issues Supplemental SECURE Act Guidance
Though many in the industry remain focused on addressing the challenges of the pandemic, major changes to the U.S. retirement planning landscape continue to unfold, thanks to the...
Trendspotting
In the Near Future
Just a matter of time before retirement income becomes widespread, experts say.
IRS Private Letter Ruling Solves Crucial Annuity Transaction Friction Point
A new IRS private letter ruling essentially conforms the tax treatment of properly structured advisory fees from non-qualified annuity contracts to those paid out of qualified accounts, which typically...