When HR and Finance Get Together, DC Plan Results Follow
According to Josh Cohen, a big part of PGIM’s strategy as a DCIO provider is to foster conversations across plan sponsors’ own organizations, “presenting them with a framework...
Tag: Retirement Income
RetireUp Announces Wealthbox Integration for Advisers
The integration brings together retirement income planning software with a web- and mobile-based CRM application.
Participants Voice Student Debt Concerns as Balances Grow
“In this year’s survey, an astounding 85% of respondents paying toward student loans reported that their obligation to repay the funds are impacting their ability to prepare for...
The Math Behind the 15% Recommended Savings Rate
Retirement plan providers have done their research to come up with their recommended savings rate of 15% of income for individuals.
Retirement Income Solutions and Strategic Withdrawals
Thomas Dodd, executive director of Pavilion Advisory Group, speaks to the importance of implementing a strategic withdrawal plan once retirees initiate distributions of DC plan assets.
Are Annuities in DC Plans Necessary to Produce Optimal Retirement Income?
Though they made suggestions for improving lifetime income options for DC retirement plan participants, some who made comments to the ERISA Advisory Council suggested offering in-plan annuities may...
Health Care Unknowns Have Always Vexed Retirement Planners
A new “Cost of Long-Term Care” analysis published by Moll Law Group underscores the fundamental difficulty of planning for the health care unknowns faced by all retirement savers.
Plan Sponsors Missing Opportunities to Improve Employee Retirement Outcomes
While employers cited rising health care costs followed by outliving retirement savings as their biggest concerns for employees' retirement readiness, TIAA says surprisingly few have built retirement plan...
Changes Needed to Help Low-Income Workers Boost Retirement Income
A study looks at the hourly wage gap between college and high school graduates, and researchers suggest policy options to boost retirement savings that include financial literacy training,...
Retirees Cite Decline in Income as Reason for Bankruptcies
A study found the cost of health care was another top reason retirees filed for bankruptcy.
Financial Stress Hampers Employees’ Vision of Retirement
In a new Bank of America Merrill Lynch survey, 95% of employers who offer such benefits agree that their financial wellness programs have been effective at promoting work...
Health Care Costs Remain Retirement Planning Blind Spot
According to a new survey, 76% of employees say they understand the salient features of health savings accounts, or “HSAs,” yet only 12% could correctly identify the common...
Half of Retirement Savers Are ‘Chasers’
Fifty-four percent of respondents to an Allianz Life survey say that other expenses are interfering with their retirement savings, and 20% say they are saving for other financial...
Retirement Readiness Is Possible for Caregivers, But It’s Tough
It’s not hard to imagine why caregivers deprioritize their retirement savings; harder to figure out is how to support caregivers as they work to build their own financial...
A Mere 6% of Retirees Continue Working
But more than half of pre-retirees expect to hold down a job, PGIM found in a survey.
Pre-Retirees Expect to Need More Money Than What Retirees Spend
In the U.S., pre-retirees think they will need 74% of income, but retirees only receive 58%.
Participants Speak Clearly About Need for DC Account Income Planning
A new report published by Cerulli Associates draws out participant perspectives on the topic of DC plan decumulation, revealing that many of those leaving the work force feel...
Gen X, Millennials May Have Misguided Retirement Expectations
More than one-third of Gen Xers and Millennials have no retirement savings, and although many expect to rely on Social Security for a major portion of retirement income,...