Americans Saving an Average of 8% for Retirement
A speaker at PSCA’s 71st Annual National Conference suggests reports of Americans retirement savings inadequacy are overblown and offers data to back that up.
Tag: Retirement Income
Health Care Expenses Are Americans’ Biggest Retirement Fear
Paying off debt is their second greatest fear, Franklin Templeton found in a survey.
Inappropriate Investments, Excessive Fees, Self-Dealing Most Common Reasons for ERISA Lawsuits
The rise in lawsuits is prompting more sponsors to turn to lower-cost index funds—and could prevent them from offering lifetime income products.
Investors Want to Discuss Risk and Retirement Income
While 80% of investors say their adviser discusses risk tolerance, only 50% say they bring up the subject of guaranteed lifetime income.
Employees Need Help Addressing Barriers to Retirement Saving
Workers who are unprepared for retirement are five times as likely as those who are prepared to cite high living expenses as a barrier to retirement planning. They...
Americans’ Lack of Social Security Knowledge Shows
Tina Ambrozy, president of sales and distribution at Nationwide, warns of a major disconnect between what consumers think their Social Security benefit will be—and what this amount will...
Why Are Retirees Spending Down So Slowly?
EBRI questions whether retirees are just determined to preserve their assets or whether they need more education about spending assets in retirement—both have implications for retirement plan advisers...
Don’t Run Out of Money, Have a Retirement Income Plan
In a guest article written for PLANADVISER, Thomas Dodd, executive director of Pavilion Advisory Group Inc., compares and contrasts common retirement income strategies—including the pros and cons of...
Single Female Retirees Worry the Most About Longevity Risk
Forty percent of single retirees overall do not think their savings will be enough if they reach age 90.
Most Americans Do Not Know How Much Retirement Savings Is Needed
This is particularly high among Gen Z (69%), Millennials (64%) and Gen X (66%), a survey found.
Vanguard Guide Helps Define Retirement Goals, Risks, and Resources
Vanguard analysts have published a new framework to help guide retirees as they set investment goals, define their risk budget, plan for health care expenses, and tackle other...
Retirees Say Life Is More Expensive Than They Had Imagined
Health care costs, especially, come with sticker shock
Employees Accept Responsibility for Retirement Security
However, asked if they would prefer to be left to their own devices to invest or have their employer provide them a set retirement paycheck for life, 58%...
Client Communications
Retirement Income Options
Helping sponsors sort out what’s best for retiring workers
Trendspotting
Avoiding Financial Shocks
By cutting back, retirees can absorb money-related hardships
Baby Boomers Not Doing Enough to Prepare for Retirement
Many Baby Boomers have not saved enough, a survey found, and many are also not thinking of important elements of a plan for retirement.
Intro
Par Excellence
Celebrating the 2018 PLANSPONSOR Retirement Plan Adviser of the Year finalists and winners
Prudential Introduces its First Online Income Product
Employers may offer employees the opportunity to purchase an annuity through payroll deductions.
Individual Account Retirement Plans the Dominant Source of Retirement Income
EBRI also found not only do individual account assets make up a large portion of families’ financial assets, but those with individual account assets also have substantially higher...
Pension Plans Need Help Crafting and Executing De-Risking Strategies
By the end of the calendar year 2017, the discount rate used by companies sponsoring pension plans in the S&P 500 had fallen to the lowest level measured...