Retirement Plan Sponsors Could Do More to Improve Employee Retirement Outcomes
TIAA supports offering lifetime income options and makes other plan administrative and design suggestions to alleviate plan sponsors’ concerns about...
Tag: Retirement Income
Wage Inequality Will Exacerbate Retirement Income Inequality
If the hourly wage gap between college and high school graduates continues to grow at its current pace, the impact...
Inadequate Income, Health Expenses Top Reasons for Retiree Bankruptcies
Researchers’ analysis of data from the current Consumer Bankruptcy Project suggests that financial struggles, namely a decline in income, was...
Employees Overestimate Knowledge About HSAs
Bank of America Merrill Lynch’s 2018 Workplace Benefits Report also finds men and women show different levels of financial stress.
Many Millennials, Gen Xers Don’t Expect to Receive Social Security
Yet, a significant number are not saving for retirement at all.
Benefits |
One Year In, Assessing the Progress of OregonSaves
In a broad statement marking the first anniversary of the OregonSaves program, State Treasurer Tobias Read suggests the pace of...
Expectations About Income Needed in Retirement May Be Too High
In the U.S., pre-retirees think they will need 74% of their income to live comfortably in retirement, but retirees actually...
Cerulli: Participants Are ‘Generally Clueless’ About DC Plan Decumulation
A new Cerulli Associates survey suggests that at least half of 401(k) plan participants have no idea what to do...
Only 20% of Workers Believe They Are Saving Adequately for Retirement
On top of this, more than three in four worry Social Security could be extinct by the time they retire.
Gen Xers Show Stunted Retirement Preparedness
More than one-third of Gen Xers say they have no money at all saved for retirement, and 29% expect Social...
MetLife Accused of Failing to Pay Retirees Covered by Pension Risk Transfers
The company is facing lawsuits by a retirement plan participant whose assets were transferred to MetLife as well as by...
Retirees Say Income Replacement Needed Not As High As Pre-Retirees Think
Half of retirees say they spend less in retirement than they did in their working years.
Retirees Find Creating a Drawdown Strategy Is Complex
"Having a plan in place to manage their finances can help retirees feel confident about spending their assets and address...
Brokerage Accounts, Dividends Critical Sources of Retirement Income
Together, they supply 40% of retirees’ income.
PSNC 2018: Planning for Post-Employment
Retirement plan sponsors have a fiduciary duty to help plan participants who terminate or retire and provide them the tools...
Companies Form Alliance for Lifetime Income
Its objective is to educate Americans about the importance of protected lifetime income solutions.
PSNC 2018: Spending in Retirement and Financial Shocks – Fact and Fiction
EBRI’s Lori Lucas tells PLANSPONSOR National Conference attendees that retirees actually spend less than the industry suggests employees save for...
When Saving More Harms Workers’ Financial Future
In the DC retirement plan industry, it is simply taken for granted that everyone should be saving more and that...
Benefits |
Without Bold Action, Social Security Woes on the Horizon
Prudential Financial experts anticipate Social Security’s funding shortfall will likely result in program changes over time, such as reducing cost-of-living...
Signs of Annuity Market Stabilization After DOL Fiduciary Rule Derailment
Data from Morningstar demonstrates variable annuity net assets fell 1.6% to $1.95 trillion during the first quarter of 2018, versus...