While the SECURE Act was supposed to help pave the way for adoption of retirement income solutions in defined contribution (DC) plans, new research finds that plan sponsors still have some concerns... Read More
Advertisement
Retirement Income
BY Ted Godbout | 1/31/2024
BY Nevin E. Adams, JD | 1/30/2024
Last week an article in an industry publication led with the title “401(k) experiment has failed, fueled U.S. retirement crisis, labor economist says.”
In what I am sure generated a fair number of... Read More
BY Ted Godbout | 1/26/2024
Prudential Financial announced Jan. 25 that it is collaborating with Fidelity Investments to address growing demand for a workplace retirement plan option that will convert participants’ retirement... Read More
BY Nevin Adams JD | 1/19/2024
December’s Social Security COLA didn’t keep pace with inflation, but a new report says that Social Security beneficiaries could be riding an inflation rollercoaster this year, courtesy of 2023’s 8.7... Read More
BY John Sullivan | 1/18/2024
The government should limit contributions or accumulations in tax-advantaged retirement plans—or tax the earnings each year—to address Social Security’s shortfall, a trio of high-profile industry... Read More
BY Nevin E. Adams, JD | 1/16/2024
Despite long being called the “third rail” of American politics, Social Security—or more precisely its viability—has reemerged as an issue in the 2024 presidential campaign.
It came up most... Read More
BY Nevin E. Adams, JD | 1/9/2024
Two headlines on NAPA Net caught my eye this past weekend—provocative “what if” type questions.
I’m talking about “Will Retirement Income Solutions Finally Break Through in 2024?” and “Will... Read More
BY John Sullivan | 1/8/2024
The benefits of delaying Social Security benefits are by now generally accepted. While not appropriate for everyone, waiting to age 70 (the maximum age allowed) means a 24% increase in benefits... Read More
BY Ted Godbout | 1/5/2024
Adoption of retirement income solutions within defined contribution (DC) plans hasn’t happened at the rate many thought possible, but the tide may finally be turning, according to one organization... Read More
BY NAPA Net Staff | 12/10/2023
Listen on iTunes | Listen on Spotify | Listen on Google Podcasts
What did the Setting Every Community Up for Retirement Enhancement (SECURE) Act’s passage in 2019 do for... Read More
BY Nevin E. Adams, JD | 12/5/2023
Over the years, so-called personal finance experts have provided valuable information—but also a smattering of misinformation—but I can think of none quite as egregious as some remarks recently made... Read More
BY Ted Godbout | 12/4/2023
A key theme that has emerged from Alight’s annual “hot topics” survey is that employers need more guidance on key provisions in the SECURE 2.0 Act before fully embracing them.
In looking at... Read More
BY John Sullivan | 11/29/2023
Will the widespread adoption of annuity options within the retirement plan ever happen? What will it take for plan sponsors to feel comfortable enough to include them in the investment menu?
The... Read More
BY John Sullivan | 11/28/2023
The problem of Social Security overpayments is only getting worse, according to a new report from the Social Security Administration.
The agency’s Fiscal Year 2023 financial report found that as... Read More
BY Ted Godbout | 11/13/2023
During the previous two editions of The State of Retirement Income, researchers at Morningstar recommended that the so-called 4% safe withdrawal rate for retirees should be lowered given current... Read More
BY NAPA Net Staff | 11/10/2023
Transamerica is adding the State Street GTC Retirement Income Builder (the Series) to its recordkeeping platform, joining State Street Global Advisors (SSGA), Global Trust Company (GTC) and ARS (... Read More
BY Ted Godbout | 10/31/2023
While it may come as no surprise, the sooner Congress implements reforms to the Social Security system, the lesser the impact might be on beneficiaries; but the closer it gets to 2034, when the trust... Read More
BY Charles E.F. Millard | 10/23/2023
During its strike, one of the UAW's demands has been that the auto companies restore traditional pensions. Less well-known, but noted in published reports, is that the negotiations have also... Read More
BY John Sullivan | 10/18/2023
COLAs aren’t cutting it.
The 3.2% Social Security cost of living adjustment (COLA) is well above the 2.6% average over the past two decades, according to The Senior Citizens League (TSCL).... Read More
BY John Sullivan | 10/17/2023
While tough to evaluate with apples-to-apples comparisons, Mercer and CFA Institute again released their annual Global Pension Index, which compares 47 retirement income systems, covering 64% of the... Read More
BY Ted Godbout | 10/12/2023
While it’s not nearly as high as the massive, inflation-fueled adjustment in 2023, Social Security recipients will still receive a modest cost-of-living adjustment (COLA) for 2024.
This morning,... Read More
BY Ted Godbout | 10/11/2023
New research suggests that one of the best actionable steps a person can take toward a secure retirement is creating a formal written financial plan.
Among the benefits of having a plan is that it... Read More
BY Ted Godbout | 9/26/2023
As if the stress from high inflation and the possibility of an economic downturn wasn’t already enough, add concerns about higher taxes on 401(k) plans and IRAs to the list of worries.
According... Read More
BY Nevin E. Adams, JD | 9/19/2023
My “retirement” isn’t even a year old—and for the most part, it’s played out pretty much as planned. There was, however, an area that caught us a bit flat-footed.
For us (and this has very... Read More
BY Ted Godbout | 9/19/2023
There’s some good new and some bad news in Goldman Sachs Asset Management’s (GSAM) just-released retirement report, which examines how plan participants are preparing for, transitioning to, and... Read More
Recent Comments