With one month of consumer price data left to go before a final determination, it appears there will be a Social Security cost-of-living adjustment (COLA) for 2024, but it won’t be nearly as high as... Read More
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Retirement Income
BY Ted Godbout | 9/6/2023
The findings in a new survey suggest a need for financial advisers to discuss optimizing Social Security benefits with their clients, as large percentages of respondents across generations do not... Read More
BY John Sullivan | 9/5/2023
Everyone, relax. There is no retirement savings “crisis,” and you’re probably saving enough for retirement.
That’s the message in a recent op-ed in The Wall Street Journal, and a working... Read More
BY Ted Godbout | 8/21/2023
The Capital Group, home of American Funds, has joined efforts with Shlomo Benartzi’s PensionPlus to make it easy for retirement plan participants to create a highly personalized paycheck in... Read More
BY Ted Godbout | 8/14/2023
A newly released survey of plan sponsors reveals that many continue to broaden efforts to help participants achieve retirement security across employee financial wellness, plan design, and... Read More
BY John Sullivan | 8/14/2023
The effect of skipping past Social Security’s looming solvency deadline without a solution is by now widely known. If payroll taxes are the only available funds, Social Security will pay 77% of... Read More
BY Ted Godbout | 8/10/2023
Based on the latest consumer price data released Aug. 10, The Senior Citizens League (TSCL) estimates that the Social Security cost of living adjustment (COLA) for 2024 is looking increasingly like... Read More
BY NAPA Net Staff | 8/8/2023
The latest entrant into the retirement income space comes in the form of a new target-date fund.
Nuveen, the investment manager of TIAA, has just introduced the Nuveen Lifecycle Income Series, a... Read More
BY John Sullivan | 8/8/2023
We know waiting to claim Social Security benefits pays—to the tune of an extra 8% per year for every year after full retirement age, or 32% in total.
It’s one of the best deals in finance, and... Read More
BY Nevin E. Adams, JD | 7/31/2023
Regardless of plan sponsor sentiment, there’s also a pretty consistent understanding that advisors will wind up playing an essential role in overcoming the traditional objections to these solutions... Read More
BY Nevin E. Adams, JD | 7/25/2023
It’s widely said that 10,000 Boomers are heading into retirement every day—and survey after survey indicates that they are interested in some kind of “solution” to provide a dependable stream of... Read More
BY John Sullivan | 7/20/2023
Recent research from the Investment Company Institute (ICI) sought to answer two critical questions on which retirement policy is often based—how do the amount and compositions of spendable income... Read More
BY Nevin E. Adams, JD | 7/18/2023
Over the past couple of years, one of the most-clicked posts on NAPA-Net has been on a topic that is a bit of a head-scratcher.
I’m speaking, of course, of the (now-incessantly tracked), monthly... Read More
BY Ted Godbout | 7/12/2023
Talk about what a difference a year makes. This time last year, estimates showed that the 2023 cost-of-living-adjustment (COLA) for Social Security could exceed 10%. But after more than a year’s... Read More
BY Ted Godbout | 7/6/2023
There’s a new “e-Guide” for that, courtesy of Annuity Research & Consulting (ARC), which has launched a new educational website to help plan sponsors and advisors explain lifetime income... Read More
BY Nevin E. Adams, JD | 6/20/2023
I recently ran across a survey that claimed 7 in 10 DC plan sponsors were “taking steps” to solve the retirement income challenge… but that looks to have been “aspirational.”
While the survey’s[i... Read More
BY John Sullivan | 6/20/2023
The Republican Study Committee, a group of 175 House Republicans, released its plan last week to slash fiscal spending in what it says is an effort to reduce the $31 trillion national debt.
Among... Read More
BY NAPA Net Staff | 6/19/2023
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As retirement plan advisors certainly know, the reduction of defined benefit pension plans and the rise of their defined contribution counterparts means more Americans are more... Read More
BY John Sullivan | 6/13/2023
The Department of Labor said Tuesday that Consumer Price Index (CPI) data reflected easing inflation, falling to 4% in May, or roughly half of what it was in 2022.
For that reason, the... Read More
BY Ted Godbout | 6/8/2023
Limit spending, work longer, maximize contributions, buy annuities, delay claiming Social Security, buy long-term care insurance, increase equity allocations, or relocate to cheaper housing. These... Read More
BY NAPA Net Staff | 5/18/2023
There’s little argument that retirement income solutions are a need – but no real consensus that providing it is, or should be, a plan sponsor’s responsibility. Nevin (Adams) & Fred (Reish)... Read More
BY John Sullivan | 5/10/2023
The annual Social Security cost of living adjustment (COLA) will be “significantly lower” in 2024, one year after ringing in at 8.7%—the highest adjustment in four decades.
Driven by the declining... Read More
BY NAPA Net Staff | 5/8/2023
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What’s happening with lifetime income products in retirement plans? It’s a loaded question and a major topic but thankfully, we have Brendan McCarthy here to help us sort it... Read More
BY John Sullivan | 5/5/2023
Almost 70% of near-retirees either failed or barely passed MassMutual’s latest Social Security retirement benefits quiz. Over one-third failed (35%), and another one-third received a D (34... Read More
BY John Iekel | 5/1/2023
Warnings that Social Security’s long-term solvency is questionable are not new. But how about a little good news? A recent analysis suggests that maybe all is not lost.
The glass is half full,... Read More
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