Editor’s Note: this is the second in a two-part series on what can be done to help those who about to retire or already have to better prepare to finance their retirements. Part one is here... Read More
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Retirement Income
BY Nevin E. Adams, JD | 11/1/2022
The academics are at it again.
In a paper provocatively titled “The Life-Cycle Model Implies that Most Young People Should Not Save for Retirement” no fewer than four of them take 48 pages to make... Read More
BY NAPA Net Staff | 11/1/2022
Allianz Life’s latest guaranteed lifetime income product—Allianz Lifetime Income+ Annuity with the Lifetime Income Benefit—is now available in defined contribution plans nationwide, according to an... Read More
BY Ted Godbout | 10/23/2022
With retirement income becoming a top-of-mind issue in the defined contribution investment-only (DCIO) asset manager community, annuities apparently are gaining traction as an embedded component of... Read More
BY Ted Godbout | 10/19/2022
While most employees plan to rely on 401(k) savings to be their largest source of retirement income, only a small portion are confident in their ability to generate a retirement income strategy and... Read More
BY Nevin E. Adams, JD | 10/13/2022
There’s been a lot of bad news recently associated with the impact of inflation—but Social Security recipients got some good news this morning—and it bodes well for retirement savers as well.... Read More
BY Ted Godbout | 10/7/2022
As Americans experience the impact of inflation, a new survey finds that employee interest in guaranteed lifetime income investment options has apparently increased since 2021, but a few barriers... Read More
BY David Blanchett | 9/29/2022
Financial planning tools and retirement research predominately assume that retirement spending is effectively static, where the annual spending amount increases annually with inflation, regardless of... Read More
BY Ted Godbout | 9/15/2022
Despite knowing they could receive larger payments, very few American workers are planning to wait until age 70—the age at which an individual reaches their maximum monthly benefit—to begin taking... Read More
BY Ted Godbout | 9/13/2022
With one month of consumer price data left to go before a final determination, it appears near certain that the Social Security cost-of-living adjustment (COLA) for 2023 will be the highest in more... Read More
BY Ted Godbout | 8/10/2022
Despite inflation dropping a bit last month, the nation is still looking at the highest COLA since 1981 when it was 11.2%, according to new estimates by The Senior Citizens League (TSCL).
While... Read More
BY Michael P. Barry & Brian Donohue | 8/4/2022
The fundamental factor driving the retirement crisis is the increasing cost of an “adequate” retirement. Retirement is, just like housing or food, a necessity. We are all going to get to the point... Read More
BY Ted Godbout | 7/14/2022
Based on the latest Consumer Price Index (CPI) data for June and the corresponding rise in inflation, the 2023 Social Security cost-of-living adjustment (COLA) could be the highest in... Read More
BY Ted Godbout | 7/11/2022
There is growing interest among plan sponsors in offering a retirement income solution. But how does a DC plan sponsor go about choosing the right one?
To assist in evaluating suitable product... Read More
BY Nevin E. Adams, JD | 6/14/2022
This weekend is, of course, Father’s Day—but my dad’s decision to retire was driven more by time than timing.
Like many of his generation, once he got to 65, it was time to “retire.” He didn... Read More
BY Ted Godbout | 6/10/2022
Coming on the heels of the latest trustees’ report showing that Social Security faces long-term funding problems, legislation has been introduced in both the House and Senate that seeks to expand... Read More
BY Nevin E. Adams, JD | 6/7/2022
Last week the Treasury Department’s Social Security Board of Trustees released its annual report in a classic case of good news, bad news.
The good news, of a sort, was that the date through... Read More
BY Ted Godbout | 6/1/2022
One of the biggest decisions upon retirement is deciding when to claim Social Security, yet a surprising number of near-retirees still lack even basic knowledge about how the program works. ... Read More
BY Tamiko Toland | 5/25/2022
Lifetime income solutions are a hot topic in defined contribution—and people have questions! Here, we touch on five common objections and concerns that arise around the rationale for including these... Read More
BY Ted Godbout | 5/13/2022
While the final Social Security cost of living adjustment won’t be known for several months, the latest Consumer Price Index data suggests that next year’s COLA is approaching double digits.... Read More
BY NAPA Net Staff | 5/5/2022
The Retirement Income Consortium has launched—with the “shared goal of supporting greater access for workers to retirement income solutions”—and the American Retirement Association is a member.... Read More
BY Judy Ward | 4/27/2022
Will a new generation of lifetime income products finally gain traction in the market? In the cover story in the latest issue of NAPA Net the Magazine, Judy Ward has answers from some industry... Read More
BY Ted Godbout | 4/27/2022
Since the start of the pandemic, plan sponsors appear to have become less sure that traditional target date funds meet employees’ retirement needs and are expressing interest in the next generations... Read More
BY Nevin E. Adams, JD | 4/1/2022
It’s ironic that programs designed to provide retirement income pay so little attention to the realization of that objective—this week, ahead of some NAPA Summit sessions on the topic—we asked... Read More
BY NAPA Net Staff | 3/31/2022
Annexus Retirement Solutions has joined forces with State Street Global Advisors—the world’s fourth largest asset manager—to develop a target date fund (TDF) with an embedded income solution for the... Read More
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