Remember the Romney IRA? Now there’s a new hue and cry and it could spell trouble for Roth IRAs, and Roth IRA conversions.
The trouble began last Thursday when ProPublica published an article... Read More
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Retirement Income
BY Ted Godbout | 6/25/2021
In what is described as leaving money on the table, a new survey finds that few near-retired Americans are planning to wait until the age they become eligible to claim maximum Social Security... Read More
BY Ted Godbout | 6/23/2021
A new report by Cerulli suggests that many larger plan sponsors have an interest in retaining the assets of retired participants, while providers say that some of their larger plan sponsor... Read More
BY Ted Godbout | 6/21/2021
Investors apparently are eager for financial protection, but financial professionals continue to underestimate how much their clients are looking for protected income in retirement, according to a... Read More
BY Ted Godbout | 5/19/2021
A new survey reveals a major disconnect in perceptions between the expectations of retirement among those who are still working and the experiences of those who have already retired. ... Read More
BY Ted Godbout | 5/13/2021
Next year’s cost-of-living adjustment (COLA) for Social Security—a precursor of what can be expected for retirement plan contribution and benefit limits—could be the highest since 2009. ... Read More
BY Ted Godbout | 4/27/2021
While most DC plans offer tools and advice on achieving retirement objectives, retirement income solutions are still not commonplace and are not even among the top priorities of plan sponsors. ... Read More
BY Ted Godbout | 4/6/2021
Deciding when to claim Social Security benefits has significant financial ramifications for retirees, but a new poll finds that a striking percentage of near-retirees still lack even basic knowledge... Read More
BY Nevin E. Adams, JD | 3/5/2021
An intriguing “consortium” of retirement plan providers have teamed up on a new QDIA offering that incorporates a retirement income solution.
The product—tagged Income AmericaTM 5ForLife—is a... Read More
BY Nevin E. Adams, JD | 2/23/2021
A recent industry trade article questions the efficacy of saving early for retirement—and notes that there “may even be such a thing as saving too much.”
What launches that premise is a... Read More
BY Ted Godbout | 2/23/2021
Retirees face a difficult job figuring out how to draw down their 401(k) and often claim Social Security the earliest they can, but a new white paper suggests that a “Social Security bridge” could be... Read More
BY Steff Chalk | 2/10/2021
Plan sponsors and fiduciaries have a lot on their minds these days. One’s duty as a retirement plan fiduciary often can be the most challenging of all job functions. Yet rarely is a new plan sponsor... Read More
BY Nevin E. Adams, JD | 2/2/2021
Today is the day upon which America turns its attention to Punxsutawney, PA (and what seems to be a rapidly expanding array of Punxsutawney Phil wannabes) to get a read on the duration of winter... Read More
BY Ted Godbout | 2/1/2021
Thanks to the SECURE Act, lifetime income options may become more widely available, but a new blog post suggests that plan sponsors may need to consider more than a one-size-fits-all solution. ... Read More
BY Nevin E. Adams, JD | 12/1/2020
Most of the focus on retirement savings is on those who haven’t saved enough, or who lack access to the platforms to make saving enough easy. But even those that have done the “right” things can... Read More
BY Nevin E. Adams, JD | 5/12/2020
You have to hand it to the Washington Post. At a time when millions of working Americans are finding a financial lifeline in their retirement savings, they managed to find in the questionable... Read More
BY Ted Godbout | 3/5/2020
Thanks to the Pension Protection Act and its resulting innovations, most retirement plan participants are more likely to be on track to a secure retirement, according to a new white paper. ... Read More
BY John Iekel | 2/25/2020
Recent reports by the Congressional Research Service (CRS) have outlined its projections regarding how long Social Security will remain solvent and the consequences when that ends. The CRS... Read More
BY John Iekel | 11/19/2019
Interest in retirement income is rising among plan participants and plan sponsors, according a variety of experts who participated in panel discussions at the recent SPARK Forum held in... Read More
BY John Iekel | 10/11/2019
The Social Security Administration (SSA) on Oct. 10 announced that the monthly Social Security and Supplemental Security Income (SSI) benefits will increase 1.6% in 2020. The change will... Read More
BY John Iekel | 9/26/2019
The Congressional Budget Office has issued an update to its long-term projections concerning Social Security.
The CBO provides such updates annually. The latest update ... Read More
BY Ted Godbout | 9/10/2019
A new study suggests that a growing number of U.S. employers are adding, or are interested in adding, lifetime income solutions to their DC plans. But a closer look reveals some... Read More
BY Ted Godbout | 6/14/2019
Consumers remain impacted by a stigma over annuities, but the appeal of guaranteed lifetime income products climbs sharply when framed as part of a clear retirement income strategy, new research... Read More
BY Ted Godbout | 4/22/2019
While there’s some good news in the Trustees report for the nation’s retirement security system, there’s also some not-so-good news.
First, the good news. The combined asset reserves of the Old-... Read More
BY Ted Godbout | 4/19/2019
As plan auto-features become widely accepted, plan sponsors are increasingly turning their attention to retirement income strategies, according to a new survey of large and mid-size... Read More
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