Tag: Retirement Income
Half of Retirement Savers Are ‘Chasers’
Fifty-four percent of respondents to an Allianz Life survey say that other expenses are interfering with their retirement savings, and 20% say they are saving for other financial...
Retirement Readiness Is Possible for Caregivers, But It’s Tough
It’s not hard to imagine why caregivers deprioritize their retirement savings; harder to figure out is how to support caregivers as they work to build their own financial...
A Mere 6% of Retirees Continue Working
But more than half of pre-retirees expect to hold down a job, PGIM found in a survey.
Pre-Retirees Expect to Need More Money Than What Retirees Spend
In the U.S., pre-retirees think they will need 74% of income, but retirees only receive 58%.
Participants Speak Clearly About Need for DC Account Income Planning
A new report published by Cerulli Associates draws out participant perspectives on the topic of DC plan decumulation, revealing that many of those leaving the work force feel...
Gen X, Millennials May Have Misguided Retirement Expectations
More than one-third of Gen Xers and Millennials have no retirement savings, and although many expect to rely on Social Security for a major portion of retirement income,...
Retirees More Worried About Health Than Money
Ninety-one percent believe their savings will last throughout their lifetime, MassMutual found in a survey.
Most Retirees Only Withdrawing Required Minimum Distribution
A mere 21% feel confident about drawing down their retirement plan assets, Ameriprise Financial found in a survey.
Considerations for Helping Terminating and Retiring Participants
“If a plan sponsor can invest in an adviser or other person to provide direction for terminating or retiring employees, that would be extremely helpful,” Terry Dunne, from...
Dividends, Brokerage Accounts Key Sources of Retirement Income
Together, they supply 40% of retirees’ income.
Myths and Realities About Spending in Retirement
Some people are running out of money in retirement, but many are refusing to spend and are living below their means. Are they doing so out of fear,...
An Uncommon Argument Against Greater Savings
In a frank conversation with PLANADVISER, Andrew Biggs points to some common misconceptions about retirement income replacement among lower income groups.
Social Security Uncertainty Must Inspire Concerted Action
Commenting on new Social Security deficit projection figures published this week, Rob Fishbein, corporate counsel at Prudential Financial, says it’s not time to hit the panic button yet—but...
Experts Probe Potential Signs of Variable Annuity Sales Recovery
Variable annuities continue to face challenges in the wake of transaction processing disruptions caused by the now-vacated DOL fiduciary rule; however, experts anticipate sales to recover as business...
Social Security Board Revises Depletion Date, Calls for Congressional Action
The Social Security OASI Trust Fund is projected to become depleted in late 2034, as compared to last year’s estimate of early 2035.
Cerulli Foresees 401(k)s Embracing Retirement Income
With many Boomers retiring, the research firm says the industry is at “an inflection point.”
Practice Management
The Retirement Purse
Should a participant's TDF still seek returns after he crosses the finish line?
Workplace Demographics Shape a New Understanding of Retirement
Take a couple that is healthy and retiring today at age 65; the probability of at least one member of this couple living to age 75 is 97%,...
Older Americans Have Learned to Balance Income and Spending
A survey from the Society of Actuaries suggests that if retirees are able to survive financially to age 85, concerns about finances drop significantly.