Tag: Retirement Income

Actuaries with the Social Security Administration (SSA) have determined a comparison of benefits relative to wage-indexed career-average earnings is the best approach for calculating income replacement rates.

Many small business owners in the U.S. have trouble focusing on their own retirement preparedness, despite generally high levels of personal wealth and financial savviness.

The Social Security Administration has declared this week “National my Social Security Week.”

Thirty-six percent of Americans polled have not saved any money for retirement, according to a new Bankrate.com report.

The lack of key considerations, such as the effect of future contributions to retirement plans, leads some research to paint an inaccurate picture of Gen X’s retirement readiness.

Current conditions in the retirement benefits arena make in-plan lifetime income solutions a difficult proposition for many plan fiduciaries, despite growing demand for the products.

Providing financial support for family members is throwing a wrench in some Americans' plans for retirement.

Four new tablet-friendly retirement readiness modeling tools from Wealth Management Systems Inc. (WMSI) help users set and track retirement savings goals based on projected income needs.

“In contrast to the accumulation stage, retirement income is very personal,” Amy Cribbs, head of Participant Experience at Vanguard in Malvern, Pennsylvania, tells PLANADVISER.

A recent Federal Reserve report suggests many U.S. households are faring well on short-term finances, but sizable fractions of the population are failing to prepare adequately for retirement.

Current workers and retirees would trade control of managing their retirement assets for investment growth, flexibility and guaranteed lifetime income in an income solution, a survey finds.

Employers can quickly boost outcomes in their defined contribution (DC) retirement plans by improving participants’ Social Security withdrawal behaviors, a new analysis suggests.

Unprepared Baby Boomers face a bleak decision as they enter their mid-60s—work beyond the traditional retirement age or risk running out of money down the line.

Having an actual plan makes a big difference to achieving retirement goals, and having an actual adviser makes a big difference in having that plan, research says. 

In an effort to combat participant inertia, more plan sponsors are considering the process of re-enrollment, says a recent brief from J.P. Morgan Asset Management.

Many single parents prioritize saving for their children’s college costs over saving for their own retirement, according to an Allianz study.

The complexity of Social Security benefit formulas and insecurity about the program’s solvency make it difficult for individuals to factor it into their retirement income planning.

Retirement plan sponsors should recognize that different age groups have different financial priorities and investment outlooks, according to Cogent Reports, a division of Market Strategies International.

A lack of succession process readiness, along with valuation issues, makes selling an independent advisory practice unfavorable for many advisers, says a new CLS Investments analysis.

An analysis published recently in the Benefits Law Journal guides plan officials through the process of building a fiduciary framework for selecting lifetime income options.