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Guaranteed Income
Many factors make preparing financially for retirement planning complicated. A recent blog post posits that there is a hierarchy to competing financial concerns, and understanding that hierarchy can help one to better — and more effectively — prepare for and finance retirement.In “Behavioral Biases...
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A new survey offers some compelling insights about Millennial savers.Millennials are already the largest workforce demographic, or course – and they haven’t all gotten to the workplace yet. A new JPMorgan survey provides three critical findings from their research on the attitudes toward saving and...
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There is a disconnect between knowing one should be ready for retirement and actually being so. Recent research doesn’t just convey bad news in that regard, however — there’s good news, too.In “2017 Financial Security National Survey of Private Sector Employed Adults Age 18-64,” a study conducted...
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With health care reform off the table (at least for the moment), Congress will now turn to… tax reform.Over the weekend, House Ways & Means Committee Chairman Kevin Brady (R-Texas) said he aims to move a tax reform bill through his committee this spring. According to Reuters, Brady said he...
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Workplace retirement plans are often, and rightfully, designed to help workers get to retirement — but why stop there?“Turning savings into a reliable, lifelong income stream is challenging,” writes Vanguard Institutional Investor Group Managing Director Martha King in a recent blog post. “Not only...
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The future is an uncertain thing, and planning for uncertainty inevitably involves making some assumptions.Here are six that, done improperly, can wreck your retirement.How Long You’ll LiveThe good news we are living longer – but that means that retirements can last longer, and medical costs can...
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The Pension Benefit Guaranty Corporation (PBGC) and the Sears Holding Corporation have reached a new agreement to protect Sears’ two pension plans.PBGC and Sears finalized a pension plan protection agreement under which Sears agreed to protect the assets of certain special purpose subsidiaries...
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Drains on retirement income abound. That’s natural in the course of daily life. But one of them — long-term disability — is largely unheralded, despite its being less than rare, argues a recent analysis.In “Addressing the Risk of Long-Term Disability on Retirement Income,” an article appearing in...
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Study after study shows that when given the opportunity to save in a workplace retirement plan, Americans do just that — but reports of a new study claim that only a third are saving money in an employer-sponsored or tax-deferred retirement account.That study — more precisely a draft of a study...
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Study after study shows that when given the opportunity to save in a workplace retirement plan, Americans do just that — but reports of a new study claim that only a third are saving money in an employer-sponsored or tax-deferred retirement account.That study — more precisely a draft of a study...
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Study after study shows that when given the opportunity to save in a workplace retirement plan, Americans do just that — but reports of a new study claim that only a third are saving money in an employer-sponsored or tax-deferred retirement account.That study — more precisely a draft of a study...
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Though a recent survey suggests that while most workers expect their retirement plan returns will continue to match past experience, they could be well off the mark.BlackRock reports that new consensus forecasts by Horizon Actuarial — based on a survey of 35 financial industry firms (including...
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There’s strong support for employer involvement in facilitating retirement saving. Not only that, a healthy majority of workers at employers that do not offer a retirement plan would save for retirement if they were given access to a plan, says a recent study.In “Workers and Retirement Programs:...
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When it comes to spending in retirement, a lot could come down to where you live.That’s the conclusion of new research by the nonpartisan Employee Benefit Research Institute (EBRI), which finds large variations in spending by older households across the country.According to “Geographic Variation in...
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When it comes to spending in retirement, a lot could come down to where you live.That’s the conclusion of new research by the nonpartisan Employee Benefit Research Institute (EBRI), which finds large variations in spending by older households across the country.According to “Geographic Variation in...
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When it comes to spending in retirement, a lot could come down to where you live.That’s the conclusion of new research by the nonpartisan Employee Benefit Research Institute (EBRI), which finds large variations in spending by older households across the country.According to “Geographic Variation in...
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Timing, it is said, is everything. If that’s the case, financial wellness may offer yet more proof of the validity of that premise. Recent studies indicate that employers are increasingly interested in financial wellness — and that it can’t come soon enough.So what exactly is financial wellness?...
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The Pension Benefit Guaranty Corporation (PBGC) has released information on the pension plan benefits it paid in 2015 by state.The PBGC in 2015 paid out benefits of more than $5.6 billion to approximately 840,000 retirees in the United States. It paid $100 million or more to retirees in each of 17...
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President Trump’s nominee for Secretary of Labor is slated for a Senate hearing Feb. 16 — and if the list of questions from Sen. Elizabeth Warren (D-Mass.) is a harbinger, it’s going to be a contentious one.Ahead of that Feb. 16 hearing before the U.S. Senate Committee on Health, Education, Labor...
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U.S. Rep. Vern Buchanan (R-Fla.) has introduced bipartisan legislation to make it easier for small businesses to offer retirement benefits to employees. It’s not the first time Buchanan has done so; he introduced an earlier iteration in the waning days of the 114th Congress in December 2016.H.R....
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