Retirement Income

An update of a so-called “study” has been making the rounds—again—and its authors have doubled-down (and then some) on the assumptions in an updated version. I’m referring to something called “The True Cost of Forgotten 401(k) Accounts (2023)”—an update to a report circulated about a year ago of... READ MORE

Social Security—often cited as a “third rail”—has been a staple of the retirement landscape for almost 90 years. But that doesn't mean that it’s free of misconceptions. A recent commentary highlights some to avoid.  In “5 Social Security Myths Debunked,” Fidelity points out some common assumptions... READ MORE

Compounding the problem of low financial literacy is “low longevity literacy,” or a lack of understanding of how long people tend to live in retirement. According to new research from the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University... READ MORE

If it wasn’t already a known commodity to industry stakeholders and workers saving for retirement, a new study finds that the 401(k) is becoming a non-negotiable benefit for job seekers.    When considering a new employer, nearly 9 in 10 workers (88%) say a 401(k) is a “must-have” benefit and... READ MORE

Recent research from the Investment Company Institute (ICI) sought to answer two critical questions on which retirement policy is often based—how do the amount and compositions of spendable income for individuals change from middle to old age? “There are constant proposals to overhaul Social... READ MORE

The first half of 2023 brought slow—but relentless—growth in assets and registrants for CalSavers, the state-run program that provides retirement plan coverage for private-sector employees whose employers do not. So reports the CalSavers Retirement Savings Board, which administers the program.... READ MORE

They may be on almost completely opposite ends of the country, but Colorado and Maine are cooperating in offering retirement plan coverage to their citizens.  Colorado Secure Savings program and the Maine Retirement Investment Trust (MERIT) on Aug. 11 established a partnership to provide... READ MORE

Participants’ understanding of their retirement plans and individual prospects can be more well-rounded and complete if they are educated on risk literacy, argues an industry expert.  Risk literacy is a “crucial aspect of participant education” that is often neglected, posits PlanPILOT Managing... READ MORE

With a labor shortage that’s expected to last through 2026 intertwined with a growing gig economy, employers may need to rethink their strategies and focus on creating a work environment that values employees and offers competitive benefits, a panel of industry experts suggests.  That was one of... READ MORE