Retirement Income

The Pension Benefit Guaranty Corporation (PBGC) has updated its Pension Insurance Data Tables by providing the first installment of 2019 data concerning its Single-Employer and Multiemployer Programs and the private defined benefit pension system.  Highlights of information from this installment... READ MORE

The IRS has updated the questions and answers it provides concerning coronavirus-related relief for retirement plans and IRAs. It also has added information on issues pertaining to partial termination of a qualified retirement plan under Section 209 of the Taxpayer Certainty and Disaster Tax Relief... READ MORE

Born between 1981 and 1996, Millennials represent the fastest-growing share of the investor market and their influence is only going to get bigger for years to come, according to a new study.  Broadridge's Insights on U.S. Investors, which looks primarily at the retail investment marketplace,... READ MORE

April is, of course, National Financial Literacy Month—and for as long as I can remember, the retirement industry has been talking about the need for some kind of personal finance education in public schools—there’s just one problem. First off, there actually are such programs already in existence... READ MORE

Editor’s Note: This is the second in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first installment is here.  The Department of Labor’s Employee Benefits Security Administration (EBSA) on... READ MORE

While Michael P. Barry’s recent post titled “Interest Rate Stabilization: It’s a Good Thing,” certainly does a fine job of summarizing the recent developments in defined benefit (DB) funding well, it may not be a good thing for all parties.   I agree that Pension Protection Act of 2006 (PPA) “... READ MORE

CalSavers, the retirement plan the state of California provides for employees whose employers do not provide one, showed growth in many areas in March. The growth, however, was more modest by some measures than that in February.  The CalSavers Retirement Savings Board reports that the number of... READ MORE

The COVID-19 pandemic has reshaped the ways in which many investors are spending and saving their money, but one priority that has not changed all that much: preparing for retirement. Among those who had previously determined when they would retire, 69% of them said their goal has not changed... READ MORE

Several factors are placing pressures on the U.S. retirement system, leaving the industry facing a decelerating revenue growth outlook, but a new report suggests there are “opportunities hiding in plain sight.”  Rising industry-wide fee pressure is one area placing constraints on the profitability... READ MORE