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Retirement Income
A new survey reveals that more Americans have made saving a top priority during the pandemic, but also that many aren’t sure whether they’ve saved enough for retirement.
According to Schroders’ second annual U.S. Retirement Survey, saving for the future is among the top three activities...
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After prioritizing COVID-related initiatives in 2020, a new survey finds that many defined contribution plan sponsors expect to return to their pre-pandemic priorities.
The results of NEPC’s Defined Contribution COVID Impact Poll reveal that nearly half of all respondents expect a return to “...
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Many proposals have been floated to address the long-term solvency of the Social Security system, among them raising the full retirement age (FRA) so that benefits are claimed later in life. But while that may help the system, Social Security recipients may not consider it as great a boon, says a...
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Retirees face a difficult job figuring out how to draw down their 401(k) and often claim Social Security the earliest they can, but a new white paper suggests that a “Social Security bridge” could be a helpful solution.
In “How Best to Annuitize Defined Contribution Assets?,” Alicia Munnell, Gal...
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Despite one of the most challenging periods in recent memory, a new study finds that DC plans continued to perform their critical role in preparing workers for retirement.
Throughout 2020, the majority of the more than 1.1 million participants in over 1,000 John Hancock open architecture DC...
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Proliferation of technological applications and the need to increase retirement plan participation and savings. Seems like a match made in heaven. A panel of experts recently discussed how that pairing is faring and how it can function better.
In “Better Technology, Better Retirement Savings:...
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A year ago today [March 16] was the last time I was in our office with it full of colleagues. Like many of you, we came in, packed up, and headed home—prepared to work from there for a couple of weeks, perhaps a month.
Of course, that didn’t turn out to be the case.
And yet—as an industry,...
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Self-directed participants who stood pat in the face of volatility and early 2020 market lows were rewarded with solid gains, according to the latest findings from Charles Schwab’s SDBA Indicators Report.
The firm’s year-end 2020 report of participant investment activity within self-directed...
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A new study by the Employee Benefit Research Institute examining individual account (IA) retirement plans finds that defined contribution balances grew modestly between 2016 and 2019, but their prevalence is much higher than they were in 1992.
In "The Status of American Families’ Accumulations in...
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There is strong support for all workers having access to a pension plan, a recent study has found.
Dan Doonan and Kelly Kenneally, who respectively serve as National Institute on Retirement Security (NIRS) Executive Director and communications counsel, report in the new NIRS issue brief on...
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The pandemic’s ill effects go beyond the obvious and literal, and include its impact on employment—which can affect retirement readiness. A recent study finds that the pandemic is pushing many faculty members at institutions of higher learning to consider retiring early, which would have an effect...
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Remember the required minimum distribution (RMD) rules and the recent changes that have been made to them, the IRS reminds. It issued the reminder in a March 16 news release that highlights those changes.
SECURE Act
The Setting Every Community Up for Retirement Enhancement (SECURE) Act changed...
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While there is a lot of discussion about how COVID-19 has affected retirement security, a new paper suggests that things could have been a lot worse.
COVID could have worsened the picture for 401(k) plans if financial markets had collapsed, the recession had led to widespread withdrawals, or...
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A recent paper was titled “COVID 19 Is Not a Retirement Story.” A week later, an article on Forbes.com said: “COVID-19 Is Most Certainly a Retirement Story.” So, which is it?
As it turns out, the former was authored by the folks at the Center for Retirement Research (CRR) at Boston College—who...
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Did you ever think that four tiny little provisions in one little bill could cause so much confusion in the retirement plan industry? Did you ever think that one bill could cause you to spend enough time on webinars to complete your continuing education credits not only for this year, but also for...
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While it seems clear the pandemic has caused financial strain to many, a new study suggests there are signs of hope when it comes to retirement planning activity.
According to Allianz Life’s 2021 Retirement Risk Readiness Study, nearly half (49%) of respondents to the firm’s survey said they...
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A federal appellate court has ruled that Fidelity’s FundsNetwork supermarket is… a supermarket, and again rejected claims that Fidelity’s relationship with those fund companies made it a fiduciary.
The Gist
Ultimately, while the appellate court acknowledged that Fidelity does have some fiduciary...
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Punxsutawney Phil may have predicted six more weeks of cold at the outset of February, but he was dead wrong regarding the fortunes of the 100 largest private-sector pension plans, according to a recent report. They had a good month, much like the hypothetical plans monitored regularly in two other...
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A recent industry trade article questions the efficacy of saving early for retirement—and notes that there “may even be such a thing as saving too much.”
What launches that premise is a research paper titled “Is Automatic Enrollment Consistent with a Life Cycle Model?” That turns out to be a...
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There is concern regarding the effect of the pandemic on retirement security, and yet some of the more dire expectations have not come to fruition. That was the message of co-authors of a recently released report on retirement security, who offered a closer look at their findings.
In a Feb. 25...
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