 |
|
|
|
|
August 26th, 2016 |
Lowest-Earning Households Have Dimmest Retirement ProspectsThe Center for Retirement Research at Boston College looked at the retirement preparedness of households in various socioeconomic groups and found that those in the lowest quartile are more likely to be unprepared for retirement at any given age. However, all socioeconomic groups in each of the four quartiles have a retirement gap.Read more > |
Biggest Retirement Fear is Inadequate SavingsWorkers expect the majority of their retirement income, 36%, to come from 401(k)s, 403(b)s or individual retirement accounts (IRAs), followed by Social Security (25%). However, 77% worry that Social Security may not be there by the time they retire.Read more > |
|
|
ASK THE EXPERTS
|
| Parents are failing to save additional money left over after their children become financially independent, according to a study. What can plan sponsors do to encourage more savings?Read more > |
|
|
Retirement Plans Driving Wider R6 Share OfferingsInstitutional investors, including employer-sponsored retirement plans, are generating significant demand for inexpensive and transparent investment vehicles.Read more > | House Republicans’ Proposals Consolidate Retirement ProvisionsA Neuberger Berman analysis of House Republicans’ tax and retirement policy proposals indicates fundamental tax reform is unlikely, but portends smaller changes.Read more > | Fidelity Faces Float Income Suit AgainA new proposed class action lawsuit filed in the U.S. District Court for the Northern District of California, San Jose Division, accuses Fidelity of improperly handling “float income,” which plaintiffs feel should be considered a plan asset and thus returned to plan accounts.Read more > | | MassMutual has selected Medallia, a producer of Customer Experience Management (CEM) software, to build a new customer feedback and response program. Using the new platform, MassMutual employees will be able to gather, analyze and act on client feedback in real time, MassMutual says.Read more > | | David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice. |
|
|
|
|
|
|
