Here you’ll find coverage and commentary about the full range of investment vehicles used for retirement planning, as well as insight into what’s performing — and not performing — for investors.
The Senate Special Committee on Aging held a hearing on June 15 to examine ways to leverage prizes and technology to influence savings behavior.
Connecticut State Comptroller Kevin Lembo (D) and State Treasurer Denise Nappier (D), who co-chair the Connecticut Retirement Security Board (CSRB) created earlier this year to come up with a plan, are looking for public comment on a market feasibility study on the feasibility of a state-sponsored retirement plan for all private sector employees. It is due to the legislature by Jan. 1, 2016.
Experience, it is said, is the most difficult teacher, because she always gives the test before she gives the lesson. Join us for a complimentary webcast on Friday, Oct. 10 from noon to 12:50 p.m. ET to hear NTSA Elite Advisor winners’ and nominees’ insights on how they overcame “shoulda, woulda, coulda...” to build successful practices.
The IRS and the Department of Labor are actively encouraging lifetime income and enhancing retirement security. The most recent part of that effort is a final regulation the IRS released that permits longevity annuities in retirement plans and IRAs. But will this guidance actually change participant behaviors? Or is it much ado about nothing?
Relying on the traditional methods for determining a client’s tolerance for risk can be risky in itself, according to Michael Kitces, speaking at the 2014 NTSA 403(b) Summit in Washington, D.C., on June 24. Kitces is a partner and director of research at the Pinnacle Advisory Group.
The federal government and U.S. workers agree that the Affordable Care Act (ACA) — a.k.a. Obamacare — will affect the timing of retirements. However, IFAwebnews reports that there’s a wide gap between what the government and many workers expect that effect to be, according to a survey conducted for MoneyRates.com.
Simplified investment platforms are becoming more common for 403(b) plans, and target date funds are among the most widespread investment options, according to the Plan Sponsor Council of America’s sixth annual 403(b) plan survey. The Principal Financial Group sponsored the study.
The funded status of public- and private-sector pension plans is a classic example of bad news/good news. To wit: Some states’ pensions are in bad shape, but funding of public-sector pension plans overall is improving; corporate pensions’ funded status fell in April, but only very slightly.
According to research by ING, plan participants who use TDFs are more confident about meeting their retirement goals. They also defer more and are less stressed. In an online survey of more than 1,000 plans conducted last September by ING, 54 percent of investors who chose TDFs said they are confident about meeting their retirement goals — compared with 41 percent of those who do not use TDFs.
The words have barely faded from the teleprompter, but retirement experts have wasted no time in expressing caution regarding the “myRA” retirement accounts President Obama unveiled in his State of the Union Address. Chris Carosa of Fiduciary News provides a comprehensive list of 10 reasons to be cautious about myRAs.
The National Tax-Deferred Savings Association is a non-profit professional society.
The materials contained herein are intended for instruction only and are not a substitute for professional advice.
Copyright 2018 by NTSA
American Society of Pension Professionals & Actuaries
4245 N. Fairfax Drive, Suite 750 | Arlington, VA 22203
P. 703.516.9300 | F. 703.516.9308