Tag: 401(k)
Recent experiment suggests they’re interested, and more information would increase participation. Although annuities would ensure retirees higher levels of lifetime income, reduce their likelihood of outliving their resources, and alleviate some of the anxiety associated with post-retirement investing, the market for annuity products is miniscule. Explanations for the low demand include the high cost…
Ignoring future earnings and contributions produces meaningless numbers. In my view, one of the best things to come out of the SECURE Act of 2019 is the requirement that plan sponsors “give savers a realistic illustration of how much monthly retirement income they could expect to purchase with their account balance.” Shifting the focus…
