Tag: financing retirement
The brief’s key findings are: Employers with 401(k)s are required to administer their plans for the “sole benefit” of workers, a standard that has been the subject of substantial litigation. Recent lawsuits have focused on excessive fees, although inappropriate investment options and self-dealing are other common reasons for suits. Court rulings in these cases often…
The brief’s key findings are: Annuities offer one way for retirees to turn savings into lifelong income, but these products are expensive. A less expensive alternative advocated by some finance experts is a “tontine,” a product that does not currently exist in the marketplace. A tontine would offer investors regular payments that start out smaller…
