Thu, Sep 16, 2010
One witness at the DoL/Treasury hearings this week asserted that mandatory annuitization of DC assets at retirement is needed. The government, as well as sponsors and plan providers, have largely ruled that out.
Wed, Sep 15, 2010
At this week’s hearing on in-plan income options, industry executives asked the DoL for several kinds of regulatory relief—especially a safer ‘safe harbor.’
Wed, Sep 15, 2010
The government “spends” $118 billion a year on tax-deferred accounts whose complexities discourage many people from using them, according to the President's Economic Recovery Advisory Board.
Tue, Aug 24, 2010
Financial Engines CEO Jeff Maggioncalda expects his firm to roll out an in-plan income option to DC participants in late 2010 or early 2011. He won't reveal details, but there are clues to his intentions. Photo by Robyn Basso.
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Retirement Income Journal is an online magazine dedicated to writing for and about the industry that has coalesced around the challenge of helping Americans turn their savings into secure lifetime incomes. This industry includes members of the insurance, asset management, banking, pension, structured products, reverse mortgage, information technology, financial planning and academic communities and the professional organizations that serve them.
Send editorial queries to kerry.pechter@retirementincomejournal.com.
