“The day after President Trump signed the repeal , we had a press conference and announced that we were proceeding as planned,” said Katie Selenski, executive director of the California Secure Choice retirement plan.
'There is evidence that employees are pretty oblivious to tax considerations when they save, whether in traditional accounts or Roth accounts,' writes our guest columnist, an expert in behavioral finance.
RIAs appear to realize 'that alternative pricing structures may be critical to attracting new clients,' according to a new study from Fidelity Clearing & Custody Solutions, a division of Fidelity Investments.
Since 2012, when auto-enrollment was launched in Britain, workplace pension participation in the public and private sectors has increased to 78% in 2016 from a low of 55% in 2012, according to the government.
'Annuitization decisions can be improved by getting people to think about how annuities help people avoid running out of wealth in old age,' said the Wharton School's Olivia Mitchell, co-author of new research about annuity purchasing behavior.
For emerging market companies that face a shortage of hard currency, cryptocurrencies like Bitcoin and Ethereum represent a potential alternative to US dollars.
A typical 40-year-old worker who borrows 30% of his 401(k) savings might reduce his available retirement income by 15% and delay his retirement to age 70 instead of age 65, at great expense to his employer, according to MassMutual.
Retirement Income Journal will not publish on December 28th. The next issue will appear on January 4, 2018. We wish all our readers and advertisers a safe and happy holiday and a prosperous new year.