They’re Relatively Well-Off

The median annual income for people over age 65 in the United States is only $18,000, including public assistance and financial help from friends and family. The average—skewed upward by the highest incomes—is almost $29,000.

Talking Annuities with AIG’s Todd Solash

Solash, who leads AIG's Individual Retirement business, spoke with us about the company's approach to the annuity market. The NAIC recently reported AIG's overall Life and Retirement businesses as having an industry-leading $18.4 billion in sales.

Risks that Can Ruin a Retirement, Part II

In retirement, "risk" can turn from an object of pursuit to an object of avoidance. In the second installment of a two-part article, our guest columnist continues his discussion of financial and other risks that retirees and advisors should anticipate.

Risks That Can Ruin a Retirement

In the first of a two-article series, the retirement expert, author and editor enumerates and describes the many risks that retirees face. (Spoiler alert: Mortality is not one of them.)
Featured

Reish & Reicher Comment on TDF Proposals

“We expect that the SEC proposals will be adopted much as proposed," says Fred Reish, the well-known ERISA lawyer. But a TDF expert says plan fiduciaries should do more than merely comply with them.
News

A Dynamic Approach to Sequence Risk

A new scholarly claims that sequence risk demands attention throughout retirement, not just during the years immediately before and after the retirement date.

RIJ Takes a Holiday

Retirement Income Journal will not be published July 28. The next issue will appear August 4, 2010.

TDF Demographics Revealed

The share of all 401(k) plan participants using TDFs increased from 25% in 2007 to 31% in 2008, a new study from the Employee Benefits Research Institute shows.

ASPPA Supports DOL-Mandated Fee Disclosure


Over time, the fees and expenses charged to DC plan accounts can take a substantial bite out of retirees’ retirement savings, said the CEO of the plan sponsor advisers and actuaries group.

Retirement Planning CE Course Offered

"Planning for retirement can involve multitudes of subjects. As individuals gain knowledge on the value of annuities, they will understand the benefit of this product," Quest CE said in a release.