Drew Carrington, who markets Franklin Templeton funds through jumbo 401(k) plans, believes that plans should include a “retirement tier” reserved for participants who are nearing retirement. His payout funds would fit nicely into that space.
At the ERISA Advisory Council's meeting this week and at an EBRI webinar, proposals to inject lifetime income elements into 401(k) plans were debated and evaluated.
The firm has launched a 60-day review of its individual retirement account policies and will consider keeping, relaxing or rolling them back, a source told Reuters.
The issue contains articles by retirement gurus David Blanchett, Alicia Munnell, and John Turner, plus a review by Sandy Mackenzie of Jack Bogle's latest book.
Global debt has hit a new high of 225% of world GDP. So, as the IMF’s new Global Debt Database shows, there has been no deleveraging at all at the global level since the 2007-2008 financial crisis.
Despite the harsh rhetoric about China from President Trump, China-focused equity funds are on track for their sixteenth consecutive monthly inflow.
Brief or late-breaking items from Nationwide, the Center for Retirement Research at Boston College, Prudential Financial, Charles Schwab and Milliman.