In this month's roundup, we learn that CEOs pay little attention to inflation. We also find out why retirees keep saving, why "centaurs" pick stocks so well, which financial biases keep people poor, and how working longer affects male mortality.
Raising the contributions limits in order to encourage saving by the under-saved seems as useful as raising the height of a basketball net to encourage the participation of shorter players.
Strength helps insurers withstand volatility: AM Best; T. Rowe Price announces fund fee reductions and a new TDF series; $13 million settlement in high-fee suit against Columbia's 403(b) plan; Ubiquity adds ESG options to plan offerings; Personalized TDFs from Cuna Mutual.
'The RMD change in the SECURE Act would make it easier for wealthy seniors to pass on retirement plan assets with any tax liability delayed for years,' writes our guest columnist, a senior fellow at the Urban Institute.
A timely new white paper from the Center for Retirement Initiatives at Georgetown University makes a case for these retirement plans, which try to blend elements of defined benefit pensions and of defined contribution plans in a best-of-both-worlds hybrid.