Spending in Retirement
Learn how to best work with clients to determine their optimal retirement spending plan.
DOL Releases Long-Awaited 401(k) Fee Disclosure Rule
By Melanie WaddellLabors Employee Benefits Security Administration said Thursday it would extend the compliance deadline of rule 408(b)(2) to July 1.
January 30, 2012
Rollovers Drive Increase in IRA Market ShareCerulli Associates announced Monday that total assets in the U.S. retirement market, including public and private defined-contribution, defined-benefit and individual retirement account markets, increased 9.6% in 2010 to $15.8 trillion.
January 30, 2012
Law Associations, Industry Groups Support Older Americans Act of 2011The National Academy of Elder Law Attorneys, a professional association of attorneys dedicated to improving the quality of legal services provided to the elderly and people with special needs, announced on Monday their support for Sen. Bernie Sanders, I-Vt., bill to reauthorize the Older Americans Act.
January 30, 2012
State Retirement Assets Up 10% in 2010: Census BureauRetirement assets in public employee systems increased more than 10% in 2010 to $2.2 trillion, the U.S. Census Bureau reported on Jan. 26.
January 27, 2012
Employers’ Confidence in Workers’ Retirement Readiness Suffers Dramatic DropDespite efforts to help workers improve their retirement security through features like automation, a report from Aon Hewitt released Wednesday found that just 4% of employers are very confident about their employees chance at a secure retirement, down from 30% in 2011.
January 27, 2012
Security Benefit, Mesirow Financial Team Up on Fiduciary ServiceSecurity Benefit and Mesirow Financial Investment Management Inc. recently joined forces to help employers offer a retirement plan for their employees, and to assume the fiduciary role of selecting investments for participants.
January 26, 2012
401(k)s to Overtake Pensions as Primary Retirement Vehicle in 2012: State StreetIn 2012, more people will save for retirement in 401(k)-type plans than in traditional pensions, which means employees need better guidance from plan sponsors, says State Street Global Advisors.
January 26, 2012
Small, Mid-Size Plans Hit DC ‘Sweet Spot’More than one-third of the defined-contribution plan market is made up of small- to mid-size plans, Cerulli Associates announced Thursday.