Lower income, less savings, higher health costs and longer life expectancy contribute to the disparity, but anecdotal and statistical evidence point to a shrinking margin.
Transportation is one of the highest expenditures for older Americans, yet many advisers aren't pushing the mobility conversation with clients.
Eliminate over-allocations to the U.S. market by encouraging plan sponsors to add international options to menus and explaining diversification benefits to participants.
If circumstances are such that an investor can no longer afford premium payments, the last thing they should do is do away with the contract, according to one expert.
IUL now makes up the majority of all universal life insurance sales, and more insurers are looking to take advantage of the rising popularity.
Advisers say more mega-sized defined contribution plans taking up lifetime income provides a signal to the broader retirement market.
