Retirement

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Spending in retirement falls with age, and not by choice
RETIREMENT PLANNING DEC 20, 2021
Spending in retirement falls with age, and not by choice

Most retirees are likely forced to cut down costs due to insufficient savings, a new paper from the Center for Retirement Research found.

Washington state to delay assessing long-term care premiums
RETIREMENT PLANNING DEC 17, 2021
Washington state to delay assessing long-term care premiums

Gov. Jay Inslee says legislators need time to refine the program, the Washington Cares Fund.

Nokia's $8.5B 401(k) held down by high fees, lawsuit claims
RETIREMENT PLANNING DEC 17, 2021
Nokia's $8.5B 401(k) held down by high fees, lawsuit claims

The case alleges fiduciary breaches based on the existence of cheaper investment options on the market than those used in the plan.

Voya sued for using own investments in 401(k) plan
RETIREMENT PLANNING DEC 16, 2021
Voya sued for using own investments in 401(k) plan

One of the lead plaintiffs in the class-action case appears to be the company’s former regional vice president of retirement sales.

Chief investment officers critical to success of DC plans, participants
RETIREMENT PLANNING DEC 15, 2021
Chief investment officers critical to success of DC plans, participants

CIOs from the leading DC record keepers, aggregators and broker-dealers discussed their greatest opportunities and challenges.

2022 outlook for Social Security
RETIREMENT PLANNING DEC 15, 2021
2022 outlook for Social Security

There's good and bad news on the horizon, including the biggest annual cost-of-living increase in 40 years, but also an offsetting rise in Medicare premiums.

Transamerica sued by 401(k) participant over data breach
RETIREMENT PLANNING DEC 15, 2021
Transamerica sued by 401(k) participant over data breach

A bug earlier this year let plan sponsor clients view outside participants' data, and one man claims he and others suffered consequences.

Talking trusts: A win-win
OPINION DEC 15, 2021
Talking trusts: A win-win

As the pandemic and possible tax law changes lead more Americans to think about their estate plans, advisers should take the opportunity to discuss estate planning and trusts with their clients.

Labor Department's ESG proposal attracts ire from the anti-'woke'
RETIREMENT PLANNING DEC 14, 2021
Labor Department's ESG proposal attracts ire from the anti-'woke'

The agency received a trove of public comments on its proposed ESG changes, and many were penned by people concerned about a perceived liberal agenda.

Hub acquires $3.4 billion plan consultant
RETIREMENT PLANNING DEC 14, 2021
Hub acquires $3.4 billion plan consultant

The principals of GRP Financial California will join Hub’s private wealth business.

That student loan crisis is about to get real, again
RETIREMENT PLANNING DEC 14, 2021
That student loan crisis is about to get real, again

Federal student loan borrowers have been clear that they are in no shape to start making payments again.

Rich business owners rethink retirement amid pandemic
RETIREMENT PLANNING DEC 14, 2021
Rich business owners rethink retirement amid pandemic

More than half of the individuals and families surveyed by BNP Paribas and Aon said they're altering the timetable for stepping away from their companies, with 41% delaying or phasing more slowly into a move.

401(k) adviser M&A doubles last year's record
RETIREMENT PLANNING DEC 13, 2021
401(k) adviser M&A doubles last year's record

There will likely be at least 70 deals for retirement adviser firms before the end of the year, according to Wise Rhino Group.

Hub notches 2 more benefits acquisitions
RETIREMENT PLANNING DEC 10, 2021
Hub notches 2 more benefits acquisitions

Hub is acquiring assets from Libertyville, Illinois-based Benefit Partners Group and Gold Sky Benefits.

Energy firm Exelon sued over 401(k)
RETIREMENT PLANNING DEC 10, 2021
Energy firm Exelon sued over 401(k)

Law firms representing the plaintiffs cite fiduciary failures in moving to in-house funds and high fees for record keeping and managed accounts.

2021: The year of the PEP
RETIREMENT PLANNING DEC 09, 2021
2021: The year of the PEP

It’s effectively a new market for the retirement plan industry, but it’s an incredibly big frontier.

Goldman says young workers are plotting early retirements
RETIREMENT PLANNING DEC 08, 2021
Goldman says young workers are plotting early retirements

A full 25% of Gen Z respondents in a new survey say they plan to retire before the age of 55.

How different are retirement portfolios built by investors, advisers?
RETIREMENT PLANNING DEC 08, 2021
How different are retirement portfolios built by investors, advisers?

Except for a big investment in real estate, there wasn't that much divergence, a recent survey found.

RPAs need a new name to reach the next level
RETIREMENT PLANNING DEC 08, 2021
RPAs need a new name to reach the next level

While 'retirement plan adviser' has been a good description of those who serve ERISA retirement plans, it's actually quite limiting to focus on the plan, rather than the participant.

Some Social Security checks to decline in 2022 due to IRMAA
RETIREMENT PLANNING DEC 08, 2021
Some Social Security checks to decline in 2022 due to IRMAA

Medicare high-income surcharges combined with higher Medicare premiums will take a bigger chunk of retirement benefits in the new year.