The findings of a new survey suggest that plan sponsors and professionals should be proactive in providing education and advice, as most near-retirees indicate they are looking for help to maximize retirement benefits while minimizing taxes.
According to Allspring Global Investments’ 20th annual retirement survey , guaranteed income, savings targets, tax management, and the complexity of Social Security and Medicare benefits are among the areas about which near-retirees could use some guidance.
“As fewer participants retire with employer-sponsored defined benefit plans, concerns of the newly retired are more evident with each passing year,” explains Nate Miles, Head of Retirement at Allspring. […]
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