Tag: guaranteed income

Interest in retirement income is rising among plan participants and plan sponsors, according to a variety of experts who participated in panel discussions at the recent SPARK Forum held in Palm Beach, FL.

Participants’ Perspectives

Participants are saying that not running out of money is important to them, Pensionmark Managing Director Jim Lyday told attendees. Jeremy Stempien, Principal, Portfolio Manager and Strategist at QMA, expressed a similar sentiment, remarking that surveys show that participants really want guaranteed income.Michael Schafer, Principal Client Relationship Executive at SS&C Retirement Solutions, told attendees at the session he was moderating that the idea of […]

Full Post at www.asppa-net.org

Abhijit Banerjee By Edward Hadas

LONDON — “What is common among a drought-affected farmer in India, a youth in Chicago’s South Side, and a 50-something white man who was just laid off?” That question exemplifies the approach of Good Economics for Hard Times: Better Answers to Our Biggest Problems . Abhijit Banerjee and Esther Duflo, two of the three winners of this year’s Nobel Prize in Economics, like to think both big and small.

The big starts with the book’s ambitions. Backed up by 55 pages of references, the two professors at the Massachusetts Institute of Technology tackle a daunting […]

Full Post at www.bworldonline.com

how to get out of an annuity Annuities can provide guaranteed income for retirement . But at some point, you may decide you no longer want or need an annuity you’ve purchased. If buyer’s remorse has you wondering if it’s possible to recover your investment, we’ve got news you can use: There are several ways to get out of an annuity if it is no longer a good fit for your financial plan.

How to Get Out of an Annuity

There are several reasons for wanting to get out of an annuity. For example, you might be able to […]

Full Post at finance.yahoo.com

Illustration by Jenn Liv When Diana Winalski joined International Paper in 2016 as head of 401(k) product management, the plan had all of the pieces in place to help its 49,000 employees save for retirement: auto-enrollment, matching benefits, and a wide range of investment choices and tools, among other bells and whistles.

Still, the plan had few good options for helping participants crack open their nest eggs and turn them into predictable retirement income.

“We’d done a wonderful job helping employees accumulate assets,” Winalski says. “But we needed to close the loop and do a better job helping them manage that […]

Full Post at www.barrons.com

Chris Dorney | Dreamstime.com Democrat John Kennedy was sworn in as the 35 th U.S. president on Jan. 20, 1961.

“ Ask not what your country can do for you – ask what you can do for your country , ” he said on that day and motivated an entire generation.

However, Democrats of today have reversed it. They ask: “What can your country do for you?”http://www.ushistory.org/documents/ask-not.htmToday’ Dems say: Your country can provide you with health care , regardless of your ability to pay for it. Your country can even pay you $1,000 per month guaranteed income and you don’t have […]

Full Post at www.newsmax.com

A single premium deferred annuity is a financial tool you can use to plan for retirement. It offer you guaranteed income, beginning at a date you specify, along with tax-deferred growth on your investment. If you’re considering this annuity for your retirement plan, here are the most important things you need to know.

Single Premium Deferred Annuity Explained

Understanding what a single premium deferred annuity is and how it works begins with understanding how you fund annuities. With some annuities , you pay the premiums in multiple installments. Others take one lump sum premium up front when you purchase […]

Full Post at www.kake.com

A missing piece of the retirement plan puzzle?

Annuities in 401k plans?

Not a common occurrence to date. The “last mile,” some call it.In fact, while companies already can offer annuities in their 401k lineups , just 9% do, according to the Plan Sponsor Council of America.The primary reason holding plan sponsors back—fear of legal liability if the annuity provider fails or otherwise fails to deliver—could very well be gone if the latest retirement reform legislation becomes law.The Setting Every Community Up for Retirement Enhancement (SECURE) Act stuck in the Senate as of press time (but quite possibly tacked on […]

Full Post at 401kspecialistmag.com

There’s a group of leading Utah legislators and members of Gov. Gary Herbert’s administration working to find a compromise with pro-public education and college officials over the state Constitution’s specific earmarking of income tax revenues for public school/college funding.

Public officeholders are staying mum on the group’s make-up and refusing to comment, telling UtahPolicy.com the negotiations are “very sensitive.” However, multiple legislative sources say the group is looking for a way to preserve public education funding without the specific constitutional earmark.

Some ideas under consideration, according to sources with knowledge of the negotiations, would allow more flexibility for local entities such […]

Full Post at utahpolicy.com