8 metrics to aid in annuitizing a DC retirement plan
While analyzing nearly 300 different retirement income strategies, researchers devised 8 metrics to help retirees and planners compare different retirement income solutions as they seek to annuitize retirement savings.
By Marlene Y. Satter |
Updated on January 29, 2018
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Researchers devised 8 metrics to help retirees and planners compare different retirement income solutions as they seek to annuitize retirement savings. (Photo: Shutterstock)
A new study has crunched the numbers to find a way to help would-be retirees to turn their retirement savings into retirement income.
The study “How to ‘Pensionize’ Any IRA or 401(k) Plan,” a collaborative effort between Steve Vernon, consulting research scholar at the Stanford Center on Longevity, and the Society of Actuaries, sought to find a way that middle-income workers could beef up the effects of their retirement savings on their own and even use the information to decide whether they were financially prepared to retire or whether they should work longer, or even part time.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
The new retirement bill, aimed at expanding retirement coverage for workers not covered by an employer plan, would likely lead to worse retirement outcomes for most Gen Z and millennial workers, according to the Morningstar Center for Retirement's new research.
Retirement plans were a hot button issue for union workers, who wanted Boeing to bring back their lost pension plans, however, Boeing said they were “prohibitively expensive.”
Inaccurate provider data can lead to frustrated clients and stress on your business relationships. These are the top do’s and don’ts to ensure the data you rely on as a benefits advisor is as accurate and helpful as possible.
Employers are revamping their benefits strategies--but are they offering what employees truly want? Discover the seven key elements shaping workplace benefits in 2025 to help your clients enhance satisfaction, retention, and enrollment.
In 2025, you are uniquely positioned to make a real difference for your clients--both financially and in the wellness of their employees. Full of tips ranging from goal setting to relationship building, this is your guide to being a better partner this year, and beyond.