Corporate pension plans took a major hit in May, according to Milliman, with increased liabilities of $60 billion and investment losses of $30 billion.
The idea that Baby Boomers pulling all of their retirement assets out of the market at the same time might destroy the whole system is a bit far-fetched, experts say.
The ASPPA has taken issue with a recent white paper by Demos that claimed that 401(k) plans are draining participants' savings with hidden and excessive fees.
Financial advisors need to speak with women about disability planning in retirement, as single and married women are the most at risk when it comes to disability.