401(k) Specialist Issue 2 - 2019 - 7
401(k) NEWS YOU CAN USE
Surprise (Not)! Going Broke
Remains Top Retirement Concern
TO THE SURPRISE of no one familiar with the concept of retirement, running out
of money remains the top financial concern of clients planning for retirement. But
at least these clients aren't quite as concerned as they were a couple of years ago.
In the latest edition of the American Institute of CPAs (AICPA) Personal Financial
Planning Trends Survey, 30 percent of CPA financial planners say running out of
money in retirement is the single biggest worry of clients.
But the report notes that the finding marks a fairly significant improvement from
the AICPA's 2016 survey, which found 41 percent of clients listing it as a top concern.
The study attributes the improvement to the economy's steady improvement
over the last few years, with the stock market continuing
to climb (along with 401(k) plan balances) despite volatility.
ONLINE
EXTRA
FEELING
OLD YET?
" Hey Gen Z- It's Time to Think About Retirement (Saving) "
- Article, 401(k)specialist.com
How 'Alphabeticity Bias' in 401(k)s
Sways Outcomes (Seriously)
IF YOU'RE WONDERING why participants are overweight in the " AAA Large Cap Everything Fund "
this should shed some light. Funds listed at the beginning of 401(k) plan menus receive significantly
greater allocations compared to funds listed towards the end.
Using a proprietary database of plans, a research paper, " Alphabeticity Bias in 401(k) Investing, "
clearly shows that " alphabeticity " -the order that fund names appear when listed in alphabetical
order-significantly biases participants' investment allocation decisions.
It presents the example of a 401(k) plan that offers the following 13 funds options (listed in
alphabetical order in the plan offering):
* Brandywine
* Columbia Acorn
* Dodge & Cox Stock
* Fidelity Contrafund
* Fidelity Freedom Income
* Fidelity Puritan
* Forward Small To Mid Cap
* Harbor Capital Appreciation
* Pimco All Asset All Authority
* Pimco Commodity Real Return Strategy
* Royce Pennsylvania Mutual
* T. Rowe Price Blue Chip Growth
* Vanguard 500 Index
" We find that if the Royce fund changed its name to American Royce Pennsylvania Mutual (a
10-position increase, moving it to the top position when listed in alphabetical order), investment
in the fund would increase by roughly 20 percent, all else equal. "
ISSUE 2 2019 | 401kSpecialist.com
7
© Luboslav Ivanko | Dreamstime.com
© Vahe Aramyan | Dreamstime.com
http://www.Dreamstime.com
http://www.Dreamstime.com
http://www.401kSpecialist.com
401(k) Specialist Issue 2 - 2019
Table of Contents for the Digital Edition of 401(k) Specialist Issue 2 - 2019
Table of Contents
401(k) Specialist Issue 2 - 2019 - Cover1
401(k) Specialist Issue 2 - 2019 - Table of Contents
401(k) Specialist Issue 2 - 2019 - 1
401(k) Specialist Issue 2 - 2019 - 2
401(k) Specialist Issue 2 - 2019 - 3
401(k) Specialist Issue 2 - 2019 - 4
401(k) Specialist Issue 2 - 2019 - 5
401(k) Specialist Issue 2 - 2019 - 6
401(k) Specialist Issue 2 - 2019 - 7
401(k) Specialist Issue 2 - 2019 - 8
401(k) Specialist Issue 2 - 2019 - 9
401(k) Specialist Issue 2 - 2019 - 10
401(k) Specialist Issue 2 - 2019 - 11
401(k) Specialist Issue 2 - 2019 - 12
401(k) Specialist Issue 2 - 2019 - 13
401(k) Specialist Issue 2 - 2019 - 14
401(k) Specialist Issue 2 - 2019 - 15
401(k) Specialist Issue 2 - 2019 - 16
401(k) Specialist Issue 2 - 2019 - 17
401(k) Specialist Issue 2 - 2019 - 18
401(k) Specialist Issue 2 - 2019 - 19
401(k) Specialist Issue 2 - 2019 - 20
401(k) Specialist Issue 2 - 2019 - 21
401(k) Specialist Issue 2 - 2019 - 22
401(k) Specialist Issue 2 - 2019 - 23
401(k) Specialist Issue 2 - 2019 - 24
401(k) Specialist Issue 2 - 2019 - 25
401(k) Specialist Issue 2 - 2019 - 26
401(k) Specialist Issue 2 - 2019 - 27
401(k) Specialist Issue 2 - 2019 - 28
401(k) Specialist Issue 2 - 2019 - 29
401(k) Specialist Issue 2 - 2019 - 30
401(k) Specialist Issue 2 - 2019 - 31
401(k) Specialist Issue 2 - 2019 - 32
401(k) Specialist Issue 2 - 2019 - 33
401(k) Specialist Issue 2 - 2019 - 34
401(k) Specialist Issue 2 - 2019 - 35
401(k) Specialist Issue 2 - 2019 - 36
401(k) Specialist Issue 2 - 2019 - 37
401(k) Specialist Issue 2 - 2019 - 38
401(k) Specialist Issue 2 - 2019 - 39
401(k) Specialist Issue 2 - 2019 - 40
401(k) Specialist Issue 2 - 2019 - 41
401(k) Specialist Issue 2 - 2019 - 42
401(k) Specialist Issue 2 - 2019 - 43
401(k) Specialist Issue 2 - 2019 - 44
401(k) Specialist Issue 2 - 2019 - Cover3
401(k) Specialist Issue 2 - 2019 - Cover4
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2024
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2024
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2024
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2023
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2023
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2023
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2022
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2022
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2022
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2021
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2021
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2021
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2021
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2020
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2020
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2020
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2020
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2019
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2019
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2019
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2019
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2018
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2018
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2018
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2017
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2017
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2017
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2017
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2016
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2016
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2016
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2016
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2015
https://www.nxtbookmedia.com