401(k) Specialist Issue 2 - 2022 - 6
401(k) NEWS YOU CAN USE
The Promise of Portfolio Income Insurance
PRESERVING CLIENT SPENDING in retirement is a critical objective
for financial advisors that continues to grow in importance as
Americans live longer, stirring fears of longevity risk. Not only are
financial advisors asked to preserve their client's spending capacity
in retirement, but they are still expected to yield returns to a portfolio.
What's the answer?
Dr. Michael Finke, Ph.D., CFP, believes it could be a Contingent
Deferred Annuity (CDA). RetireOne released a whitepaper, drafted in
partnership with Finke, focused on the value of portfolio income insurance
in the form of a CDA. Insuring a retiree's portfolio is a topic
that is timely given the recent market volatility, low interest rate environment
and America's aging population living longer, fuller lives.
In the whitepaper, " Portfolio Income Insurance: Understanding
the Benefits of a Contingent Deferred Annuity, " Finke found that the
certainty of lifetime income provided by a CDA may give individual
investors the assurance to spend confidently. It also gives them confidence
to continue to invest in equities without the fear
that a market downturn will force them to spend much
less than planned in retirement.
ONLINE
EXTRA
Employer Skepticism of 'Traditional' Target
Date Funds Grows...
CONCERNS FROM EMPLOYERS over the effectiveness of traditional
target-date funds (TDFs) in achieving successful retirement
outcomes are on the rise, according to TIAA.
The survey revealed that 66% of employers feel TDFs will help
employees meet their retirement income needs, down from 78% in
a previous survey in 2020.
TIAA, which offers lifetime income products like annuities, also
mentioned that " three-quarters of employers now say they are highly
interested in a new generation of TDFs that gear towards some
allocation of lifetime income. "
Though 77% of employees continue to say that saving for retirement
is their top priority, more than half say that the pandemic has
increased their anxiety about their ability to retire when they want.
" As employers grow skeptical of traditional TDFs, more employees
say they are very or extremely interested in Guaranteed Lifetime
Income (GLI) within retirement plans than they were in 2020 (54%
in 2022 v. 51% in 2020), and nearly half say their interest increased
during the pandemic, " the company added.
6
ISSUE 2 2022 | 401kSpecialist.com
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401(k) Specialist Issue 2 - 2022
Table of Contents for the Digital Edition of 401(k) Specialist Issue 2 - 2022
Table of Contents
401(k) Specialist Issue 2 - 2022 - Cover1
401(k) Specialist Issue 2 - 2022 - Table of Contents
401(k) Specialist Issue 2 - 2022 - 1
401(k) Specialist Issue 2 - 2022 - 2
401(k) Specialist Issue 2 - 2022 - 3
401(k) Specialist Issue 2 - 2022 - 4
401(k) Specialist Issue 2 - 2022 - 5
401(k) Specialist Issue 2 - 2022 - 6
401(k) Specialist Issue 2 - 2022 - 7
401(k) Specialist Issue 2 - 2022 - 8
401(k) Specialist Issue 2 - 2022 - 9
401(k) Specialist Issue 2 - 2022 - 10
401(k) Specialist Issue 2 - 2022 - 11
401(k) Specialist Issue 2 - 2022 - 12
401(k) Specialist Issue 2 - 2022 - 13
401(k) Specialist Issue 2 - 2022 - 14
401(k) Specialist Issue 2 - 2022 - 15
401(k) Specialist Issue 2 - 2022 - 16
401(k) Specialist Issue 2 - 2022 - 17
401(k) Specialist Issue 2 - 2022 - 18
401(k) Specialist Issue 2 - 2022 - 19
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401(k) Specialist Issue 2 - 2022 - 39
401(k) Specialist Issue 2 - 2022 - 40
401(k) Specialist Issue 2 - 2022 - 41
401(k) Specialist Issue 2 - 2022 - 42
401(k) Specialist Issue 2 - 2022 - 43
401(k) Specialist Issue 2 - 2022 - 44
401(k) Specialist Issue 2 - 2022 - Cover3
401(k) Specialist Issue 2 - 2022 - Cover4
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