401(k) Specialist Issue 3 - 2023 - 43

401(k) PRODUCT WATCH
'The American Dream 401(k)' Debuts from
Matson Money
RIA MATSON MONEY announced the launch of " The American Dream
401(k) " to help empower employees to invest for retirement by discovering
their " true purpose for money. "
Matson Money, a federally Registered Investment Advisor founded in
1991 by Mark Matson, designed The American Dream 401(k) for businesses
and entrepreneurs to take on and implement a 401(k) solution that
can place them in the driver's seat for how they want to help enable their
employees to save for retirement.
In a press release, Matson Money said The American Dream 401(k) is
guided by two primary principles inherent at the company:
* First, educating investors to help them understand what they are
doing with their money and why. It begins with helping empower
investors to discover their " True Purpose for Money. " Through
education, investors saving for retirement can be empowered to stay
prudent and disciplined to help build wealth and avoid speculating
and gambling with their hard-earned money.
* Second, applying the science of investing to their 401(k) through the
" Matson Method, " built on more than 30 years of experience backed
by Nobel Prize-winning investing principles, empirically tested
academic research, and the study of human behavioral science and
performance. These concepts are combined to create a systematic
way of investing.
The company says its focus on training and developing advisors on
how to support clients in transforming their relationship with money-
including both the mathematical and the human dimensions of wealth
creation-can ignite a powerful exploration of their financial future.
Middle-Class Americans Likeliest
to Adopt Annuities
MORE MIDDLE-CLASS AMERICANS are utilizing annuities to accumulate
retirement income.
The 2022 Survey of Owners or Individual Annuity Contracts reports
that 81% of 950 annuity owners say collecting sufficient income for
retirement is a main driver as to why they've kept their annuity, and 93%
believe they have done " a very good job " of saving for retirement.
Eighty-eight percent believe that owning annuities is a " good way " of
ensuring their surviving spouse has continued income, while 84% say
that the idea of receiving guaranteed payments for the rest of their lives
was a main driver in purchasing an annuity. Another 84% add that annuities
are an important source of their retirement security.
As a result, 93% of annuity owners say they are confident in their retirement
preparedness and 74% see their annuities as a financial cushion in
the case that they or their spouse live beyond life expectancy. Seventy-nine
percent also view annuities as an effective way to protect against
the costs of catastrophic illness or nursing home care during retirement.
More than eight in 10 owners (81%) cite the tax treatment of individual
annuities as important to their savings decision, and 69% say this feature
has allowed them to set aside more retirement savings. Nine in 10 say
they try not to withdraw from their annuities before retirement to avoid
paying extra taxes.
The research comes as annuity sales jump 27% in the first half
of 2023, reported LIMRA in its recent findings. According to LIMRA's
Second Quarter 2023 Annuities Industry Estimates, total
U.S. annuity sales increased to $181.1 billion for the first
six months of the year.
ISSUE 3 2023 | 401kSpecialist.com
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401(k) Specialist Issue 3 - 2023

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