Few adults would go without auto, home, life or health insurance. But the kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized. It's called a deferred income annuity or a longevity annuity.Read More
Congress is considering two bills that would make it easier for plan sponsors to include annuities in their 401(k) plans, according to a Cerulli Associates report.Read More
Two years after its launch, OregonSaves, the state-run retirement program for private-sector employees, is reporting $25 million saved for retirement.Read More
An analysis found defaulting a portion of balances in deferred income annuities (DIAs) would boost income for retirees later in life, and researchers offered suggestions for implementation by defined contribution (DC) plan sponsors.Read More
The SECURE Act, currently with the US Senate after being passed by the US House of Representatives, is expected to create additional market opportunities for the retirement and employee benefits industries.Read More
“This time is different.” We’ve heard it before. We heard it when technology stocks were skyrocketing in the late 90s, and then just before the real estate bubble burst a decade ago.Read More
A growing number of employers are exploring ways to help 401(k) participants turn their savings into a sustainable income in retirement, even ahead of Congress passing legislation that would make it easier to do so.Read More
Pension policy specialists have explained why you might care about “portability” — one of the little-discussed, complicated-sounding provisions in the major retirement bills now in play in Congress.Read More
The (mostly) pros and cons of including deferred lifetime income annuities as a default in employer provided 401(k) plans are investigated in a new research paper from Brookings Economic Studies program.Read More
