Here I am again writing about the retirement income challenge facing employees. Most recently it was
This time it’s another actuarial group taking a leadership role in the form of a recent Discussion Paper, the title of which I used for my headline,
The Discussion Paper by the Lifetime Income Risk Joint Task Force of the
- Implement Federal Retirement Policies to Support Lifetime Income Needs
- Emphasize Financial Literacy and Education for Prospective Retirees
- Refocus Plan Design on Lifetime Income Needs
The first approach I’ll leave to our industry groups to advance. The second approach is one that you can expect to hear much more about from me. The third? That’s my responsibility to continue to work with employers and advisers who want to make a difference.
I’ve already started the conversation in this space:
The next big thing for 401(k) plans? Understanding Sponsors’ Concerns about In-401(k) In-Plan Life-Time Income Products Annuitization of 401(k)s: DOL Safe Harbor Addresses Fiduciary Concerns
Feel free to join in.
Jerry Kalish is President of National Benefit Services, Inc., a Chicago-based retirement consulting, actuarial, and administrative firm. He has been publishing