Blog

NAPA Net I’s Ted Godbout, reported on an online survey conducted April 9-20, 2018, by Convergys for Merrill Edge Report. The online survey polled 1,000 respondents with investable assets between $20,000 – $250,000. This report indicated that wealthy Americans still value in-person knowledge and expertise for financial advice over emerging technologies that are shaping the...Read More

The Retirement Income Gap What can cause a shortfall? Social Security – Timing is Everything What happens if you claim early? Retirement Accounts What can employees do to boost their savings? Helpful Hints for Plan Sponsors Upcoming Compliance Deadlines The Retirement Income Gap Many American workers participate in company retirement plans, methodically contributing to their...Read More

As reported by Lee Barney, at PlanSponsor.com, half of retirees indicate they spend less in retirement than they did when they worked. Retirees are less concerned than pre-retirees about their money lasting throughout retirement; rather, they are more concerned about declining health, according to a survey by Greenwald & Associates who conducted an online survey...Read More

Lee Barney from PlanSponsors.com, recently reported on an article in The Cerulli Edge – U.S. Asset and Wealth Management edition that Cerulli’s expectation is that the next major development in the retirement planning industry will be plans embracing retirement income now that millions of Baby Boomers are retiring. The article cited, “The Pension Protection Act...Read More

The Executive Director of PSCA, Jack Towarnicky, addressed a workshop at the April NAPA 401(k) Summit, reporting on the findings of their 2017 survey focusing on the impacts of autoenrollment and auto-escalation features. Towarnicky reported that auto-enrollments have virtually doubled since implementation – rising to 63% in 2016, from 32% in 2007. However, participation has...Read More