PLANADVISER - March/April 2018 - 52
client communications
Retirement Income Options
W
Helping sponsors sort out what's best for retiring workers
hen 401(k) plans got their start
in the American workplace,
they were typically intended as
vehicles for individuals to save in, over
and above contributions made on their
behalf to a company's defined benefit
(DB) pension plan. They have evolved
considerably in the nearly 40 years
since then, to become a primary source
of
retirement
income-well-designed
machines that convert employees to
participants and invest their savings
efficiently, economically and, in many
cases, more or less automatically.
But today, the U.S. work force is
retiring in growing numbers, and
sophisticated mechanisms to complete
the cycle-i.e. turning those hardwon
assets into a systematic, longlasting
DB-style retirement income-
are conspicuously absent from many
plans.
" The accumulation phase is more
easily addressed through single solutions,
but retirement income is a
different ball game, as every retiree
has different objectives to be met, "
notes Lorie Latham, senior defined
contribution (DC) strategist at T.
Rowe Price Group in Baltimore. " As
an industry, we have swiftly moved
to handle the problem with products,
but I think that completely misses the
mark, " she adds. " It falls to the plan
sponsor community and its advisers
to understand how to meet those
objectives. "
For the individual, saving and
plenty
investing
for
retirement
is
challenging, requiring the sacrifice
of current income and consumption,
and sticking to that ground plan over
many years. But it is pretty straightforward,
especially with professionally
managed vehicles such as target-date
funds (TDFs) designed to maximize
risk-adjusted returns at a reasonable
cost and relieve participants of the
heavy lifting of selecting investments.
Not so for spending in retirement,
52 | planadviser.com march-april 2018
Art by Samuel Berenfield
http://www.planadviser.com
PLANADVISER - March/April 2018
Table of Contents for the Digital Edition of PLANADVISER - March/April 2018
2018 PLANSPONSOR Retirement Plan Adviser of the Year
Battling the Elements
Taking on Discretion
A QDIA In Transition
Working Down-Market
Retirement Income Options
2018 SEC Examination Priorities
Enforcement of the DOL Rule
Duty to Investigate
PLANADVISER - March/April 2018 - C1
PLANADVISER - March/April 2018 - FC1
PLANADVISER - March/April 2018 - FC2
PLANADVISER - March/April 2018 - C2
PLANADVISER - March/April 2018 - 1
PLANADVISER - March/April 2018 - 2
PLANADVISER - March/April 2018 - 3
PLANADVISER - March/April 2018 - 4
PLANADVISER - March/April 2018 - 5
PLANADVISER - March/April 2018 - 6
PLANADVISER - March/April 2018 - 7
PLANADVISER - March/April 2018 - 8
PLANADVISER - March/April 2018 - 9
PLANADVISER - March/April 2018 - 10
PLANADVISER - March/April 2018 - 11
PLANADVISER - March/April 2018 - 12
PLANADVISER - March/April 2018 - 13
PLANADVISER - March/April 2018 - 14
PLANADVISER - March/April 2018 - 15
PLANADVISER - March/April 2018 - 16
PLANADVISER - March/April 2018 - 17
PLANADVISER - March/April 2018 - 18
PLANADVISER - March/April 2018 - 19
PLANADVISER - March/April 2018 - 20
PLANADVISER - March/April 2018 - 21
PLANADVISER - March/April 2018 - 22
PLANADVISER - March/April 2018 - 23
PLANADVISER - March/April 2018 - 2018 PLANSPONSOR Retirement Plan Adviser of the Year
PLANADVISER - March/April 2018 - 25
PLANADVISER - March/April 2018 - 26
PLANADVISER - March/April 2018 - 27
PLANADVISER - March/April 2018 - 28
PLANADVISER - March/April 2018 - 29
PLANADVISER - March/April 2018 - 30
PLANADVISER - March/April 2018 - 31
PLANADVISER - March/April 2018 - 32
PLANADVISER - March/April 2018 - 33
PLANADVISER - March/April 2018 - 34
PLANADVISER - March/April 2018 - 35
PLANADVISER - March/April 2018 - 36
PLANADVISER - March/April 2018 - 37
PLANADVISER - March/April 2018 - 38
PLANADVISER - March/April 2018 - 39
PLANADVISER - March/April 2018 - Battling the Elements
PLANADVISER - March/April 2018 - 41
PLANADVISER - March/April 2018 - 42
PLANADVISER - March/April 2018 - 43
PLANADVISER - March/April 2018 - Taking on Discretion
PLANADVISER - March/April 2018 - 45
PLANADVISER - March/April 2018 - 46
PLANADVISER - March/April 2018 - 47
PLANADVISER - March/April 2018 - A QDIA In Transition
PLANADVISER - March/April 2018 - 49
PLANADVISER - March/April 2018 - Working Down-Market
PLANADVISER - March/April 2018 - 51
PLANADVISER - March/April 2018 - Retirement Income Options
PLANADVISER - March/April 2018 - 53
PLANADVISER - March/April 2018 - 2018 SEC Examination Priorities
PLANADVISER - March/April 2018 - Enforcement of the DOL Rule
PLANADVISER - March/April 2018 - Duty to Investigate
PLANADVISER - March/April 2018 - C3
PLANADVISER - March/April 2018 - C4
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