PLANADVISER - November/December 2019 - 14

trendspotting
In the Near Future
Just a matter of time before retirement income becomes widespread, experts say
RETIREMENT plan advisers should familiarize
themselves with the various
approaches to retirement income,
says Bob Melia, executive director of
the Institutional Retirement Income
Council (IRIC). " Certain advisers are
making this a centerpiece of their
practice, or a value-add, " Melia says.
more
" As retirement income becomes
important
to plan sponsors,
advisers on top of their game in terms
of best practices are more likely to win
new business when plans go out to bid
TALKING POINT
Illiquidity of Home Equity
Reverse mortgages will likely be the
most useful retirement income vehicle
for people with wealth concentrated in
residential real estate, according to Wade
Pfau, professor of retirement income at The
American College of Financial Services.
14 | planadviser.com November-December 2019
Art by Núria Tamarit
for new advisers, " he says.
Indeed, according to the 2019 Lifetime
Income Solutions Survey by Willis
Towers Watson, 30% of employers say
they have adopted one or more lifetime
income solutions, up from 23% in
2016. Additionally, 60% say they would
consider offering their employees lifetime
income solutions in the future.
" Our clients are asking about
retirement income, but it isn't a topic
of discussion every quarter, " says
Martin Schmidt, a principal with MAS
Advisors LLC. To date, MAS Advisors'
clients are gingerly approaching
the retirement income dilemma by
offering managed accounts, education
and planning tools about retirement
income and, occasionally, an out-ofplan
annuity solution, Schmidt says.
Melia says pending pieces of
legislation, specifically the Retirement
Enhancement and Savings Act
(RESA) and the Setting Every Community
Up for Retirement Enhancement
(SECURE) Act, which promote retirement
income, are driving this interest.
" These pieces of legislation would give
sponsors a straightforward safe harbor
to offer guaranteed income products,
provide for portability and require
recordkeepers to issue statements for
participants at least once a year that
would show what their balance would
equate to each year if it were annuitized, "
he says.
" There are three major gaps in the
retirement system: the coverage gap,
the savings gap and the income gap,
the latter of which is complex, " says
Christine Stokes, head of DCIO [defined
contribution investment only] strategy
at Nuveen. " The retirement industry,

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PLANADVISER - November/December 2019

Table of Contents for the Digital Edition of PLANADVISER - November/December 2019

Foul Weather Fund
2019 PLANADVISER Practice Benchmarking Survey
Streamlining the Process
To Surmount the Gender Gap
NQDC Guidance
Employee-Owned
Continued Growth
The Extent of Obligation
Cyberfraud
How to Protect Participant Data
PLANADVISER - November/December 2019 - C1
PLANADVISER - November/December 2019 - FC1
PLANADVISER - November/December 2019 - FC2
PLANADVISER - November/December 2019 - C2
PLANADVISER - November/December 2019 - 1
PLANADVISER - November/December 2019 - 2
PLANADVISER - November/December 2019 - 3
PLANADVISER - November/December 2019 - 4
PLANADVISER - November/December 2019 - 5
PLANADVISER - November/December 2019 - 6
PLANADVISER - November/December 2019 - 7
PLANADVISER - November/December 2019 - 8
PLANADVISER - November/December 2019 - 9
PLANADVISER - November/December 2019 - 10
PLANADVISER - November/December 2019 - 11
PLANADVISER - November/December 2019 - 12
PLANADVISER - November/December 2019 - 13
PLANADVISER - November/December 2019 - 14
PLANADVISER - November/December 2019 - 15
PLANADVISER - November/December 2019 - 16
PLANADVISER - November/December 2019 - 17
PLANADVISER - November/December 2019 - Foul Weather Fund
PLANADVISER - November/December 2019 - 19
PLANADVISER - November/December 2019 - 20
PLANADVISER - November/December 2019 - 21
PLANADVISER - November/December 2019 - 22
PLANADVISER - November/December 2019 - 23
PLANADVISER - November/December 2019 - 2019 PLANADVISER Practice Benchmarking Survey
PLANADVISER - November/December 2019 - 25
PLANADVISER - November/December 2019 - 26
PLANADVISER - November/December 2019 - 27
PLANADVISER - November/December 2019 - 28
PLANADVISER - November/December 2019 - 29
PLANADVISER - November/December 2019 - 30
PLANADVISER - November/December 2019 - 31
PLANADVISER - November/December 2019 - Streamlining the Process
PLANADVISER - November/December 2019 - 33
PLANADVISER - November/December 2019 - 34
PLANADVISER - November/December 2019 - 35
PLANADVISER - November/December 2019 - To Surmount the Gender Gap
PLANADVISER - November/December 2019 - 37
PLANADVISER - November/December 2019 - NQDC Guidance
PLANADVISER - November/December 2019 - 39
PLANADVISER - November/December 2019 - 40
PLANADVISER - November/December 2019 - 41
PLANADVISER - November/December 2019 - Employee-Owned
PLANADVISER - November/December 2019 - 43
PLANADVISER - November/December 2019 - Continued Growth
PLANADVISER - November/December 2019 - 45
PLANADVISER - November/December 2019 - The Extent of Obligation
PLANADVISER - November/December 2019 - Cyberfraud
PLANADVISER - November/December 2019 - How to Protect Participant Data
PLANADVISER - November/December 2019 - C3
PLANADVISER - November/December 2019 - C4
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