MassMutual: Whole life insurance cash values can be overlooked source of retirement income Nearly 45 percent of U.S. households are “at risk” of not having enough to maintain their living standards in retirement, according to the National Retirement Risk Index, a special project of the Center for Retirement Research at Boston College. Many multicultural populations [...]
Corporate America’s commitment to workers’ retirement plans, measured by benefit values as a percentage of pay, has dropped consistently over the last decade, according to research by Watson Wyatt, a leading global consulting firm. The research found that companies that shifted from defined benefit (DB) plans to defined contribution (DC) plans had the steepest drops, [...]
Top 10 ‘Actions to Win’ Offer Ways to Innovate and Adapt Operating Models and Product Offerings to Better Fit Leading Edge Boomers’ Needs Financial services companies are facing the risk that the retirement of the baby boomers will disrupt existing retirement businesses as retirees move assets out of current retirement accounts and into new, income-generating [...]
Despite recent increases in asset values and regulatory relief from the Internal Revenue Service (IRS), U.S. employers will be required to contribute $89 billion into their defined benefit (DB) plans in 2010 and more than $146 billion in 2011 unless they receive funding relief from the federal government, according to an analysis by Watson Wyatt, [...]