Recent federal guidance will make target-date fund annuity plans more amenable to plan sponsors.
Plan sponsors are getting a lot of conflicting information.
Not everyone has a 401(k) at work, but that is irrelevant. Retirement safeguards are in place for workers, and besides, anyone can open an IRA either at a bank or online.
Advocates say the best place to address these issues is at the state level, and California is the closest to implementing a state-run plan.
What is the trend among large corporations to offer retiring leaders some guidance or preparation for both the financial and emotional impact of retirement? Why do they do it and what types of services do they offer?
— Fact-finding Mission, president, consulting/legal, Los Gatos, California