Retirement Security
Retirement, like life, is fundamentally uncertain. That's why we need to provide clients with more context about what missing their retirement-income goals might look like.
How can we incorporate dynamic spending into retirement income projections?
Spending flexibility must be better incorporated into the tools and outcomes metrics with which financial advisers advise clients.
Plan sponsors have a vital responsibility to provide and manage retirement benefits on behalf of their employees. Here's what they need to focus on in 2023.
The operation of enterprise annuities in China suffers from a "long-term money, short-term investment" mindset.
How can we mitigate sequence of returns risk (SoRR)?
Planning for retirement is undoubtedly essential — and can quickly become complicated without the proper preparation. Michael Finke, professor and director of retirement planning at Texas Tech University, discussed the importance of longevity in retirement planning, the implications of cognitive decline, and the notion of an impending retirement crisis.
Despite thousands of scholarly and practical articles, we still have a retirement crisis. But, reviewing the literature, it seems we have both the intellectual tools to avoid a retirement crisis and many (not all) of the needed institutional arrangements.
In the United States, state and local governments’ defined benefit pension plans are underfunded by more than $4 trillion, threatening the financial security of approximately 8 million retirees and 14 million workers, and taking a fiscal toll on states and municipalities.
In the annual shareholder letter for Berkshire Hathaway, Warren Buffett included some investing advice for his wife and her trustee — and the average person who is not an expert on stocks.