Retirement Roundup: A digest of timely information and insight about finance, investing, and retirement.
More Americans can’t afford medical care Squared Away Blog
While the majority of insured adults still can afford their health care, the minority who say it’s “difficult” to pay their monthly premiums, doctor and prescription copayments, and deductibles is growing. The Center for Retirement Research (CRR) at Boston College in their most recent Squared Away blog post confirms what most of us already know.
It’s getting harder to maintain a standard of living in retirement Center for Retirement Research
Also noteworthy from the CRR, a new analysis of employee savings in 401(k) plans concludes that “employer plans are providing less retirement income today than in the past.” Read the report here.
Gender differences result in different investment outcomes Wall Street Journal
Men and women have different investment styles and could learn from each other according to an article in the Wall Street Journal.
Did you turn 70½ in 2016? Internal Revenue Service
It’s tax time again. The Internal Revenue Service reminds taxpayers who turned age 70½ during 2016 that, in most cases, they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Saturday, April 1, 2017.
Get the facts on investment return assumptions NASRA
The investment return assumptions used by public retirement plans are in the news a lot. Read more from the National Association of State Retirement Administrators about how these assumptions are determined and why the investment return assumption is the single most consequential of all actuarial assumptions in terms of its effect on a pension plan’s finances.
Actuarial assumptionData such as demographics, mortality rates, and investment returns that retirement plans use to calculate future assets and liabilities.
