Retirement insights from a Colorado PERA perspective

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Retirement Roundup: Focus on Retirement Income, Not Investment Return

A digest of timely information and insight about finance, investing, and retirement.

Focus on retirement income, not investment return | BenefitsPro

Retirement plan participants need to understand the importance of focusing on potential income in retirement rather than the investment returns of their retirement portfolio, according to a new “Cerulli Edge – Retirement Edition.”

Choice a Detriment to Public Worker Retirement | PlanSponsor

Retirement plan restructuring may affect public employees’ savings behavior, according to research published by the National Bureau of Economic Research (NBER). The analysis considered employment patterns, turnover and voluntary supplemental savings for workers in Utah hired before and after the state moved from a traditional defined-benefit pension plan to two less generous options.

Researchers found that nearly 35 percent of pre-reform new hires voluntarily contributed to supplemental retirement plans but only 18 percent of post-reform new hires did.

How a Harvard Economist Screwed Up – and Then Saved – Her Retirement | Bloomberg

Retirement expert and Director of Boston College’s Center for Retirement Research Alicia Munnell was not immune to making mistakes in her own retirement planning. But wise lifestyle decisions like cutting expenses and working longer helped put her back on track.

States Forge Ahead of Feds to Address Retirement Crisis | Governing

With research showing that many working Americans are ill prepared for retirement, some states are gaining momentum in a push to develop programs that may improve retirement security. Roughly 45 percent of working-age households have no retirement savings at all, according to data from the National Institute on Retirement Security.

Millennials least prepared for retirement, survey finds | Denver Business Journal

Millennials are the least prepared for retirement, with 37 percent of workers ages 18 to 34 saying they have no money saved for retirement and 24 percent reporting they owe more than they’ve saved. These young workers who lived through the 2008 recession are looking for safer, alternative retirement products compared to other age groups.

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