November 2022: Access materials from the RRC Summit in New York City to hear exclusive insights from the new RRC Advisory Councils, including plan sponsors, consultants, and advisors. Attendees also learned about the results of exciting recent research fr

November 2022: Access materials from the RRC Summit in New York City to hear exclusive insights from the new RRC Advisory Councils, including plan sponsors, consultants, and advisors. Attendees also learned about the results of exciting recent research fr

This paper explores how low interest rates and inflation impact retirement plan investing when the goal is income generation, rather than asset growth. We examine the impact to current, prominent income-generating strategies and explore approaches to retirement income generation that have begun gaining the attention of fiduciaries and plan sponsors as new tools to help retirees.

The DCIIA Retirement Research Center expanded its advisory structure with the formation of three new councils representing plan sponsors, advisors, and institutional consultants, joining the existing Academic Advisory Council. The release includes full membership rosters for all four councils and notes their participation in the upcoming RRC Summit in New York City.

Coverage by a payroll deduction retirement savings plan or pension is an essential first step toward building retirement readiness. While the existing defined contribution (DC) system has helped to create wealth, those outside of an employer-based program have largely been left behind.

This document offers details on five topics that can play a key role in any retirement wellness program: Social Security, Medicare, long-term care, cognitive decline and spending in retirement. The section for each topic lays out eye-opening facts and related action steps for plan sponsors and those that provide services to them. At the end of the paper is a summary of all of the action steps and a resource list to learn more about the topics.

During the pandemic, the pace of retirement in the US accelerated. By the third quarter of 2021, 50.3% of adults age 55 and older were out of the workforce and in retirement, compared to 48.1% the previous year, according to the Pew Research Center. As this wave of Boomer retirements builds—and with Generation X not far behind—we see an increasing responsibility of defined contribution (DC) plans to help workers through accumulation and decumulation.

The DC plan system must evolve to meet the needs of this burgeoning demographic. DC plans are no longer just savings vehicles; they also are critical resources for participants who need long-term distribution planning. This paper provides a high-level framework that plan sponsors can use when introducing retirement tier solutions to nearly retired and retired participants to help them manage their assets throughout retirement.