Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Loan & Distribution Specialist AimPoint Pension
|
Compass
|
AimPoint Pension
|
Bates & Company, Inc.
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
A Proposal to Increase Annuitization of 401(k) Wealth Using Automatic Features
The Brookings Institution [Opinion] July 17, 2014 9 slides of a presentation by Bill Gale to the American Academy of Actuaries. Excerpt: "[Bill Gale,] with David C. John, J. Mark Iwry, and Lina Walker, proposed and explained a policy to automatically default 401(k) holders into a partial and temporary annuity.... [In his presentation describing the proposal, Gale] referenced various barriers to market expansion, such as consumer biases and lack of experience converting large cash balances to annual flows. He called for a reframing of retirement income choices and emphasized the need to provide people with information on and experience with periodic retirement payments before asking them to make a long-term commitment." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |