Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Regional Vice President of Sales The Retirement Plan Company
|
Loan & Distribution Specialist AimPoint Pension
|
Compass
|
AimPoint Pension
|
Bates & Company, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Unconventional Wisdom on Retirement Preparedness
Investment Company Institute [ICI] [Opinion] Aug. 5, 2014 "There are at least three reasons why adequacy standards in the typical replacement rate study are too high: [1] Assumptions about the pattern of savings over workers' life cycles raise the standard for younger workers.... [2] The assumption that household expenses don't change when households transition from work to retirement raises the standard.... [3] The assumption that household expenses remain flat throughout retirement raises the standard.... The danger of accepting the conventional wisdom is two-fold. First, the notion of a widespread shortfall deflects attention from those groups actually at risk in retirement ... Second, it obscures the fact that the U.S. retirement system works well for the majority of households." |
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). |