Retirement Trends

If older clients start having children, or grandparents unexpectedly take on parenting duties, complications often arise.

Shiv Verma said states have approached the company about partnering on their own investment vehicles for newborns.

Target date funds (TDFs) have cemented their position as a core investment option in 401(k) plans by offering age-appropriate asset allocation, diversification, and automatic rebalancing.

The tool "delivers a simple, secure way for households to begin engaging" with the program, according to Scott Bessent.

Total savings in both investment vehicles reached record levels in the period -- 14.4% for 401(k)s and 12% for 403(b)s.

From a plan design perspective, we believe sponsors should consider distribution options such as systematic withdrawals or partial distributions so participants can take ongoing or periodic distributions from the plan in retirement.