401k

The Lifetime Income Disclosure Act introduced by the U.S. Senate last year would require 401k plan sponsors (employers) to provide plan participants (employees) with estimates of the amount of lifetime income that would be generated by their account balances.

The intentions seem good as the information may: a) get people thinking about their retirement savings as the basis of their retirement income, and; b) provide a bit of a reality check in terms of the amount of savings required to produce reasonable levels of retirement income.

That said, I think most people would be shocked by how little income their retirement...

Anyone thinking about retirement income should pick-up a copy of Retirement Portfolios by Michael Zwecher.  This recommendation applies to both financial...

At the request of Wisconsin Senator Herb Kohl, the Government Accountability Office (GAO) just released a study that provides an assessment of the current state of the retirement income market in the United States.

For those interested in retirement income, the study is full of interesting data and conclusions. ...