TITLE

The Need for Retirement Income Planning Standards for Mid-market Americans

AUTHOR(S)
Meredith, Betty
PUB. DATE
December 2011
SOURCE
Journal of Financial Planning;Dec2011, Vol. 24 Issue 12, p42
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article offers the author's insights on the need to establish retirement income planning standards aimed at mid-market Americans. She relates that in summer of 2011, she was invited by the Financial Planning Association (FPA) to join a conference call with U.S. Government Accountability Office (GAO) representatives regarding the recommended solutions for the retirement of American workers. She says that the study by GAO indicates the urgent need for improved retirement decisions by individuals more than 60 years of age. She mentions that poor decisions will affect everyone, not just the retirees.
ACCESSION #
69681921

 

Related Articles

  • Pension Benefit Guaranty Corporation: Structural Problems Limit Agency's Ability to Protect Itself from Risk: GAO-05-360T. Walker, David M. // GAO Reports;3/2/2005, p1 

    More than 34 million workers and retirees in about 30,000 singleemployer defined benefit plans rely on a federal insurance program managed by the Pension Benefit Guaranty Corporation (PBGC) to protect their pension benefits. However, the insurance program's long-term viability is in doubt and in...

  • GAO Calls for ERISA Amendment. Kelly, Sara // Plan Advisor News;2015, p1 

    The article offers "Retirement Security: Federal Action Could Help State Efforts to Expand Private Sector Coverage," a report on solutions for retirement savings program by the U.S. Government Accountability Office (GAO) and discusses the U.S. employee retirement income security act.

  • Study Suggests Link Between Planner Retirement Advice and Client Lifestyle Changes. Guyton, Jonathan // Journal of Financial Planning;Dec2011, Vol. 24 Issue 12, p28 

    The article discusses the results of the 2011 retirement income study of the Financial Planning Association (FPA). According to the findings of the study, planners who use the systematic withdrawal methodology for retirement income generation have outnumbered other approaches. It says that...

  • Lifting the Cloud Over Annuities. Diehl, John // On Wall Street;Jan2012, Vol. 22 Issue 1, p42 

    The article looks at the advantages of annuities as a financial planning tool despite the fact that they are one of the most misunderstood financial products on the market. A report by the U.S. Government Accountability Office (GAO) in June 2011 highlighted the value of annuities to retirees....

  • Workers and Retirees Experience Delays and Uncertainty when Underfunded Plans Are Terminated.  // GAO Reports;10/29/2009, preceding p1 

    The article reports on the study conducted by the Government Accountability Office (GAO) on the delay and uncertainty experienced by workers and retirees on the final benefit amounts from the Pension Benefit Guaranty Corporation (PBGC). It notes that the delays on the final benefit amounts are...

  • Some Face a Lifetime of Student Debt.  // Plan Advisor News;2014, p59 

    The article discusses the U.S. Government Accountability Office's (GAO) report which noted that the financial security of retirees may be affected by inability to repay student loans. Topics discussed include the difference of student loan debt from other types of debt, the increase in student...

  • Experts Dispute GAO Study That 401(k)s Only Benefit the Wealthy. Waddell, Melanie // Investment Advisor;Jun2011, Vol. 31 Issue 6, p105 

    The article discusses the views of experts on the Government Accountability Office (GAO) report which suggests that 401(k) plans benefit higher income workers. Brian Graff, chief executive officer of the American Society of Pension Professionals and Actuaries (ASPPA), said that the plan is...

  • Certain 401(k) Plan Design Features Hinder Retirement Outcomes. Barney, Lee // Plan Sponsor News;11/22/2016, p1 

    The article reports on the suggestions provided by the Government Accountability Office (GAO) of the U.S. to Congress regarding minimum age required to participate in 401(k) retirement savings plan and plans' use of a last-day policy.

  • Slices of Time. Adler, David E. // Financial Planning;Sep2010, Vol. 40 Issue 9, p113 

    The article describes the use of time-segmentation strategies in retirement income planning. In a time-segment portfolio, the retirement years are divided into stages to preserve assets for future cash flow needs. In a survey conducted by the Financial Planning Association in 2009, one-third of...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics