The Senior Citizen League's Mary Johnson has been a reliable source of annual COLA increase projections.
The intellectual case for getting rid of tax-advantaged retirement plans is strong, and the political case is catching up.
With high-quality bonds yielding about 5%, locking in today's interest rates makes sense to many advisors.
Wintrust Retirement Benefits Advisors serves more than 200 retirement plan sponsors.
The agency "has overstepped its authority," Education Committee Chair Bob Good argued.
This remarkable solution to enhance retirement security is found in the most unlikely of places: life insurance.
Employees in defined-contribution plans are uneasy about their ability to retire comfortably, a company survey found.
Prematurely dipping into retirement accounts without penalty is possible, but it should be a last resort, they say.
Annuit sales reached a record high of $385 billion last year.
The number of retirees has surged in recent months, reaching a post-pandemic record in December.
With people living in retirement longer, the value of working with a financial professional is even greater.
But at the same time, they feel less financially secure and uneasy about retirement.
Most people are probably thinking about retirement all wrong, and they're probably better off than they think.
Advisors were also once reluctant to adopt managed accounts, too. But they got over it.
Advisors can help those about to rock into retirement overcome common mistakes.
The rule just doesn't jibe with the personal approach clients want.
Clients can see their benefits increase 8% per year by suspending them or starting them over later.
That's about 8% more than what they needed a year ago, according to the research group.
The trade group's president said its appeals to the Department of Labor have fallen on deaf ears.
A good year in the markets also means higher required distributions from retirement accounts.