Experts: Adding annuities enhances defined-contribution plans | 5 tips to pare income taxes in retirement | American households list mutual funds as most popular investment
October 20, 2017
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Experts: Adding annuities enhances defined-contribution plans
The addition of in-plan annuities makes a defined-contribution retirement plan not only a savings plan but also a retirement-income plan, industry experts say. Research indicates that Americans are aware that steady income is important in retirement but not that they can reach such a goal through annuities.
PlanAdviser magazine (September/October 2017) 
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Retirement Income Roundup
5 tips to pare income taxes in retirement
Certain income sources can cause retired individuals to fall into a higher tax bracket than they were in while working. Dawn Reiss explores five ways retirees can lower their tax bill.
U.S. News & World Report (10/18) 
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American households list mutual funds as most popular investment
Mutual funds are the most popular investments for American households, according to data from the Investment Company Institute, with 45% reporting owning mutual funds. "Shareholders choose funds to help them reach a variety of financial goals, including saving for retirement, education, a home, or for an emergency," says Sarah Holden, senior director of retirement and investor research at ICI.
ThinkAdvisor (free registration) (10/13) 
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Many preretirees plan to stay put
Many Americans do not plan to relocate when they retire, with 43% of survey respondents ages 45 to 65 saying they plan to stay in their residence. However, 33% of preretirees plan to move, perhaps encouraged by a recovery in housing values.
USA Today (10/17) 
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Experts warn about weakness behind Dow reaching 23,000
The Dow Jones industrial average closed above 23,000 Wednesday, but some experts say some softness is behind the record-setting rise. Technical analyst Frank Cappelleri suggests watching to see how the market reacts over the next few days.
MarketWatch (10/19) 
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Initial unemployment claims lowest in more than 44 years
In the week that ended Oct. 14, the number of Americans making their first claims for jobless benefits dropped to 222,000, the smallest number since March 1973, the Labor Department said. It was the 137th week in a row that claims held below the 300,000 mark, which is viewed by economists as a sign that the labor market is strong.
Reuters (10/19) 
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Washington Update
Bill cracking down on elder fraud becomes law
President Donald Trump has signed into law a measure that gives US prosecutors broader authority to act against financial criminals who use telemarketing or email to exploit the elderly. The Elder Abuse Prevention and Prosecution Act also allows enhanced penalties for anyone convicted of victimizing or targeting a person older than 55.
ThinkAdvisor (free registration) (10/19) 
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Qualified-plan contribution limit going up in 2018
Employees contributing to 401(k), 403(b) and most 457 plans will be able to place an additional $500 in those plans next year, when the limit will increase to $18,500. The Internal Revenue Service is also raising the income ranges used to assess eligibility for deductible contributions to IRAs, contributions to Roth IRAs and the saver's credit.
InvestmentNews (tiered subscription model) (10/19) 
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Your Practice
How artificial intelligence can change advisors' routines
Artificial intelligence could be the key to unlocking a competitive advantage and improved client experience, writes Jefferson National CEO Mitchell Caplan. AI can be used to automate routine tasks such as portfolio management, allowing advisors more time to focus on clients and tailor solutions, he adds.
Financial Planning online (10/18) 
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IRI Updates
New research from IRI and Jackson: The Language of Retirement
In this collaborative report, the Insured Retirement Institute and Jackson gauge how Americans evaluate their financial preparedness for retirement, their familiarity with and viewpoints toward financial products, and the financial strategies they're most likely to employ as they prepare for and enter retirement.
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IRI's 2017 Fact Book is here!
Marking its 16th year in publication, the IRI Fact Book continues to be a reliable, trusted source for information regarding the insured retirement industry. Building on the redesign and renaming that commenced with the 10th edition in 2011, we strive to improve content each year, while keeping the focus on practical information that can help financial professionals better understand and serve their clients, including through the exploration and analysis of retirement topics beyond annuities. Readers will find practice management tips and information, the latest consumer and advisor research regarding retirement planning, current retirement market statistics, and much more. As IRI continues to grow to serve the diverse needs of the people and organizations that we are proud to represent, this publication will also evolve as a resource for the entire insured retirement industry and the consumers that invest in our strategies.
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