Yale plan sponsors recognized for incorporating lifetime income | RMDs can help clients spruce up their retirement portfolios | Younger workers blame baby boomers for stalled careers
November 12, 2019
IRI Retirement Income SmartBrief
News for the retirement income planning industry
Top News
Yale plan sponsors recognized for incorporating lifetime income
A target-date option in Yale University's defined-contribution retirement plans now has an annuity inside the qualified default investment alternative. Hugh Penney, senior advisor for benefits planning, and Kate Castello, associate director for retirement planning, received a Pensions & Investments Innovation Award for their work on the project.
Pensions & Investments (free access for SmartBrief readers) (11/11) 
LinkedIn Twitter Facebook Email
Retirement Income Roundup
RMDs can help clients spruce up their retirement portfolios
Required minimum distributions can serve as a timely prompt for clients to shore up their retirement portfolios, writes Morningstar's Christine Benz. She discusses four key steps: determining the RMD amount, considering asset allocation, choosing which holdings to reduce and deciding how to deploy the assets.
Morningstar (11/4) 
LinkedIn Twitter Facebook Email
Younger workers blame baby boomers for stalled careers
Some younger workers -- millennials, GenZers and GenXers -- say they are struggling to advance because baby boomers are putting off retirement, writes executive recruiter Jack Kelly, citing data from a USA TODAY/LinkedIn survey. Kelly calls the argument flawed, saying it does not acknowledge the impact of the financial crises that wiped out many boomers' savings, leaving them unable to retire.
Forbes (11/8) 
LinkedIn Twitter Facebook Email
Treasury yield curve normalizes
The Treasury yield curve, which had shown some degree of inversion during the past year, has uninverted. Normalization of yields indicates investors are becoming comfortable again with risk-taking.
The Wall Street Journal (tiered subscription model) (11/10) 
LinkedIn Twitter Facebook Email
Washington Update
IRS issues 9 letter rulings on annuity fees
The IRS issued nine private letter rulings authorizing insurers to pay fees for annuities held outside retirement plans directly to the advisor who sold them without having the payment included in clients' taxable income. The procedure was already authorized for annuities held within "tax qualified plans."
ThinkAdvisor (free registration) (11/8) 
LinkedIn Twitter Facebook Email
Your Practice
Charitable planning questions advisors should ask clients
The holidays can be a good time for financial advisors to discuss charitable planning with clients and their families, writes Ken Nopar of the American Endowment Foundation. He lists 20 questions advisors should ask clients that cover topics such as their motivation for giving and charitable legacies.
WealthManagement (11/8) 
LinkedIn Twitter Facebook Email
How the financial industry can take steps toward stopping disrespect
Consultant Angie Herbers discusses how disrespect manifests in the financial-services industry and what steps can be taken to correct the issue. She notes that disrespect occurs "when something or someone needs attention."
ThinkAdvisor (free registration) (11/7) 
LinkedIn Twitter Facebook Email
4 ways to get the most out of talking with tech vendors
When talking to technology vendors at conferences, advisors need to take the right approach to find the best tools and avoid information overload, writes Wes Stillman, CEO of RightSize Solutions. He offers four rules for talking to tech vendors, including getting a clear picture of how they work with clients and asking specific questions.
Financial Planning online (11/8) 
LinkedIn Twitter Facebook Email
IRI Updates
IRI Retirement Fact Book 2019 now available
The Insured Retirement Institute recently released the IRI Retirement Fact Book 2019, a definitive guide for the retirement income industry and go-to resource for financial advisors, professionals, public policymakers, and financial and insurance regulators. The new edition updates research findings on generational retirement readiness, explores product development and market trends in the retirement income space, and offers data and research-based insights into advisors practices and consumer retirement planning success factors. Free to IRI members, the Retirement Fact Book can be downloaded here.
LinkedIn Twitter Facebook Email
9th Annual IRI Baby Boomer Report
Retirement anxiety is growing among baby boomers, many of whom have little to no retirement savings, forcing more boomers to postpone retirement. IRI's annual survey of boomers found that 45% have zero savings for their golden years, and even those with savings are lacking in a number of retirement preparedness factors. Read the report.
LinkedIn Twitter Facebook Email
Learn more about IRI:
Visit myIRIonline.org | IRI Member Companies
Conferences | About IRI | Join IRI
Sign Up
SmartBrief offers 200+ newsletters
Learn more about the SmartBrief audience
Subscriber Tools:
Contact Us:
Advertising  -  Abiy Bekele
P: 919.931.5915
Editor  -  Emily Norris
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2019 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information