The National Endowment for Financial Education is launching a new website specifically aimed at helping individual investors design their own customized retirement income plans. Brent Neiser, director of collaborative programs, said that the Greenwood Village, Colo.-based non-profit will be formally rolling out the site — decumulation.org — later this year, but added that the site is already operational and available to individuals. The new NEFE initiative attempts to arm individuals with the necessary tools and resources to create “retirement paychecks” that will allow them to properly draw down their assets once they stop working. Specifically, the site addresses a number of key questions about how to utilize Social Security benefits and maximize 401(k) savings, extract value from real estate holdings and account for rapidly changing — and likely increasing —medical costs during retirement.
The Fidelity-owned fintech aims to help advisors connect with mass market and mass affluent prospects with single-goal conversations.
The prospective chair of the agency has pledged to shed conflicted interests and "return common sense to the SEC."
'If I were on the side of Alpine Securities, I’d put all my eggs in the federal court,' one attorney said.
If approved, the proposed revisions would achieve outcomes similar to the existing process while reducing the burden of oversight.
Survey research reveals gaps in retirement savers' knowledge, pessimism around receiving benefits, and a lack of good options to solve looming solvency crisis.
Participants who receive professional 401(k) advice see higher returns on average, net, than those who don't.
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