J.P. Morgan Asset Management is adding a tool to its SmartRetirement target-date series that will support plan participants’ efforts to turn their savings into income during their retirement, the firm announced Monday.
When participants in SmartRetirement funds retire, they can withdraw a portion of their money each year until a target maturity that is 35 years after their retirement. The fund will suggest an annual withdrawal amount that would allow them to continue withdrawing over that time period.
The retirement spending tool, which includes an interactive calculator that helps retirees look at spending tradeoffs, is based on JPMorgan Chase’s spending data, which covers almost half of U.S. households.
Last year, J.P. Morgan launched what it called SmartRetirement Plus, which lets plan participants to funnel retirement savings from one of the firm’s target-date funds into an annuity from AIG.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
