October 22, 2014
Richard Reed, Sibson Consulting’s Defined Contribution Practice Leader, was recently interviewed for PlanSponsor.com’s daily publication, NewsDash. In the resulting article, he discusses drawdown strategies for DC plan participants.
Here is an excerpt from the article:
To help participants figure out what their drawdown strategy should be, there are many variables to consider—how much they have saved, their current asset allocation, how much time they expect to spend in retirement, and how they plan to tap their various retirement income sources, Reed notes. Recordkeepers may offer not only written education materials and online calculators, but also phone and in-person support. He says education materials and online tools are critical, but a gap analysis and longevity risk calculators are also important.
To read the full article, please click here.
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Sibson Consulting (www.sibson.com), a member of The Segal Group, provides strategic human resources solutions to corporate and non-profit employers and professional service firms. Sibson's services include benefits, compensation, talent and performance management, communications, sales force effectiveness and change management. In 2014, The Segal Group is celebrating the 75th anniversary of its founding by Martin E. Segal.