PLANSPONSOR - June/July 2018 - 17

There's a lot to consider. "
For participants retiring early, who
may need additional income before they
claim Social Security benefits, D'Ordine
mentions the possibility of purchasing
a limited-term annuity-say, a fiveyear-where
a majority of the money
received monthly is considered return of
premium.
" Many people don't understand
annuities. Many buy them to guarantee
income in retirement, but how those
are taxed depends on how you bought
them, " warns Sandra Block, senior editor
at Kiplinger. " If you bought them with
after-tax income, you'll pay taxes on only
the annuity earnings, but if you bought
an annuity with your money from an IRA
that has not been taxed, then all of the
annuity payouts are probably going to be
taxable. "
Also notable is that health savings
accounts (HSAs) provide a triple-tax
benefit for participants, O'Leary says.
When available, HSAs can and should
be used in concert with other accounts to
minimize overall tax burdens. " You put in
the tax dollars, it grows tax-deferred, and
if you use it for medical expenses it's taxfree, "
she says.
Plan Sponsors Can Help
Among the list of more straightforward
tactics plan sponsors can implement to
address retirement income taxation is to
introduce targeted education programming
and encourage DC plan participants
to explore their options both in-plan and
out-of-plan, O'Leary and D'Ordine agree.
One-on-one reviews with a financial
adviser, D'Ordine says, can be crucial for
participants unaware of the tax implications
of their retirement income planning.
" Creating the regular paycheck in
retirement is a moving target, " O'Leary
notes. " Having plan sponsors think
through this challenge and help educate
participants as to the taxability of their
portfolios is so important. "
-Amanda Umpierrez
... more
generous
retirement
benefits
66%
... guaranteed
retirement
benefits
61%
Source: Willis Towers Watson, 2017/2018 Global Benefits Attitudes Survey
What Would Entice Workers
To Delay Retirement?
n Desired n Currently Offered
55%
45%
34%
26%
14%
Flexible
hours
Financial
incentives
16%
Part time/
Consulting work
31%
12%
Flexible
place
Source: LIMRA, " Incentives to Delay Retirement Benefit Both Employers and Employees "
Pension Assets at Work
Pension assets contribute
$587.5 billion to the economy,
which results in about $125.7 billion
in state and local revenues.
Source: National Conference on Public Employee Retirement Systems, " Unintended
Consequences: How Scaling Back Public Pensions Puts Government Revenues at Risk "
PLANSPONSOR.com June-July 2018 17
... a more
generous
health care
plan
38%
TALKING POINTS
Many Employees Are Willing
To Pay for Better Benefits
Workers say they would contribute more of their pay for ...

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PLANSPONSOR - June/July 2018

Table of Contents for the Digital Edition of PLANSPONSOR - June/July 2018

Opportunities Knock
2018 Plan Administration Guide, Part 2
Narrowing It Down
ESG Comes to Light
Protection at All Costs
The Sum of All Sources
Upwardly Mobile
PLANSPONSOR - June/July 2018 - C1
PLANSPONSOR - June/July 2018 - FC1
PLANSPONSOR - June/July 2018 - FC2
PLANSPONSOR - June/July 2018 - C2
PLANSPONSOR - June/July 2018 - 1
PLANSPONSOR - June/July 2018 - 2
PLANSPONSOR - June/July 2018 - 3
PLANSPONSOR - June/July 2018 - 4
PLANSPONSOR - June/July 2018 - 5
PLANSPONSOR - June/July 2018 - 6
PLANSPONSOR - June/July 2018 - 7
PLANSPONSOR - June/July 2018 - 8
PLANSPONSOR - June/July 2018 - 9
PLANSPONSOR - June/July 2018 - 10
PLANSPONSOR - June/July 2018 - 11
PLANSPONSOR - June/July 2018 - 12
PLANSPONSOR - June/July 2018 - 13
PLANSPONSOR - June/July 2018 - 14
PLANSPONSOR - June/July 2018 - 15
PLANSPONSOR - June/July 2018 - 16
PLANSPONSOR - June/July 2018 - 17
PLANSPONSOR - June/July 2018 - Opportunities Knock
PLANSPONSOR - June/July 2018 - 19
PLANSPONSOR - June/July 2018 - 20
PLANSPONSOR - June/July 2018 - 21
PLANSPONSOR - June/July 2018 - 2018 Plan Administration Guide, Part 2
PLANSPONSOR - June/July 2018 - 23
PLANSPONSOR - June/July 2018 - 24
PLANSPONSOR - June/July 2018 - 25
PLANSPONSOR - June/July 2018 - 26
PLANSPONSOR - June/July 2018 - 27
PLANSPONSOR - June/July 2018 - 28
PLANSPONSOR - June/July 2018 - 29
PLANSPONSOR - June/July 2018 - 30
PLANSPONSOR - June/July 2018 - 31
PLANSPONSOR - June/July 2018 - 32
PLANSPONSOR - June/July 2018 - 33
PLANSPONSOR - June/July 2018 - 34
PLANSPONSOR - June/July 2018 - 35
PLANSPONSOR - June/July 2018 - 36
PLANSPONSOR - June/July 2018 - 37
PLANSPONSOR - June/July 2018 - 38
PLANSPONSOR - June/July 2018 - 39
PLANSPONSOR - June/July 2018 - 40
PLANSPONSOR - June/July 2018 - 41
PLANSPONSOR - June/July 2018 - Narrowing It Down
PLANSPONSOR - June/July 2018 - 43
PLANSPONSOR - June/July 2018 - 44
PLANSPONSOR - June/July 2018 - 45
PLANSPONSOR - June/July 2018 - ESG Comes to Light
PLANSPONSOR - June/July 2018 - 47
PLANSPONSOR - June/July 2018 - 48
PLANSPONSOR - June/July 2018 - 49
PLANSPONSOR - June/July 2018 - Protection at All Costs
PLANSPONSOR - June/July 2018 - 51
PLANSPONSOR - June/July 2018 - The Sum of All Sources
PLANSPONSOR - June/July 2018 - 53
PLANSPONSOR - June/July 2018 - Upwardly Mobile
PLANSPONSOR - June/July 2018 - 55
PLANSPONSOR - June/July 2018 - 56
PLANSPONSOR - June/July 2018 - C3
PLANSPONSOR - June/July 2018 - C4
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