Making Retirement Plans Work in Retirement

Free to International Foundation and ISCEBS members

DC plans have primarily been designed to help participants save and invest for retirement, with limited consideration for helping them manage the transition to drawing income once they stop working. The result is a retirement system that doesn’t work particularly well during retirement, when employees are tasked with turning what may be their single biggest asset into reliable, long-lasting income—often with little or no assistance. The good news: A growing number of retirement income solutions are becoming more readily available within DC plans. Each solution, however, can come with its own set of potential benefits and trade-offs, making it important to understand which approach may make the most sense for a particular plan’s needs and goals.