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For many participants, the retirement savings and accumulation journey brings a multitude of choices and challenges: whether to join or remain in a plan, how much to save, and where to invest. Once on that savings path, the potential for a more satisfying retirement–at least in the financial sense–comes into focus.
But savings is only part of that equation. Participants will eventually need to make decisions around how to invest and spend their accumulated retirement wealth— an experience that introduces a new set of challenges.
The range and complexity of investment and drawdown options coupled with an imperfect understanding of income needs now and in the future is often made murkier by participants’ perceived lack of credible or consistent channels of support or advice. This edition zeros in on the retirement income puzzle; leveraging a range of participant research, industry experience, and expert insight to illuminate the path forward.
We introduce our forthcoming survey covering a selection of mature and emerging DC markets. This global study delves into the expectations of participants and retirees around retirement income, and other related topics. A deeper understanding of these perspectives is crucial as providers and sponsors look to build investment solutions and provide the right support to meet evolving needs and longer lifespans.
Featuring a case study of a savings plan titan, the University of California, we illustrate how one organization is taking the lead on retirement innovation by facilitating lifetime income options for participants. We also showcase insights from academic, Don Ezra, who provides investment approaches that can bolster a fuller retirement experience.
In other departments, our policy team explores the role of regulation in the evolution of two retirement systems, our participant engagement experts examine the unique challenges women face in saving for and funding retirement, and our investment strategy leadership takes a closer look at savings vehicle nuances.
We hope these perspectives help to illuminate the key issues facing individuals, organizations, and governments and thank you for your continued partnership.
If you have any questions or would like to discuss the ideas in this issue, contact me at David_Ireland@ssga.com.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. Investing involves risk, including the risk of loss of principal. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street Global Advisors’ express written consent.
State Street Global Advisors Target Retirement Fund are designed for investors expecting to retire around the year indicated in each fund’s name. When choosing a Fund, investors should consider whether they anticipate retiring significantly earlier or later than age 65 even if such investors retire on or near a fund’s approximate target date. There may be other considerations relevant to fund selection and investors should select the fund that best meets their individual circumstances and investment goals. The funds' asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. The investment risks of each Fund change over time as its asset allocation changes.
Diversification does not ensure a profit or guarantee against loss.
Investing involves risk including the risk of loss of principal.
There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street Global Advisors’ express written consent.
This information is for informational purposes only, not to be construed as investment advice or a recommendation or offer to buy or sell any security. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment manager or to invest in a fund. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. There are no guarantees regarding the achievement of investment objectives, target returns, portfolio construction, allocations or measurements such as alpha, tracking error, stock weightings and other information ratios. The views and strategies described may not be suitable for all investors. SSGA does not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision. Investing entails risks and there can be no assurance that SSGA will achieve profits or avoid incurring losses.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
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