A letter from Brendan Curran
Every evening, my wife and I read books to Bash (age 6) and Gabby (age 2) before bedtime. Recently, Bash and I read the book ‘I Wish You More’ by Amy Krouse Rosenthal, which offers several positive messages for kids — more give than take, more ups than downs — but one phrase really resonated with me: ‘more will than hill.’
This simple statement reflects my belief that we must climb many proverbial hills in life. Climbing these hills requires strength — but just as importantly — a strategy, and the willpower to get to your destination.
I think this also applies to an employee’s retirement journey. What are their goals for retirement? And how can we help to make those goals attainable — especially knowing there will be obstacles to overcome along the way?
Those questions drive our ambition at State Street Global Advisors: to help employees prepare for those proverbial hills, alongside employers, consultants, and policy makers, and to bring the collective strength of our solutions to bear on the issues that concern them most.
With that in mind, we have a lot to look forward to in 2024 as we set our goals for the new year:
“We began looking at decumulation solutions for our DC plan in the non-guaranteed space and two years ago offered a drawdown solution, but we were hearing from our employees that they also desired a guaranteed solution. So we began looking at annuity based options and brought that back to our leadership in order to evaluate. I'm pleased to announce that we decided to partner with State Street to offer their IncomeWise target date fund.”
I look forward to exercising our collective willpower in 2024 to summit new hills and help make retirement work for employees.
Thank you for your continued partnership,
Climbing with my son, Bash