The 401(k) Retirement Income Risk

Frank Sortino and David Hand

Chapter 6 in Asset and Liability Management Handbook, 2011, pp 141-149 from Palgrave Macmillan

Abstract: Abstract In the last few years there has been a push from the Department of Labor (DOL), IRS, SEC and Congress to change 401(k) plans from savings plans at the full discretion of the employee to retirement plans with legislative requirements to target retirement income. Many practitioners are saying we are moving quickly to a 401(k) plan that looks like a ‘Defined Benefit plan at the participant level.’ In effect, everything is changing except that the participant must accept the risk. This puts a burden on all parties to understand and manage the true risks involved.

Keywords: Market Index; Capital Asset Price Model; True Risk; Portfolio Theory; Money Manager (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30723-0_6

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DOI: 10.1057/9780230307230_6

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