In December 2022, Morningstar adjusted its recommended starting annual withdrawal rate for balanced retirement portfolios from 3.3% to 3.8%. The revision was based on an assessment of factors including recent equity valuations, bond yields, and inflation. This new rate, however, is still less than the 4% figure commonly cited in financial planning literature. See how plan sponsors can help with uncertainties down the road in this short read.

With inflation at its highest levels in more than four decades, it’s no surprise nearly three in four American workers report they’re experiencing increased stress concerning their personal finances. Learn how to better assist your workers during this period in our latest blog.