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 the nation’s economic outlook in question, It’s more important than ever to make sure your retirement plan offerings differentiate your organization from the competition. Whether you’re looking to deepen your bench by attracting top talent or retaining the valued employees you have, evaluate if your retirement benefit is enough to move the needle.

Plan Sponsor Q&A - Q1 2022