Plan sponsors with a retirement income focus frequently find themselves narrowly concentrating on product selection, inadvertently sidelining the vital role that a well-informed strategic philosophy plays. This philosophy should not only incorporate market insights but also draw upon historical experiences to shape its core. Our comprehensive white paper is designed to navigate plan sponsors through the intricate journey of retirement plan design, from the initial phase of Accumulation to the final Destination Plans. It emphasizes the dynamic nature of retirement income strategies, highlighting the critical need for sponsors to continuously revisit and refine their approaches in response to changing market conditions and participant needs.
The roadmap provided in our white paper aims to broaden the retirement income focus beyond the mere selection of financial products. It advocates for a holistic approach that considers a wide array of factors including demographic shifts, economic trends, and legislative changes, all of which can significantly impact retirement outcomes. By adopting a strategy that is both proactive and responsive, plan sponsors can ensure that their retirement plans remain robust and adaptable, capable of meeting the evolving needs of their participants.
Our guide stresses the importance of fostering a retirement income focus that goes beyond traditional planning methods. It encourages plan sponsors to integrate advanced forecasting tools, behavioral finance insights, and participant education initiatives into their retirement income strategies. This multifaceted approach enables sponsors to create a more engaging and supportive environment for participants, helping them to navigate the complexities of retirement planning with greater confidence and ease.
Download our white paper today to embark on the path toward crafting a dynamic retirement income strategy. Discover how to make informed decisions that prioritize the long-term financial well-being of your participants, ensuring a retirement plan that is not only comprehensive but also flexible enough to adapt to an ever-changing landscape.
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FOR INVESTMENT PROFESSIONAL AND INSTITUTIONAL USE ONLY. Not to be shown, quoted or distributed to the public.
Distributed by: U.S. – MFS Institutional Advisors, Inc. (“MFSI”), MFS Investment Management and MFS Fund Distributors, Inc., MEMBER SIPC, Boston, MA
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MFS Investment Management is an American-based global investment manager, formerly known as Massachusetts Financial Services. Founded in 1924, MFS is one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund.