NEW YORK, March 10, 2020 /PRNewswire/ -- J.P. Morgan
Asset Management today released the 2020 Guide to
Retirement, examining the most significant issues impacting the
retirement landscape, including current challenges and
opportunities and the tools needed to support planning
conversations.
"As the economic and legislative environment continues to
evolve, those nearing retirement and their advisors now more than
ever need to have a firm understanding of the various decisions
that must be made in order to comfortably reach the retirement
finish line," said Katherine Roy,
Chief Retirement Strategist at J.P. Morgan Asset Management. "The
Guide aims to provide an objective framework to enable informed
planning conversations by analyzing the most pressing issues
impacting retirement."
"Those making retirement planning decisions need to take into
account an increasingly complex array of factors, ranging from the
implications of the SECURE Act to managing health care costs and
Medicare surcharges," said Sharon
Carson, Retirement Strategist at J.P. Morgan Asset
Management. "By assessing a range of scenarios across factors such
as age, income and life-stage, the Guide lays the groundwork for
effective retirement decision-making."
Below is an overview of the key retirement themes covered in the
2020 Guide to Retirement:
1) Understanding the implications of the SECURE
Act
- The elimination of the stretch IRA
- Increases in the Required Minimum Distribution starting
age
- Small business tax credits and pooled employer plans
2) Managing health care costs pre- and
post-retirement
- Variations in bronze/silver plan costs across age and
geography
- Rising annual healthcare costs in retirement
- Annual Medicare surcharges across income bands
3) Long-term care planning solutions
- Leveraging the full suite of options to start planning
early
- Medicaid as a last resort
- Insurance and HSA considerations
To view the full 2020 Guide to Retirement, click here.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
USD 2.0 trillion (as of 31 December 2019), is a global leader in
investment management. J.P. Morgan Asset Management's clients
include institutions, retail investors and high net worth
individuals in every major market throughout the world. J.P. Morgan
Asset Management offers global investment management in equities,
fixed income, real estate, hedge funds, private equity and
liquidity. JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of USD
2.7 trillion (as of 31 December
2019) and operations worldwide. Information about JPMorgan
Chase & Co. is available at www.jpmorganchase.com.
Important Information
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recommendation to buy or sell any investment in any jurisdiction,
nor is it a commitment from J.P. Morgan Asset Management or any of
its subsidiaries to participate in any of the transactions
mentioned herein. Any forecasts, figures, opinions or investment
techniques and strategies set out are for information purposes
only, based on certain assumptions and current market conditions
and are subject to change without prior notice. All information
presented herein is considered to be accurate at the time of
production. This material does not contain sufficient information
to support an investment decision and it should not be relied upon
by you in evaluating the merits of investing in any securities or
products. In addition, users should make an independent
assessment of the legal, regulatory, tax, credit and accounting
implications and determine, together with their own professional
advisers, if any investment mentioned herein is believed to be
suitable to their personal goals. Investors should ensure that they
obtain all available relevant information before making any
investment. It should be noted that investment involves risks, the
value of investments and the income from them may fluctuate in
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investors may not get back the full amount invested. Both past
performance and yields are not reliable indicators of current and
future results.
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SOURCE J.P. Morgan Asset Management