Mike Moran
Showing 1–4 of 4 transcripts.
- Goldman Sachs27 min
The missing link to retirement security
Michael Moran, Alison Nathan, Mike Moran
Economic pressures from inflation and rising debt now force many workers to delay retirement, while a divergence in market gains and fixed-income yields exacerbates savings inequality across income quintiles. In response, regulatory reforms like SECURE Act 2.0 and the expansion of Pooled Employer Plans are driving the adoption of automatic enrollment and age-triggered investment strategies to boost participation. Looking forward, the industry aims to democratize access through personalized digital planning, integrate alternative assets into defined contribution menus, and develop hybrid decumulation models that provide steady retirement income.
- Goldman Sachs17 min
Redefining the Retirement Landscape
Goldman Sachs Asset Management conducted its inaugural retirement survey of over 1,200 participants to contrast the financial hurdles and retirement timing of workers against those of retirees, revealing that health issues and job losses frequently force early departures for retirees while inflation and debt constrain current savings. The data highlights significant demographic disparities, noting that women often retire earlier than planned and feel less secure in their savings than men, whereas younger generations display optimistic yet unrealistic expectations regarding income replacement and retirement ages. In response to these findings and a shifting employment landscape, employers are increasingly transitioning from standalone 401(k) plans to comprehensive retirement programs that integrate financial wellness tools, student loan assistance, and lifetime income vehicles to address systemic gaps and retain talent.
- Goldman Sachs10 min
What’s the Outlook for Retirement Savers in 2021?
Despite 2020's asset recovery, corporate defined benefit plan funded ratios remain stagnant due to persistent low interest rates, though early 2021 rate hikes offer a potential pathway to improve liabilities. Institutional investors are shifting toward private markets and active management to target returns in a low-yield environment while utilizing liability hedging to optimize capital allocation. Simultaneously, defined contribution balances surged driven by professional management, prompting legislative efforts to expand coverage and strategic initiatives to convert accumulated assets into sustainable retirement income streams.
- Goldman Sachs7 min
The Impact of Market Volatility on Retirement Investing
Defined contribution and corporate pension portfolios have suffered YTD declines of 10% to 20% and 8% to 10% respectively, while system-wide funded status dropped from 87% to roughly 75% before partially recovering to 80%. In response to this volatility, financial advisors recommend strategic rebalancing and a review of governance structures, noting that younger investors should remain invested while those near retirement reassess risk tolerance amid a shift toward individual responsibility. Concurrently, a Congressional stimulus bill provided temporary relief through waived 2020 required minimum distributions and deferred pension contribution obligations, though sponsors anticipate continuing their advocacy for permanent funding solutions in 2021.