Anne Tergesen

speaker

4,485 appearances 83 recordings 1 series first heard Jul 2017 last heard Feb 2025

Anne Tergesen’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · 401(k) Plans Offering Pension-Like Benefits to Ensure Steady Payments · 21 Jun 2022 podcast

And with a managed account, somebody who's in a 401K plan can basically say to a managed account company, which is a financial services company, matched

you know, please take over my account and manage it for me. matched

So a managed account company would take over my 401k and would invest the money in a way that's appropriate for me. matched

And increasingly, when I reach retirement, a managed account company would try to help me figure out how to turn that lump sum of savings into a steady or as steady as possible income in retirement. matched

I think that it's very helpful to have professional help with that. matched

It's something that individuals really struggle with. matched

A lot of times individuals are so worried about having enough money that's going to last their lifetime because it's difficult to project, you know, what are the markets going to do? matched

If I'm, you know, 65 years old, I might reasonably expect to live for 25, maybe even 30 years. matched

So that's one question, how long am I going to live? matched

Another question is, what are the markets going to do? matched

We're in a bad period now. matched

Is that going to continue or are we going to see the markets recover quickly? matched

So how do you make that money last? matched

Yes. matched

So Edelman Financial Engines is the largest provider of managed accounts in 401ks. matched

So the fact that they have this new service we thought was interesting because it can actually potentially affect a lot of people in terms of having that service made available to a lot of different 401k plans. matched

And yes, several, I think about 25 very large companies have already signed on to offer this. matched

And they have a clientele that is matched

largely composed of Fortune 500 companies. matched

So, you know, in fact, people who work for those companies may start to see this service popping up in their 401k sooner or later. matched

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