J.P. Morgan Releases 2020 Guide to Retirement

PR Newswire

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

The views contained herein are not to be taken as advice or a 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 accordance with market conditions and taxation agreements and 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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