Search results for: Millennials
Investor Satisfaction With Online Brokerages Flatlines
J.D. Power finds self-directed investors’ satisfaction is almost flat year-over-year despite robust markets; Fidelity, TD Ameritrade and Vanguard top satisfaction lists.
‘Magic Number’ for Retirement Hits All-Time High
Northwestern Mutual finds Americans now target $1.46 million for retirement, while a separate Lincoln Financial study shows inflation as consumers’ top concern.
Millennials, Gen Z Triple Financial Wealth Since 2019
Financial assets of the two generations have grown to almost $6 trillion in 2022 from $2 trillion in 2019.
Millennials Redefine Retirement as ‘Financial Independence’
Although Millennials are somewhat confident about having enough retirement savings, a significant number experience 'money dysmorphia,' according to new research.
Most Americans Expect to Live Longer, Still Retire Around 67
Research from Corebridge and the Longevity Project find half of Americans want to live to 100, even as financial anxieties around how to do so run high.
Employee Well-Being Differs Significantly by Demographic
Gender, race, income and age all shape the well-being of employees and should be taken into account when designing workplace benefit plans, according to Buck.
Peak 65 Finds Millions of Americans Unprepared, Economist Warns
The Alliance for Lifetime Income sounds the alarm bell in a new white paper, while separate research from Principal shows more evidence of workers planning a gradual retirement.
Client Attraction Through Giving
401(k) marketers and advisers give tips on business development in an age of compressed fees, social media and busy schedules.
Conference Coverage
PLANADVISER National Conference 2023
At the 2023 PLANADVISER National Conference, held in September in Scottsdale, Arizona, advisers heard from experts and leading professionals about the skills and knowledge increasingly needed in today’s...
401(k) Loans, Hardship Withdrawals at 2-Year High
Both loans and hardship withdrawals have increased to the highest rate since the pandemic, according to Empower’s annual retirement study.
Money May Buy Happiness After All, Empower Survey Shows
Of Americans surveyed in an August poll, almost 60% said money buys happiness, at least in part, as it gives them the option to retire with dignity.
Fewer Than Half of Workers Plan to Review Retirement Plan Contribution
Corebridge experts recommend employees take advantage of this month’s open enrollment to expand their retirement savings.
US Workers Expect AI to Extend Human Longevity, Increase Retirement Needs
A Nationwide survey found that Americans are bullish on artificial intelligence but less confident in their ability to pay for health care costs at increasingly older ages.
Long-Term Investment Fund Assets Set to Rise After 2022 Dip
After a tumultuous few years of rising interest rates and market volatility, ISS MI sees a return to growth for long-term fund managers, driven in part by bond...
As Many Retirees Plan to Work for Fulfillment as for Money, Empower Finds
Personalized advisement remains key for working retirees no matter their circumstances, says a financial adviser with the recordkeeper.
Money Over Marriage: Younger Generations’ Priorities Present Adviser Opportunity
Younger savers may be responding to financial hardship ranging from the pandemic to inflation, according to research from MassMutual.
The Psychology of Financial Planning
Understanding how a client thinks and feels about money guides an adviser’s communication with them.
MarshBerry: Retirement M&A Up in First Half, Bucking Overall Trend
Of the 18 retirement deals through the first half of 2023, 2 came from wealth advisories ‘dipping their toes’ in retirement waters, the consultancy notes.
Americans Pick Advisers Who Appreciate Their Needs, Have Track Record, Survey Says
Data also showed that having an adviser boosts a respondent’s financial confidence.