Feeling less educated about retirement planning and personal financial planning than they should be is a barrier to the financial planning process, women say, according to a Lincoln Financial survey.
Many do not know if their adviser is technically a broker/dealer or an adviser, Personal Capital learned in a survey.
Nearly one-third (32%) of individuals surveyed by Allianz Life Insurance Company of North America say they have difficulty understanding how required minimum distributions could impact their overall tax obligation.
IFEBP looks at how emotional, social and cognitive factors can be used to help participants better prepare for retirement and suggests 10 ways sponsors can employ behavioral finance in their retirement plan.
Two-thirds of middle-income Boomers know someone who has required retirement caregiving, either in their home or in a nursing home, yet few Boomers are taking action to plan for this likelihood.
Just over half think health care will be the biggest expense in retirement, a Nationwide Retirement Institute survey found.
If they feel this way, they are inclined to shun advisers altogether, New York Life Investments learned in a survey.
A Vanguard study focusing on non-highly compensated employee (NHCE) behavior finds higher match thresholds are typically associated with lower plan participation and lower employee contribution rates.
Starting people off with a deferral rate of 3% is actually a disservice, experts agree.
However, they expect their adviser to be technologically savvy.
They may be grappling with debt for decades to come, according to Nationwide Advisory Solutions.
One in five U.S. adults currently assists an older family member with daily tasks or housing, according to a new survey from RBC Wealth Management; in addition to causing stress and anxiety, the impact of caregiving can be significant on an individual’s financial health.
A paper promoted by the Voya Behavioral Finance Institute for Innovation and Andrew Way, with Corporate Insight, discusses the role plan sponsors, and advisers, have in making sure retirement plan websites and mobile apps are best for participants.
In the majority of cases, plan sponsors that participated in Callan’s 2019 Defined Contribution (DC) Trends Survey said their plan consultant/adviser conducted fee benchmarking, and in 2019, sponsors will be looking to switch to lower-fee share classes and to more institutional vehicles.
Studies from Empower Institute found many commonly used industry terms don’t make sense to their intended audience, and employees perceive retirement plan communications as wordy and long, complex and confusing, generic, overwhelming and wasteful.