However, they also say their wealth has helped them live a healthier life, UBS found in a survey
Data & Research
This is up 2% from last year—and 75% from 2002, when Fidelity began estimating health care costs in retirement.
One-third of North American workers surveyed said their employer does not offer retirement education or coaching.
Women may face lower pay, more work disruptions, higher longevity and higher retirement health care costs than men, a study points out.
Although some retirees face catastrophic health care cost in retirement, EBRI found that most don't.
EBRI questions whether retirees are just determined to preserve their assets or whether they need more education about spending assets in retirement—both have implications for retirement plan advisers and sponsors.
A new analysis published by MetLife examines employers’ and employees’ attitudes towards automation and its role in the workplace—including how changes in technology could impact compensation and the basic definition of what it means to work.
Forty percent of single retirees overall do not think their savings will be enough if they reach age 90.
This is particularly high among Gen Z (69%), Millennials (64%) and Gen X (66%), a survey found.
Health care costs, especially, come with sticker shock
However, asked if they would prefer to be left to their own devices to invest or have their employer provide them a set retirement paycheck for life, 58% want the steady paycheck.
Bruce McClary, vice president of communications at the NFCC, said men have the highest levels of financial confidence, but are less likely than women to reach out for financial advice.
Many Baby Boomers have not saved enough, a survey found, and many are also not thinking of important elements of a plan for retirement.
Sixty-three percent of workers between the ages of 26 and 64 participated or had a spouse that participated in a retirement plan in 2014, according to the ICI.
However, they are very responsible with their budgets, with 53% having an emergency fund
Given a personal finance survey, participants could answer only half of the questions correctly
Financial advisers almost universally report the use of social media has changed how they communicate with and win new clients; however, they disagree to some extent about the real impact social media use has on the quality of client relationships, and by extension, business performance.
EBRI also found not only do individual account assets make up a large portion of families’ financial assets, but those with individual account assets also have substantially higher levels of net worth than those families without them.
A survey also revealed that among those Americans with access to using retirement savings vehicles, only 46% say they are contributing as much as they would like.
Nearly one in four say retirement planning is a touchpoint for financial stress