As health care costs rise, there is more overlap than ever between health decisions and financial decisions. So much is obvious to forward-thinking financial advisers, but what is less clear is where health care itself is heading in the 21st century.
Data & Research
Help with investments and retirement income were cited by participants in two surveys.
More than eight in 10 say they want to be automatically enrolled into a plan at an early age, according to Principal, but only a third of employers are offering the feature.
A Morningstar survey details what biases are affecting investors and explains what advisers can do to diminish these influences.
In a J.D. Power survey, independent advisory firms were more likely to have a higher satisfaction score than employee groups.
Advisers can help retirement plan sponsors implement investment and withdrawal options and start conversations with participants who are reluctant to share their fears.
A Nationwide report found that more participants would switch their financial planner if he didn’t provide education on Social Security benefits.
Workers at employee-owned S corporations, who invest in and own their employers via ‘S employee stock ownership plans,’ report being on significantly more stable financial ground than other U.S. workers.
Contact the PLANSPONSOR/PLANADVISER Research and Surveys team to learn more about how to be included in our 2021 Small Plan Services Guide.
Edward Jones and Age Wave say advisers should take a new approach to working with retirees by helping them determine what they want to do when they stop working.
Hartford Funds data finds that, overall, 33% of respondents reported seeking financial advice online and almost half say social media impacts whom they retain as a financial professional.
Gen Xers and women reported facing multiple struggles in saving for retirement.
Research from SRI anticipates the annuity market to grow as much as 30% by 2025.
Of course, a person’s absolute level of wealth has an impact on retirement confidence, but this is far from the only important factor at play.
Despite the market rebound, 2021 reports find retirement planning contributions were still low.
It can be a fraught and distressing topic of conversation, but an honest assessment of a client’s life expectancy is foundational to building an effective financial plan.
As more people are getting vaccinated, they expect pent-up demand will lead to a boost.