Data & Research

Fresh data shared this week by Principal and Fidelity shows defined contribution retirement plan balances have—yet again—reached record highs, but the data underscores the need to improve access for more workers.

A majority of these parents said they otherwise would have used the money for personal finances.

Plus, confidence about Medicare and Social Security benefits reaches an all-time high.

Many are refocusing on financial wellness programs and retirement income options.

A new research report out of the Wharton School suggests changes to required minimum distribution (RMD) rules might not have as big an impact in practice as many might expect, though one subset of clients seems likely to benefit the most from an older RMD age. 

Nearly 70% of retirees say they retired earlier than they had expected, up from 50% in 2020.

Financial advisers can help them through a mix of offerings and communication.

A number of Millennials are misinformed about when to save and invest for retirement, and they need plan sponsor help with student loan debt.

Researach also found that mutual funds that pay revenue sharing are more likely to be added to plan investment menus and are less likely to be deleted from them

Many have dipped into their retirement savings, and some have even stopped or cut back on their contributions.