Only 16% of respondents surveyed by Thrivent Financial Services for Lutherans said they had undertaken a formal retirement planning process with an adviser, though 34% said they had done serious calculations of their retirement needs on their own.
Data & Research
Seven out of 10 respondents to a recent poll said they would be moderately or very interested in one-on-one financial planning if offered through their employer and nearly nine in 10 (87%) said a financial planning benefit would make them feel their employer values their efforts.
Only one-third (34%) of workers in a recent poll by Robert Half Management Resources said they plan to quit work entirely when they are ready to retire.
More than half (56%) of employees say they are financially worse off this year than they were last year, and 30% say they are one major setback away from disaster.
Feeling a bit under the weather?
Americans need to add a fourth leg to the traditional “three-legged stool″ paradigm to properly prepare themselves for life after their full-time work lives come to an end, according to the financial services firm.
A research paper authored by a trio of university economists argues that most of the concerns that Americans’ retirement savings are insufficient to pay for their golden years are overstated.
Fidelity Investments snagged the top overall spot in Kasina’s ranking of defined contribution plan Web sites for participants, while the Vanguard Group came in first for plan sponsors.
A new white paper from the Principal Financial Group offers a perspective on the new role of a fiduciary adviser.
What would broker-dealers do with an extra $100,000 to invest in their businesses? Spend it on technology.
About 57% of U.S. households should be able to live comfortably in retirement if they work until age 65 and buy annuities with their retirement nest egg, a new study suggests.
Fidelity Investments’ latest study of its defined contribution clients showed that corporate DC employees overall are on track to have an income replacement of just 17%.
If you’re having trouble getting folks on the phone, or finding them in the office – odds are they are taking a summer vacation.
I am fortunate enough to have access to a vast array of studies, research, and surveys about this business.
Workers who are confused about when to retire cannot look for clarity from Social Security, Medicare, and pension laws, because those three groups offer conflicting incentives to retire earlier or later than the traditional retirement age.
Although a majority of defined benefit plan sponsors have either closed the plan to new hires or frozen it for all participants in the last two years, most of those sponsors have also bettered their 401(k) offering.
For years, football’s Dallas Cowboys called themselves “America’s Team″, but baseball has long regarded itself as the nation’s national pastime.
With bills pending in both the U.S. Senate and House encouraging employers to sponsor auto-enrolled IRAs, an AARP-sponsored study says such a vehicle would help as many as 48 million workers amass enough of a retirement nest egg.
On average, baby boomers expect to retire by age 63; however, most are not planning for 30 or more years in retirement and nearly half (44%) have not calculated a target income goal.
Although benefits offered by employers remained mostly the same in 2007 as in 2006, there was a slight decrease in the number of organizations that offered financial services benefits to employees.