I am fortunate enough to have access to a vast array of studies, research, and surveys about this business.
Data & Research
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.
Those who have consulted a financial professional about retirement planning are much more likely to say they are comfortable or confident about retirement than those who have not (78% vs. 58%).
Only one-third of affluent Baby Boomers rely on outside advice when making financial decisions.
The ERISA Industry Committee (ERIC) has issued a proposal for a platform of lifetime security benefits aimed at easing employer strain, increasing individual responsibility, and providing equality of benefits for all individuals.
If you drive to work, you’re not alone.
Sixty-six percent of workers believe they need less than 80% of pre-retirement income to maintain their current lifestyle in retirement.
About one-fifth (21%) Ultra High Net Worth (UHNW) professionals consider themselves 'adviser dependent.'
It’s an issue that has plagued humankind ever since men and women began living together - with indoor plumbing.
About two-thirds (68%) of small business owners say they are now more concerned about their retirement security than they were last fall.
Individuals in the U.S. today may not be better off in terms of income as their father's generation, a recent study suggests.
Workers are twice as likely to look to personal research or the advice of family and friends as they are to rely on the services of a financial adviser with help in retirement planning.
The U.S. defined benefit pension market is going to be hit with a massive shakeup that will see three-quarters of private-sector DB assets frozen or terminated in the next five years, compared to 25% currently.
Although behavioral components are important, financial literacy and trust are critical variables in understanding 401(k) plan savings behavior.
Fear, regret, inertia, aggressiveness, and susceptibility can influence retirement investors to react to market uncertainty in ways that may not be in their best interest, according to a new Prudential Financial survey.