Australia has a private savings system that, by all accounts, is working to the benefit of savers and financial advisers alike – but it doesn’t seem to be making them happy.
Data & Research
As the understanding that the safety net of Social Security might not be there in the future, young adults seem poised to prepare for their post-working years.
Nearly one in five adults expects to work until they die, and perhaps with good reason, based on their savings rates.
With final regulations rumored to be just weeks away, a new survey of the 403(b) market finds an industry seemingly poised to exploit those changes.
Many married couples are not in agreement when it comes to retirement plans - 22% of couples don’t even agree on whether or not they use the services of a financial adviser.
Concerned that employees are not paying attention to their retirement savings, 96% of U.S. employers say their top priority is encouraging employees to take more responsibility.
Baby boomers plans for cash needs in retirement will likely frustrate their advisers: they plan to withdraw significant sums of money early on, drawing down their savings faster than anticipated.
The Employee Benefit Research Institute (EBRI) and Matthew Greenwald&Associates published the 17th Annual Retirement Confidence Index last week – and, for the very most part, it’s probably safe to say it didn’t tell us much we didn’t already know.
Even as defined contribution plans emerge as the preferred employer-sponsored pension plan, a survey by the Employee Benefit Research Institute (EBRI) and Matthew Greenwald&Associates suggests that workers may not follow investment advice when it’s offered.
Cheating on your taxes is bad - almost as bad as cheating on your spouse.
Nearly one-third (31%) of baby boomers say they will have to cut back on their current lifestyle in retirement and 42% believe they will not have enough money to do the things they want to do when they retire.
A new study suggests that unless an individual begins saving before age 35, they are in serious danger of facing a significant drop in lifestyle when they retire.
A report from the Government Accountability Office (GAO) suggests that workers need to better prepare for the growing deficit from federal programs and the declining coverage of employer-provided pensions
Overall participation in tax-favored retirement plans remained stable at 50% between 2000 and 2003, a participation rate slightly less than in 1997, according to a new report from the Congressional Budget Office (CBO).
The Pension Protection Act (PPA) paves the way for more phased retirements, but firms must consider many issues in undertaking such policies, asserts a new Conference Board report.
Households that work with financial advisers are saving more and are on track to replace more income in retirement than those that do not.
The average 65-year-old couple needs an estimated $215,000 to cover health care costs in retirement, $15,000 more than was predicted last year, according to research by Fidelity Investments.
A new study offers powerful evidence on the importance of listening.
Although conventional planning models often use replacement rates of 70% or 85%, a new study says that the vast majority of Americans are not coming close to achieving that.
More than half (58%) of workers participating in a 401(k) plan said they would like a salary increase over a higher employer matching contribution to the retirement plan.