In the next decade, New York may lose its position as financial capital of the world to a city such as London, Dubai, Hong Kong, or Tokyo, which all have a more market-friendly regulatory environment, a new study asserts.
Data & Research
Retirement for many Americans these days is not a matter of suddenly exchanging employment for a quiet life of leisure; instead, a majority of Americans age 40-69 expect employment will be a big part of their early retirement years, and that could lead to a change in approach for financial advisers offering retirement planning services.
New employees are being allowed to get up to speed in their company’s 401(k) plan more quickly than a year ago, according to a new survey.
Newly released results of a study from Fidelity Investments indicate Individual Retirement Accounts (IRAs) are not generally being used as a primary retirement savings vehicle and many investors lack understanding about IRAs.
Nearly all (92%) of the 276 US companies described as “most admired″ offer a non-qualified plan in their executive benefit package, according to a study by the Todd Organization.
Tax-exempt sector employees, those in the higher education, health care, government, foundations, and faith-based organization sectors, have saved an average of $48,000 in their defined contribution (DC) plans, 23% less than the average $62,000 saved by their corporate sector peers, according to a news release from Fidelity Employer Services Company (FESCO).
A majority of private industry workers would opt to participate in a defined contribution plan if their companies offered them, according to a recent Department of Labor report.
A scant 16% of Baby Boomers report that all or most of their future retirement income will come from Social Security, according to a survey by the US Department of the Treasury and Federal Reserve Banks.
Less than half (46%) of Canadians get help in financial management from an adviser, according data from Investors Group, a Winnipeg-based financial advisory firm.
Nearly one-third of Americans say not having enough to pay for health care is the biggest concern facing our nation in retirement.
A new survey has found a notable hike in the number of larger corporate employers offering 401(a) money purchase plans.
Nearly one-third (27%) of online investors plan to focus some or all of their end-of-year investment gains on retirement and 22% plan to put them into savings.
In addition to savings and investment considerations, a new survey suggests that part of a healthy retirement plan will include a consideration of early retirement because not all Americans will be able to work as long as they plan.
Mandatory retirement will be illegal in Canada beginning Tuesday, and a new survey finds that this will have quite an effect on the Canadian working population.
While the top two income tiers of Americans approaching retirement have comparable assets, those classified in a new study as affluent are still focused on accumulating assets and are more likely to need their money for short-term life events.
Almost three-quarters of employees (71%) and half of retirees (50%) said they were very concerned about their long-term financial future, according to the latest Principal Financial Well-Being Index.
A survey from AARP Financial has found Californians over age 50 report being overwhelmed with too many choices, turned off by complex prospectus language and not sure who to turn to for advice, and are thus falling behind in their retirement savings.
A recent study has found that lesbian, gay, bisexual and transgender (LGBT) baby boomers have more concerns about long-term care in retirement than the general population.
About a third of eligible employees stayed on the retirement savings sidelines instead of joining their workplace plan, according to new Vanguard Group data.
A joint survey from Americans for Secure Retirement (ASR) and the Latino Coalition has found that 70.9% of Hispanic adults have less than $5,000 saved for retirement.