Despite steady access to retirement plans, the number of working family heads that participated in their employer’s retirement plan dropped more than 2 percentage points from 2001 through 2004, to 46.1%.
Regardless of your relationship status, Valentine’s Day is coming – and for those of you in some kind of committed relationship (or wanting to be), here are some handy insights to get you ready for the day:
Apparently, the conventional wisdom is right: the earlier you start saving, the more you save and the more generous market return you enjoy, the larger nest egg you will end up with, according to a recent Congressional Research Service (CRS) report.
Advisers who currently target small businesses – or who work with individual participants at businesses of any size – could see a major shift over the next decade, according to a new study.
Of 11 countries surveyed, U.S. workers save the most, according to a recent survey by AXA Equitable that found U.S. workers save on average $696 a month for retirement.
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.
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.
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.