Who makes the financial decisions in affluent households? Depends on who you ask.
Data & Research
Data from a new PricewaterhouseCoopers (PwC) survey shows that firms using an independent investment adviser (80%) to help them manage their plan are, on average, more likely to offer a greater number of asset classes.
Nearly half (44%) of affluent Americans, and 53% of those with more than $5 million in investable assets, have assets remaining in a former employer's retirement plan.
More than one-third of 401(k) plans (36%) have a match rate of 100%, an increase over the 26% of plans offering such a benefit in 2002, according to a new Mercer Human Resource Consulting report.
Only 10% of U.S. adults planning to retire have worked with a financial adviser to develop a plan.
Generation Xers might be more likely to save for retirement if IRAs were simpler.
As the nation’s workforce ages, a new study suggests that one in five advisers are already positioning themselves as “retirement coaches.″
A new study suggests that automatic portfolio rebalancing programs can make a significant contribution to retirement savings.
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.
A recent study by Nationwide Financial segments savers by retirement values and offers tips on how to use this information to better reach clients.
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.
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).