An Employee Benefit Research Institute analysis breaks down the number of 401(k) contributors who would be affected by a mandatory, partial Rothification proposal in tax reform.
Data & Research
Forty-five percent of African-Americans who bring home $75,000 or more say they feel less than financially secure compared with just 28% of other Americans in the same income category.
This can put a person’s retirement in jeopardy, The Pew Charitable Trusts says.
A survey of the newly retired finds 40% spend more for health care than they’d expected.
This is especially true for Millennials, Bankrate.com found.
Automatic enrollment, higher initial deferral rates and financial counseling are just a few that more employers are adopting.
It is clear which countries lead the way in providing sustainable retirement systems with adequate benefits—and what others can learn from them to improve.
The difference owes to the pay gap between men and women, the tendency of many women to take a career break to raise or care for family, and women’s longer life expectancy.
However, they report they have more in savings than in credit card debt.
According to a GAO report, it has been nearly 40 years since a federal commission has conducted a comprehensive evaluation of the nation’s approach to financing retirement.
Adhering to plan governance and minimizing plan risk are the next priorities.
But among the 58% of these investors who do, expectations run high.
However, a LIMRA report reveals some disparities with that number.
A survey finds only 22% of Americans have worked with a financial adviser to figure out how much income they will need in retirement.
A Voya Financial study encourages plan sponsors to raise the default savings rate in automatic enrollment features.
And nearly two-thirds, 63%, of advisers recommend annuities to clients who need income.
Research indicates consumers who conduct retirement planning activities or have a formal written retirement plan prior to retirement have a greater likelihood that actual expenses resemble anticipated expenses.
Research finds that participants who set goals are more likely to save more for retirement and more likely to feel confident about retirement—even in the face of competing priorities.
Two leading retirement industry executives refute the claim that the nation faces a retirement crisis and point to several ways retirement plans can be strengthened.
Faced with increasing costs, Americans can still take steps to secure their financial futures, suggests a survey by PurePoint Financial.