A new research report out of the Wharton School suggests changes to required minimum distribution (RMD) rules might not have as big an impact in practice as many might expect, though one subset of clients seems likely to benefit the most from an older RMD age.
Data & Research
However, many are implementing new practices and technologies to combat these effects.
Nearly 70% of retirees say they retired earlier than they had expected, up from 50% in 2020.
Financial advisers can help them through a mix of offerings and communication.
A number of Millennials are misinformed about when to save and invest for retirement, and they need plan sponsor help with student loan debt.
Researach also found that mutual funds that pay revenue sharing are more likely to be added to plan investment menus and are less likely to be deleted from them
Many have dipped into their retirement savings, and some have even stopped or cut back on their contributions.
More than half have experienced one or more negative impacts to their employment.
A new EBRI issue brief says there are four major things retirees focus on at any given time, but spending during retirement is even more nuanced than it might appear.
All S&P 500 boards have at least one woman for the first time, according to a study by Spencer Stuart.
Most say they learned the importance of staying the course, despite market volatility.
American workers are expecting more from workplace programs, such as tailored communications and experienced representatives.
It appears, according to a survey by Dalbar, that people put more faith in the advice of a human adviser.
Prudential survey finds employees were looking for financial advice and emergency assistance.
It should then come as no surprise that 38% are less confident they will have enough money to live comfortably in retirement, TIAA found.
A Lincoln Financial report also finds some workers are uncertain or confused when it comes to how they should prepare their retirement plans ahead of election results.
More than any other generation, its members are receptive to in-plan guarantees.