Health Care Will Cost a 65-Year-Old-Couple $396K Over Their Lifetimes
This is assuming their health is average, according to Milliman.
Data & Research
Gen Xers Less Likely to Have Any Type of Retirement Plan Than Boomers
It remains to be seen whether or not Gen Xers can change their savings and spending habits to catch up, EBRI says.
For Retirement Security, Cast a Wide (and Cost-Efficient) Net
Only 2% of small business decisionmakers told Millennium Trust that they would be willing to pay an adviser more than $1,000 annually, writes Kevin Boyles, business development director...
Disparities in Savings Show Need for Retirement Help for Women
Women place more importance on advice that fits into their work or personal schedule, as opposed to men who place more importance on advice that alerts them to...
Americans Not Up to Speed on Rollovers
Forty-two percent don’t even know it is possible to keep assets in a plan once one leaves an employer.
To Succeed, Financial Wellness Programs Need Personal Touch
Financial stress is on the rise in all generations, indicating that financial wellness programs are missing the mark, according to PwC. A new survey report from the firm...
Rollovers Important to Retirement Income Adequacy
EBRI found a significant difference in retirement deficits when comparing the current environment where defined contribution plan participants rollover their assets versus a hypothetical state where workers never...
TIAA Institute Relates Participant Behaviors to Default Investments
The study finds that participants who join plans with a TDF default contribute to fewer funds and are significantly more likely to choose only TDFs for their allocations.
Employers Offer Diverse Range of 401(k) Investment Options
In 2016, the average plan offered 27 investment options, according to a report from BrightScope and ICI.
Seniors Worried Health Care Costs Will Outpace Retirement Savings
Women are even more concerned than men.
Investors, Advisers Foresee Increased Volatility
Both groups have become less optimistic since the start of the year, according to Nationwide.
Nearly Half of Vanguard Plans Use Automatic Enrollment
At year-end 2018, 66% of new plan entrants were enrolled via automatic enrollment.
Financial Wellness Programs Offer Many Benefits to Employers
Employees of all income levels face distracting financial stress, survey finds.
Many Admit They’d Take on Debt to Finance Their Child’s Education
Country Financial, which surveyed American parents, urges them to form a realistic, long-range plan.
Learning from Asset Managers’ Defined Contribution Plans
Companies that help retirement plan sponsors with investments also provide benefits to their own employees; in some ways, assets managers’ plans resemble the broader marketplace, while in others...
Americans Have Set Own Savings Thresholds for Retirement Preparedness
Adults ages 45 to 59 who say their retirement savings are on track typically have at least $250,000 saved, according to the sixth annual Survey of Household Economics and...
A Couple May Need $363,000 to Cover Health Care Expenses in Retirement
Medicare covers only 64% of the cost of health care for those 65 and older, according to EBRI.
Financial Regrets Voiced by Majority of Americans
Millennials bemoan their student loan debt loads while Baby Boomers voice the most regret about not saving for retirement earlier, according to a Bankrate.com survey.
Q1 Pension Buyout Volume Sets Record Pace
“Buyout products had a very strong start to the year with $4.7 billion in sales,” says Mark Paracer, assistant research director for LIMRA SRI. “Previous first quarter sales...
Participants’ Satisfaction with Providers Continues to Decline
NARPP says that if retirement plan participants trusted their providers more, it would likely lead to higher deferral rates.