Ninety Percent of Americans Lack Confidence in Retirement Savings
Fewer than one-third of Americans have $100,000 or more saved for retirement, an IALC survey finds.
Data & Research
Consistency Key to Increasing 401(k) Plan Savings
A longitudinal analysis of 401(k) plan participants drawn from the EBRI/ICI 401(k) database found the average account balance for consistent participants increased at a compound annual average growth...
Lack of Funds for LTC is Americans’ Greatest Fear About Aging
Yet only 20% have taken any step toward funding their long-term care expenses.
EBRI Breaks Down Number Affected by Tax Reform Changes
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.
MassMutual Study Says African-Americans Want More Financial Education
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...
Financial Setbacks Cause Many to Dip Into Retirement Savings
This can put a person’s retirement in jeopardy, The Pew Charitable Trusts says.
Many Pre-Retirees Misjudge Their Coming Expenses
A survey of the newly retired finds 40% spend more for health care than they’d expected.
The Need to Save More Tops List of Reasons for Limiting Spending
This is especially true for Millennials, Bankrate.com found.
Plan Sponsors’ Use of Best Practices Continues to Climb
Automatic enrollment, higher initial deferral rates and financial counseling are just a few that more employers are adopting.
Global Best Practices Can Improve U.S. Retirement Outlook
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.
Women Projected to Be Significantly Less Affluent Than Men, UBS Finds
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...
Americans Carry an Average Debt Load That Impedes Retirement Savings
However, they report they have more in savings than in credit card debt.
GAO Issues Call to Examine American Retirement System
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.
Plan Committees Consider Monitoring Investments the No. 1 Priority
Adhering to plan governance and minimizing plan risk are the next priorities.
Less Than 6 in 10 Gen X and Gen Y Millionaires Work With an Adviser
But among the 58% of these investors who do, expectations run high.
Half of Americans Consider Themselves Knowledgeable on HSAs
However, a LIMRA report reveals some disparities with that number.
Pre-Retirees Want Lifetime Income Guarantees
A survey finds only 22% of Americans have worked with a financial adviser to figure out how much income they will need in retirement.
Auto Enrollment Default Savings Rate Increase Does Not Discourage Participation
A Voya Financial study encourages plan sponsors to raise the default savings rate in automatic enrollment features.
Nearly Half—48%—of Investors Own an Annuity
And nearly two-thirds, 63%, of advisers recommend annuities to clients who need income.
Investing Optimism and Health Care Cost Challenges
The head of Wells Fargo Institutional Retirement and Trust reflects on a strong boost in investor optimism measured in a recent survey published by the firm—and on the...