In Practice

Establishing realistic expectations about life expectancy and the amount of money needed is key to a successful plan for retirement.

Millennials admit to a retirement-planning strategy of blind guesswork.

About two-thirds surveyed believe they will need less than $1 million in today’s dollars in order to retire, or aren’t sure how much they will need.

Industry researchers now commonly argue digital portfolio management tools and robo-adviser platforms are driving greater opportunity for traditional advice firms. 

Just 20% of those who have retired say they’ve saved enough.

Health care expenses in retirement was the fastest-growing savings objective in a regular survey of employees.

The rapidly expanding retail channel also means rapid growth in robo-advice providers.

The majority of workers surveyed say such a program would be good for them, but a significant number still would not save or save enough.

Research findings published by LIMRA Secure Retirement Institute suggest some affluent investors are test driving robo-advisers and shopping around for the best tech-enabled wealth management. 

But only three in 10 have addressed the issue.

But men’s average account balances are more than 50% larger.

Kiplinger’s tax map shows the importance of location, location, location for retirees.

It's important to rein in spending and debt to prepare for retirement. 

Retirement planning is harder than dieting; retirement may hinge on winning the lottery; or can Oprah be my adviser?

Individuals with high prescription drug costs need to save substantially more for retirement than others.

Cerulli Associates shares findings that clearly show increased demand from public pension plans for outsourced investment leadership. 

Fidelity suggests six steps for advisers to embrace technology.

The demand for low fees will continue to cut into actively managed funds in portfolios.

It’s happened before and it will happen again—a hike in PBGC premiums and shifting SOA mortality projections have materially raised the cost of running a pension plan. 

Financial Finesse offers suggestions for improving employees’ retirement preparedness and making sure Millennials do not end up in the same situation many Baby Boomers are in now.