Early Boomers, born between 1946 and 1955, may be the last group with enough savings to maintain financial security through their retirement, according to a study.
Retirement savings, health issues and their children’s finances are concerns for women; while men worry about debt, both household and the national level.
When you look at the big picture, defined contribution plan sponsors making changes to matching contributions was not a widespread reaction to the recession.
The relatively small percentage of women in the ranks of certified financial planners has spurred an initiative by Certified Financial Planner Board (CFP) of Standards Inc.
How much, and when, to make withdrawals from individual retirement accounts (IRAs) in retirement was studied by the Employee Benefit Research Institute (EBRI).
Study after study has demonstrated Baby Boomers’ lack of preparedness and confidence in their retirement savings, and Ameriprise Financial Inc. has attempted to uncover the causes.
The financial services industry has to do a better job of helping people meet retirement goals, said Laurence Fink, chairman and chief executive of BlackRock.