In Practice

CPA financial planners say Americans are also concerned about maintaining their lifestyle and not being able to meet rising health care costs.

Nearly 86% of not-for-profit health care entities reported that financial advice in some form is offered to their defined contribution plan participants, compared to 79.4% of for-profit entities.

This list includes advisers who reach the top of their respective peer groups in terms of assets under advisement or...

Changes in health commonly cause early retirements, according to CRR researchers, as do spousal retirements and marital status changes. 

The increasing prevalence of automatic enrollment and solutions making 401(k) plan assets more easily portable are two reasons why DC plan outcomes can compete with DB plan results.

Respondents to BlackRock’s 2019 Global Investor Pulse survey cited other financial concerns and intimidation about investing as reasons for not saving for the long term.

They also say that these accounts help them think about the long term and make it easier to save, an ICI survey found.

Most of their spending concerns are related to health care.

Dream Forward provides examples of questions and sources of confusion for participants after exploring data from its AI chatbox for participants

Fifty-two percent of late Boomers say college debt is a major impediment to meeting their financial goals, while 38% of early Millennials and 32% of later Millennials say...

With participants not panicking in Q4 2018 and the longer term trends resulting from automatic plan features, Fidelity Investments finds an overall improvement in average participant savings and...

Defined contribution (DC) plan sponsors’ No. 1 goal for their participants has moved from increasing savings rates to addressing workers’ broad financial wellbeing and helping them achieve retirement...

Notably, more than 60% of employers want to keep retirees in their plan, and they are looking to change their targeted communications to inspire action, Alight Solutions found.

The majority of DB plan sponsors plan to completely divest all of their company’s liabilities in the near future

The Center for State & Local Government Excellence notes that with many local governments shifting benefits decisions to workers, those workers need help understanding finance basics.

One key M&A trend identified in a new PwC report is the growing prevalence of large asset management and/or private equity entities making minority-stake investments in wealth management...

According to an analysis from the Employee Benefit Research Institute (EBRI), single Gen X females are the only cohort with at least 50% of households having a deficit.

Three-quarters of Baby Boomers think they will have enough money to live comfortably during retirement, but only 35% of Gen Xers share this optimism.

LIMRA anticipates equity markets will slow modestly this year, while interest rates will continue to rise; the organization expects conditions to promote growth in annuity purchases by long-term...

Cerulli also sees opportunities for advisers in the 403(b), defined benefit (DB), and financial wellness markets.