Many Workers Unaware of Tax Credit for Retirement Savers
It is available to workers 18 years and older who have contributed to a company-sponsored retirement plan or IRA.
In Practice
Only One-Third of Boomers Are Confident They Have Adequate Retirement Savings
Among Baby Boomers who think it is important to work with an adviser, nearly 70% said they would purchase an annuity within their individual retirement account (IRA), according...
Participants Achieved Six-Figure Average 401(k) Balance in 2017
Fidelity has updated its quarterly analysis of the average retirement savings balances across its book of business, and the results are once again quite encouraging.
Factors Can Derail Plans to Retire Later
While Prudential found pre-retirees seem well-aware of risk factors that could force them to retire earlier, study results show they could benefit from a financial plan.
Many Millennials Saving More for Retirement Than Other Generations
However, their fear of investing in the stock market could hurt their outcomes, a survey reveals.
U.S. Retirement Market Has Greater Propensity Towards Home Bias
According to Willis Towers Watson’s Thinking Ahead Institute’s 2018 Global Pension Assets Study, the institute sees shifts in investment models for retirement plans across the globe.
Majority of Gen Xers Say Advice Would Help With Financial Goals
Among advice attributes respondents to a T. Rowe Price survey said they would like are ease of use, inclusion of alerts about critical developments in their account and...
Americans See Value in DC Plan Designs
Americans are confident DC plans will help them meet their retirement goals, ICI found.
Talking Advisory Industry Disruption with America’s Best 401K
The direct-to-sponsor firm proudly brands itself as an advisory industry disruptor, boasting fast revenue growth and a 30-day average sales cycle; we sit down with lead strategy officer...
Campaign Waged to Raise Awareness of Retirement Savings
The Bipartisan Policy Center and Ric Edelman announce the launch of “Funding Our Future: A Campaign for America’s Retirement Security.”
Empower Finds Projected Retirement Income Feature Engages Participants
Over a six-year period, projected income replacement scores in plans managed by Empower increased from 68% to 77.8%
Asian Americans Could Use Financial Guidance
While nearly half of Asian Americans surveyed defined their American Dream as being financially secure, most get financial guidance from family and friends.
Americans on Target to Have 80% of the Income They Will Need in Retirement
This is up from 62% in 2005, Fidelity Investments says.
Nearly One in Seven Expects to Continue Working or Never Retire
Only 31% of Americans are confident they will have saved enough by the time they retire.
Tax Reform Is Leading Some Plan Sponsors to Enhance Benefits
More than one-quarter of organizations have or are planning or considering increasing 401(k) contributions, Willis Towers Watson finds.
Health Care Costs Negatively Affecting Workers’ Financial Picture
Of the 48% who say their health care costs have increased, more than one-quarter have decreased their retirement plan contributions.
Nearly One in Seven Small Business Owners Not Confident About Retirement
Only 20% said they were very confident they will have enough money to retire comfortably, Paychex found in a survey.
LGBT Workers Less Likely to Be Saving on a Regular Basis
However, an analysis among people in nine nations found U.S. LGBT workers rank the highest on the Aegon Retirement Readiness Index.
401(k) Participants’ Equity Holdings Drop As They Age
The younger the investor, the more likely they are to have their money invested in equities, while older investors are more likely to gravitate to fixed-income securities, according...