In Practice

A survey found that 38% of Americans know nothing about compounding.

Although more people are enrolling HSAs today, misconceptions still hold back many from making the most out of these accounts.

 

Working with a financial adviser increases confidence, an IRI survey found.

But older generations expect a different experience in retirement for Millennials. 

Nearly one-third of those 60 and older are planning to stay in the workforce until age 70.

According to a report by the NEBR, women are punished more severely than men for misconduct and they are also less likely to find new employment. 

Among those already engaged with their finances and financial services professionals, retirement planning remains a hot topic—but investors broadly feel confused and concerned. 

People of all age groups on average estimated losing $30,000 or more throughout their lifetime due to their lack of financial knowledge, a new survey finds.

Most Americans have never hired a financial planner and most say they don’t have enough money or assets to warrant working with one.

Establishing scholarship funds and more carefully considering the benefits of diversity in the hiring processes are just a few of the ways an increasing number of firms say...

Luke Vandermillen, from Principal, suggests employees would be well-served by seeking help from advisers in setting up a reliable retirement strategy.

This was followed by $835 billion in hybrid funds, which include target-date funds, ICI found.

Seventy-eight percent think they will be comfortable in retirement, up from 69% in 2014.

However, Financial Finesse found repeat usage of employer financial wellness programs and running retirement projections incrementally improves retirement preparedness.

The motivation is growth, particularly boosting assets and revenues, expertise and clients, and ensuring that a succession plan is in place.

Americans say they feel more comfortable with the savings they have now compared to the year before, however, a Bankrate survey finds they're not doing a better job...

Forty-five percent of workers are not too or not at all confident they will have enough money for medical expenses in retirement, and nearly three in five workers...

Sixty percent of employees expressed at least some confidence in retirement, but their planning efforts and savings balances do not support this confidence level.

The generosity and functionality of a retirement plan tends to vary quite a lot according to the type of employer and industry. 

Market forces may drive some of the reforms the Department of Labor sought to achieve under the Obama presidency—but a cadre of investors also remains committed to commissions.