Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 8th, 2019

Millennial Misconceptions: Younger Workers Prioritize Retirement

Millennials often make different life choices than previous generations. One of those choices is saving for retirement earlier—on average, at age 24—than previous generations. A typical Gen Xer began saving at age 30, and Baby Boomers didn’t start setting aside retirement funds until age 35 or so. Read more >
Bill Would Require Employers to Contribute to Workers’ Savings
The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker for every hour worked, or more than $1,000 a year. Read more >
Education Key to Helping Different Cultural Groups Manage Retirement Expectations
Approximately half of the participants surveyed by MassMutual had calculated how much savings they need to retire, with about one-third actually creating a formal plan. However, there were outliers. Read more >
Retirement Industry People Moves
BlackRock Confirms Leadership Shift in Retirement Business; Regional Vice President Joins Transamerica; CAPTRUST Adds FiduciaryVest Members to Advisory Practice; and more. Read more >