| The Social Security System Can Be Fixed |
| The sheer size of the Social Security system makes projected shortfalls seem impossible to close without serious financial pain, but this is not necessarily the case, according to the Center for Retirement Research at Boston College. Although it is projected to become insolvent in 2034, researchers say a small payroll tax increase in the near term could save Social Security.
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| Roth IRA Investors Are Different |
| While about a third of U.S. households owned one or more type of individual retirement account in 2013, for a total of $7.4 trillion invested, Roth IRAs held only $550 billion, or a mere 7% of all IRA assets. The numbers show Roth IRA investors are “quite different than traditional IRA investors,” according to a new report from the Investment Company Institute.
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| Study Suggests Millennials Interested in Annuities |
| More than half of Millennials are very or somewhat interested in annuities, according to a survey by the Indexed Annuity Leadership Council. Many young investors are interested in annuities “because they can help grow a retirement nest egg and provide long-term financial security,” the Council finds.
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| Deloitte and Penbridge Expand Pension Services Partnership |
| Deloitte Consulting and Penbridge Advisors are expanding a strategic partnership established in 2014 to bring new defined benefit plan support services to market. Initially focused on the pension risk transfer market, the partnership is expanding into other DB plan maintenance and termination services.
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