| Gen Xers Skeptical About Social Security Stability |
| It’s a recipe for trouble, says RBC Wealth Management; while a majority of Americans say they will need to rely on Social Security benefits in retirement, most are not hopeful those benefits will be there. Worse, few are taking action today to cover the potential gap.
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| What Do the Social Security Changes Mean? |
| Experts tell PLANADVISER a client’s date of birth is critical for understanding how they will be affected by recently revealed changes in Social Security claiming strategies.
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| Data Points: Retirement Plan Balances by Industry |
| Law firms and utilities have the highest average account balances, while other industries struggle with lower savings rates and turnover challenges.
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| Insurers Are Prepping for Interest Rate Changes, Are You? |
| According to Alexi Maravel, associate director at Cerulli, the way a particular insurance company is reacting to a likely interest rate hike depends on its business line. Life insurance companies, for example, are making investment adjustments to their surplus assets, while, on the other end of the spectrum, health insurers are raising liquidity.
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