Talking Points
Reported by PA Staff
Carry On
53% of Americans expect to retire after age 65 or not at all, and 56% plan to continue working at least part-time in retirement.
Source: Transamerica Center for Retirement Studies survey
High Price
An average couple making $30,000 a year and contributing 5% to their 401(k)s would pay $154,794 in 401(k) fees over their working careers. For a couple making $90,000 a year, that would be $277,000.
Source: America’s Best 401k
Lessened Awareness
Plan sponsors who do not think they are a fiduciary
Source: AllianceBernstein
Playing It Safe
Nearly two decades after leaving full-time work behind, the average retiree still has 80% of his nest egg intact.
Source: BlackRock Retirement Institute and the Employee Benefit Research Institute
Investors Got a Break
21% of investment managers planned to lower their fees last year.
Source: Callan Institute, 2017 Investment Management Fee Survey
Taking Responsibility
More than half of Americans (52%) think individuals will play a larger role in paying for health insurance and saving for retirement over the next 10 years.
Source: American Benefits Council
Americans Make Financial Strides
47%
Say they were better
off in 2017 than they
were in 2016
off in 2017 than they
were in 2016
76%
Think they will
continue to improve
their finances in 2018
continue to improve
their finances in 2018
40%
Reduced their
debt in 2017
debt in 2017
Source: Fidelity Investments