Gig Workers Uncertain if They Will Retire, Likely to Self-Fund if They Do
Many freelancers plan to work beyond 65, and 30% say they don’t plan to retire at all.
DOL Contractor Rule Threatened by 20% Adviser Quit Rate
An FSI survey shows independent advisers would retire before being classified as employee as the DOL mulls tens of thousands of comments on a proposed rule change.
How Advisers Can Play a Role in Serving Gig Workers
Financial Planning With Gen Z Gig Workers
As more Gen Zers enter the gig workforce, financial advisers are tailoring their services to fit the needs of these workers.
Nontraditional Workers Face Big Setbacks Amid COVID-19
But retirement industry professionals can find ways to help improve their situations.
Advisers’ Future Trajectory
DOL Opinion Letter on Gig Workers Puts Retirement Savings Onus on Them
Experts say gig workers have little access to workplace retirement savings plans and the opinion letter will only discourage employers from offering them such plans, but they do have other options that advisers can educate them about.
Gig Workers Receptive to Financial Advice
Overall, gig workers report more difficulty with nearly all financial tasks, a Hearts & Wallets survey found.
Gig Workers Report Being More Involved in Their Finances
Although only 56% of independent workers are actively saving for retirement, they are just as likely as traditional workers to feel they are financially prepared for retirement, a T. Rowe Price survey found.
Gig Workers Face Financial Challenges
Prudential says today’s financial wellness challenges may lead to tomorrow’s retirement shortfalls.