Tag: individual retirement account (IRA)

Participants who were age 60 or older when they retired were more likely to keep assets in the plan if it permitted installment payments, according to Alight Solutions.

Forty-four percent say that focusing on health and wellness is a primary concern, according to a survey by TD Ameritrade.

Among those who make ongoing contributions, 53% were approached by a financial services company or professional to set it up.

The optional living benefit rider is available within Lincoln variable annuities and is designed to help maximize income on qualified money.

Cerulli also sees opportunities for advisers in the 403(b), defined benefit (DB), and financial wellness markets.

And the owners of traditional IRAs rarely withdraw from their accounts, according to ICI data.

In the past 10 years, the average 401(k) balance has grown 87%, from $56,900 in the third quarter of 2008, Fidelity Investments reports.

Saving practices tend to vary based on the investor’s age.

Fidelity finds that since 2008, the average savings rate among employees automatically enrolled has risen from 4% to 6.7%, and 63% of automatically enrolled participants in the past...

Fifty-four percent of respondents to an Allianz Life survey say that other expenses are interfering with their retirement savings, and 20% say they are saving for other financial...

Together, they supply 40% of retirees’ income.

That is followed by not saving for an emergency, and taking on too much credit card and too much student loan debt.

Furthermore, only 37% are contributing to an IRA, and 18% to a HSA, Edward Jones learned in a survey

It is available to workers 18 years and older who have contributed to a company-sponsored retirement plan or IRA.