Thirty-eight percent do not participate in a 401(k) plan, individual retirement account (IRA) or other type of retirement plan.
This is the highest percentage Bankrate.com has noted since 2011.
Fidelity’s second-quarter 2017 401(k) plan analysis shows record balances tied to strong performance in the stock market.
Social Security may be enough to cover their retirement needs, while the accumulation of personal savings can jeopardize other key safety net benefits.
The platform is designed to provide flexibility in investment selection, advice and education for all types of IRAs.
The eMoney Advisor platform will be updated with tools designed to help users suggest the right retirement products for clients based on their individual needs and preferences.
The FiduciaryShield toolset launched by Redhawk aims to help advisers meet fiduciary responsibilities on behalf of IRA holders.
Oregon's state-run retirement program for private-sector employees will be rolled out July 1.
$7.4 trillion is currently invested in individual retirement accounts, the ICI reports.
Fiduciary Benchmarks is planning to launch a series of services in response to the DOL’s conflict of interest rule.
In the midst of ongoing litigation regarding excessive fees, plan sponsors need an understanding of the different fund share classes available and how they affect fee structure.
A new bill introduced by Senate minority Democrats, seeking to protect ERISA exemptions for state- and city-run retirement plans for the private sector, would likely be made redundant with the removal of the Obama-era fiduciary rules.
Of this group, 58% obtain professional financial advice.
The firm has consistently been an early mover in announcing fiduciary rule implementation plans—and that trend continued this week with the news that ML advisers will retain some access to commission-based IRAs.
A new study by the Center for Retirement Research explores the modern state of the individual retirement account and those who invest in it.
Market forces may drive some of the reforms the Department of Labor sought to achieve under the Obama presidency—but a cadre of investors also remains committed to commissions.
Investing in a Roth versus a traditional IRA effectively raises the limit on what one can save, leading to materially greater wealth in retirement in the vast majority of tax scenarios.
Many simply do not know enough about them.
Amid the effort to roll back the fiduciary reforms, retirement advice providers that moved early to get into compliance with the proposed conflict of interest standards are left to reassess how to proceed.
A coalition of advisers and providers is making the case on Capitol Hill that dialing back DOL guidance supporting state-run retirement savings programs for private sector workers is ill advised.