Tag: Participants

However, they are very responsible with their budgets, with 53% having an emergency fund

Nearly one in four say retirement planning is a touchpoint for financial stress

For most people, saving for retirement does not become pressing until their 40s or 50s, when it may already be too late to craft a realistic retirement income planning strategy. 

The Wells Fargo/Gallup Investor and Retirement Optimism Index remains at a 17-year high, despite a clear uptick in volatility, with the index at +139 in the first quarter; the firm’s head of retirement dissects the findings for PLANADVISER readers.

IRI President and CEO Cathy Weatherford says financial advisers are uniquely positioned to help Gen X effectively plan for their retirement concerns.

Nearly 70% of families where the head of the household is 55 or older carry debt, EBRI found.

However, their top three financial fears include health challenges, job loss and market volatility

Despite the tremendous progress of the last decade, there remain some “surprisingly different perspectives” among plan sponsors, recordkeepers, and individual participants when it comes to priorities and best practices, according to a new Cerulli report.

Businessolver President and CEO Jon Shanahan says a new joint solution being rolled out with Transamerica better acknowledges the “intrinsic relationship between wealth and health” by delivering a “one wallet” approach. 

Anne Ackerley, head of BlackRock’s defined contribution business, sat down last week with PLANADVISER to offer a sneak peek at the DCIO provider’s latest DC Pulse Survey; the data shows increased confidence among plan participants, while sponsors have emerging decumulation concerns.

Among those who said they would like to save more, 56% said retirement was a top reason; however, LIMRA found that debt is a major obstacle preventing many people from saving as much as they would like.

Fifty-three percent say that working with an adviser could help them meet their goals.

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

However, this is not always the case for lower-income workers.

The redesigned plan participant portal is based on insights gained from working with more than 5 million workers across the U.S., according to the firm.

While they are less trusting of their advisers and providers, clients who identify as “online enthusiasts” have increased the amount of market risk they are taking.

The platform highlights the importance of integrating both physical health and financial wellness in a worker's lifestyle. 

This is up from 62% in 2005, Fidelity Investments says.