A new survey report notes that women control a third of total U.S. household financial assets today—more than $10 trillion—and as much as $30 trillion more is expected to shift into the hands of U.S. women over the next five years.
With South Carolina joining the party, nearly half of all states have now adopted enhanced consumer protections applying to the sale of annuities, as developed by the National Association of Insurance Commissioners.
Double-digit growth for fixed-indexed annuities and fixed-rate deferred annuities drove overall sales to pre-pandemic levels during the first quarter.
Survey data shows the COVID-19 pandemic has changed the way workers understand and appreciate both their health care benefits and their retirement planning opportunities in the workplace.
Cetera-affiliated retirement plan advisers can access the option for retirement income strategies.
With a new retirement withdrawal projection from J.P. Morgan, advisers have a tool to help participants gradually spend down accumulated balances.
A recent U.S. House Education and Labor Committee hearing covered several retirement-related topics, including how to increase pay and benefit equity for women in the workforce.
J.P. Morgan says retiree income replacement needs have risen across the income spectrum and now range from 72% to 98%, depending on factors such as pre-retirement income level and location.
Study findings suggest that communicating about Social Security’s online portal could improve retirement preparedness, especially for low-income employees.
Research suggests making participants more comfortable with annuitizing their savings could help them with spending in retirement.
The bill, which has been introduced in previous legislative sessions, would allow annuities to be a default investment in employer-provided 401(k) plans.
Research shows workers who cash out their retirement plan savings could lose roughly 1.5 years of accumulated wages, but auto-portability seeks to make it easier to prevent this.
Groom Law Group has published a guide that discusses fiduciary duties in the context of providing lifetime income options within defined contribution plans.
The firm says the digital tools embedded on the website are designed to encourage participants to engage more with their accounts.
The past two years have been challenging for institutional investors, but they have also brought about opportunities to address some long-term financial challenges.
State Street launches new retirement income strategy, while Federated Hermes launches two new ETFs.