Tag: retirement outlook

Health, Family, Purpose, Finances: ‘The New Four Pillars of Retirement’
Edward Jones and Age Wave say advisers should take a new approach to working with retirees by helping them determine what they want to do when they stop working.
Millennials Hit Hardest During the Pandemic
Many have dipped into their retirement savings, and some have even stopped or cut back on their contributions.
Workers’ Retirement Confidence Has Declined Due to COVID-19
More than half have experienced one or more negative impacts to their employment.
Workers Need Help on Retirement Income
They expect 44% of their retirement income will come from their 401(k), according to Charles Schwab, and half said they would benefit from financial advice.
Women’s Retirement Confidence Has Ebbed Since Start of Pandemic
A mere 17% of women say they are very confident they will be able to retire comfortably, according to the Transamerica Center for Retirement Studies.
Helping People Work Past Age 65
While 75% of employers consider their companies to be “aging friendly,” only 54% of workers think their companies have adopted such policies.
Many Parents Draining Savings to Help Children
The Bank of Mom and Dad is playing a major role in the U.S. housing market, according to Legal & General Group, putting some parents' retirements at risk.
Majority of Americans Unsure of Their Retirement Future
The reason is primarily because they have not created a comprehensive, written plan, according to Fidelity.
Many Parents Sacrifice Retirement Savings to Fund Adult Children’s Lifestyle
Overall, 50% of parents have cut back on their retirement savings to help their kids out.
New Index Asks, Who Is Actually Very Confident About Retirement?
In order to boost Americans’ retirement outlook, there are a number of practical things that retirement plan advisers and sponsors can do, Jamie Ohl, president of the retirement business at Lincoln Financial Group, tells PLANADVISER.
Middle-Income Americans Fret College and Retirement Costs
Only 33% think they are saving enough for retirement, according to a Primerica survey.
Women Feel More Vulnerable to Retirement Risks
Nearly one-third fear they will outlive their assets, according to LIMRA-SRI.
Retirement Savings Shortfall Ticks Downward
Just over four in 10 U.S. households are projected to run short of money in retirement, according to an updated analysis from EBRI.
Ahead of the Retirement Wave

Advisers Boost Retirement Confidence
Americans Confident DC Plans Will Help Them Meet Their Retirement Goals
They also say that these accounts help them think about the long term and make it easier to save, an ICI survey found.
Senators Propose Retirement Security Act of 2019
The bipartisan legislation is designed to help close the $7.7 trillion retirement savings gap.
Majority of Americans Think They Are on Track for a Secure Retirement
However, they are worried about health care costs.
Longevity to Exacerbate the Challenges Retirees Face
For those 75 and older, out-of-pocket medical costs amount to 20% of their income.