Advisers Have Window to Help Women Strengthen Retirement Readiness
A survey shows that, because of the COVID-19 pandemic, many women feel they are on the wrong track for retirement.
The Role of Advisers Is Expanding
In light of the pandemic, at least 22 million Americans spoke with a financial adviser for the first time as many looked to make plans for retirement and end-of-life preferences.
Women Face $1.1M Lifetime Salary Shortfall
Retirement plan advisers can help women overcome this hurdle by being aware of the issue and counseling them on benefits and other career issues appropriately.
Workers Concerned About How Election Day Will Impact Retirement Savings
A Lincoln Financial report also finds some workers are uncertain or confused when it comes to how they should prepare their retirement plans ahead of election results.
Coronavirus News for Plan Advisers
Focused analysis of market movements, business challenges and legislative and regulatory actions.
Business Owners Dream (Wrongly) of an Easy Retirement Transition
American Academy of Actuaries, SOA Update Longevity Illustrator
Understanding how long they may live opens up important retirement planning discussions with clients.
Partnership Allows RIAs to Integrate HSAs Into Retirement Planning
Offering health savings account (HSA) services allows advisers to add value and help clients more holistically plan for retirement, Kristen Donovan, with BAM Retirement Solutions, tells PLANADVISER.
Addressing Participant Longevity With Plan Design and Advice
Robert Scheinerman, president, AIG Retirement Services, says smart retirement plan design, access to advisers and passage of pending legislation can help Americans have enough money for a 40-year retirement.
Almost Half of Boomers Have No Retirement Savings
A large number of Boomers lack any kind of planning for retirement, and most have not set a retirement goal, IRI research found.
Education Key to Helping Different Cultural Groups Manage Retirement Expectations
Approximately half of the participants surveyed by MassMutual had calculated how much savings they need to retire, with about one-third actually creating a formal plan. However, there were outliers.
Pentegra Releases Millennial SmartPath
Pentegra Millennial SmartPath is a report detailing best practices and strategies for Millennials to help improve retirement readiness and overall financial wellness.
J.P. Morgan, LIMRA Offer Planning Guides for Financial Advisers
The J.P. Morgan guide includes late-cycle retirement discussions, and the LIMRA guide highlights 10 common myths of pre-retirees and retirees.
Average Age Americans Plan to Retire Is 62
However, only 56% of people have calculated how much income they need to retire, MassMutual learned in a survey.
Planning for Long-Term Care Needed to Alleviate Burdens on Family Members
Among family caregivers, 60% said they had no idea how demanding it would be, and that an insurance product to help with long-term care could have alleviated some of this pressure, according to Lincoln Financial Group.
Misperceptions Over the Affordability of Using an Adviser
A survey by OneAmerica indicates roadblocks in affording financial adviser services.
Employees Not Valuing Debt Help in Financial Wellness Programs
Yet, nearly three-quarters (71%) of those responding to an EBRI survey who said debt was a major problem worried about finances at work.
Advisers Should Consider Unpredictable Retirement Age in Client Retirement Planning
Morningstar suggests individuals and their advisers should focus on strategies that can maximize retirement savings, regardless of planned retirement age.
Millennials Open to Investment Advice and Help Planning for Retirement
Asked what they look for in an adviser, Millennials say experience, followed by someone with similar demographic qualities as themselves.
Asian Americans Could Use More Education About Retirement Planning
A MassMutual study finds Asian Americans are more thoughtful retirement investors than other demographics, but they lack education about how long they will need to make their savings last and the timing of claiming Social Security.