Tag: retirement readiness

By one estimate, allowing people to work longer could boost GDP by 19%.

Many people don’t know as much as they should about retirement and investments. There is no time like the present to learn.

John Hancock's retirement planner suggests steps that will help participants get on track if they’re behind or improve their general financial health if they’re retirement ready.

The vast majority of today’s retirees still draw the lion’s share of their income from Social Security and pensions; however, in coming years the balance will very quickly tip to private savings sources such as 401(k) plans.

They have mortgages, second homes, kids going to college and elderly parents. They’re even thinking about long-term care policies.

It assigns points to various plan and participant features and recommends ways to improve participants’ retirement readiness outlook.

The self-employed think about and plan differently for retirement compared with their counterparts working for companies and corporations; they also have double the emergency savings.

A survey by Voya also found that sponsors do not always understand the services that advisers provide, which means that advisers need to communicate their value more effectively.

Women place more importance on advice that fits into their work or personal schedule, as opposed to men who place more importance on advice that alerts them to critical developments in their accounts, a T. Rowe Price survey found.

Nearly all of those responding to a new Schwab survey say they would feel confident about making the right financial decisions with professional help, yet only half feel their current situation warrants professional advice.

Adults ages 45 to 59 who say their retirement savings are on track typically have at least $250,000 saved, according to the sixth annual Survey of Household Economics and Decisionmaking (SHED).