Data Mine—March 2020
With each edition of the PLANADVISER Data Mine, we dig for the most actionable findings in the latest retirement plan industry research.
Divorce Can Derail Otherwise Solid Retirement Plans
Data Mine—December 2019
With each edition of the PLANADVISER Data Mine, we dig for the most actionable findings in the latest retirement plan industry research.
Data Mine—November 2019
The retirement plan industry is flush with data points and analyses. In this November 2019 edition of Data Mine, we have dug out the most useful findings from a range of published works.
Pension Income Still Dominates. That Will Soon Change.
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.
Data Mine—October 2019
The retirement plan industry is flush with data points and analyses. In this October 2019 edition of Data Mine, we have dug out the most useful findings from a range of published works.
Gen Xers Feeling Financially Squeezed
They have mortgages, second homes, kids going to college and elderly parents. They’re even thinking about long-term care policies.
ADP Offers Plan Health Dashboard
It assigns points to various plan and participant features and recommends ways to improve participants’ retirement readiness outlook.
10 Retirement Planning Tips for the Self-Employed
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.
Retirement Readiness From a Global Perspective
Sponsors Less Optimistic than Advisers About Participants’ Retirement Readiness
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.
Disparities in Savings Show Need for Retirement Help for Women
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.
Education Can Help ‘Savers’ Feel Confident Like ‘Investors’
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.
Americans Have Set Own Savings Thresholds for Retirement Preparedness
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).
Advising on Short-Term Goals for the Long-Term Future
Financial Regrets Voiced by Majority of Americans
Millennials bemoan their student loan debt loads while Baby Boomers voice the most regret about not saving for retirement earlier, according to a Bankrate.com survey.
Generation X in Most Precarious Retirement Readiness Situation
Defined contribution (DC) plan design and financial advice can help Generation X, who lacks financial stability and is falling short in retirement savings, improve retirement preparedness.
Bill Reintroduced to Create Federal Retirement Commission
The Federal Retirement Commission would conduct a comprehensive review of private benefit programs in the U.S., with an eye toward strengthening them.
Financial Stress Flows Up and Down the Generations
A new TIAA survey suggests Americans who are concerned about their parents’ financial security are more likely to feel stress about their own retirement preparedness.
Actions Individuals, Employers and Governments Can Take to Improve Retirement Readiness
Advisers can play a role by encouraging actions by plan sponsors and participants.