Millennials Redefine Retirement as ‘Financial Independence’
Although Millennials are somewhat confident about having enough retirement savings, a significant number experience 'money dysmorphia,' according to new research.
Tag: retirement readiness
PGIM Unveils Retirement Confidence Index
The RetireWell Confidence Index ranks worker responses on a scale of six confidence levels.
Americans Remain More Wary of Inflation Than Retirement Shortfall
Fears about both inflation risk and retirement income remain elevated, per annuities and insurance provider F&G.
Low- to Moderate Income Workers Face Brunt of Climate Change Effects
The financial situations of African Americans, Hispanics and women are particularly vulnerable to the results of extreme climate events.
US Workers Expect AI to Extend Human Longevity, Increase Retirement Needs
A Nationwide survey found that Americans are bullish on artificial intelligence but less confident in their ability to pay for...
Most Retirees Would Change Retirement Strategy, Lincoln Financial Finds
Separately, Hartford Funds’ Mike Lynch says employers should consider a program for retirees to mentor pre-retirees to improve retirement readiness.
US Retirement System Matches Worldwide Average With C+ Grade
The US scored 63 on an overall index for pension coverage value, 23 points behind the No. 1 spot held...
Half of Hispanic Adults Not Prepared for Retirement, LIMRA Reports
Financial institutions have an opportunity to design solutions tailored to the needs of a huge potential audience of Latino workers.
Vanguard Says Sweeps, Auto Enrollment Still Key in Combatting Savings Gaps
Retirement readiness is strong among many workers, but large gaps remain for plan sponsors and advisers to address.
Most U.S. Workers Expect to Fall Short of $1.1 Million Retirement Savings Goal
64% of Millennials and 62% of workers aged 45 and older said their workplace retirement plan will not reach the...
US Workers’ Retirement Readiness Declines Amid Market Volatility
American savers only have 78% of the income needed to cover expenses during retirement, according to Fidelity, down from the...
Workers Remain Optimistic About Retirement
Workers are confident that they will have enough money for basic expenses during retirement.
Publisher’s Note
Greater Expectations
Many advisers have work to do, to help their clients help their workers attain retirement readiness.
Advisers Can Integrate Clients’ Self-Directed Retirement Accounts
A partnership between a financial technology company and registered investment adviser can integrate clients’ retirement assets into their practice.
Advisers Can Help Women Add to Growing Retirement Confidence
Women are adjusting their approach to finances and value advisers who will listen to them.
Americans Say They Want to Work With an Adviser This Year
A survey finds respondents are concerned about future uncertainties and say long-term financial planning has become more important.
Only One-Third of Households Report Having a Written Financial Plan
Research found written plans are associated with higher savings and bigger emergency funds.
Increasing Exposures to Private Equity Boosts Retirement Security
EBRI research shows the impacts on participants’ retirement security of replacing TDF equity exposures with private equity allocations for participants...
Pandemic Has Increased Financial Wellness and Retirement Readiness Disparities
Two-thirds of Black and Hispanic respondents to a Society of Actuaries survey said if they are changing or considering changing...
Generations Divided About Short-Term Financial Confidence
After facing challenges resulting from the pandemic, younger participants show the most interest in receiving help from a financial professional.