Workers Remain Optimistic About Retirement
Workers are confident that they will have enough money for basic expenses during retirement.
Greater Expectations
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 who have access to a plan and invest in TDFs.
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 their plans for retirement, they will retire later.
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.
Only 31% of Hispanic Workers Participate in a Workplace Retirement Plan
Morningstar says there are several factors besides lower income that could contribute to the lower savings relative to other demographic groups.
‘Public-Private’ Retirement Programs Have Strong Support
An AARP poll taken in Michigan identified widespread approval for the concept of a state-run retirement savings program for workers who lack access to other retirement savings opportunities.
With Prudential Acquisition, Empower Aims for Growth Up to 3x Faster Than Other Recordkeepers
The CEO of the nation’s No. 2 recordkeeper says Empower’s focus will continue to be on a best-in-class user experience.
Advisers Have Opportunities to Help Sponsors and Participants Address Retirement Risks
Advisers can help retirement plan sponsors implement investment and withdrawal options and start conversations with participants who are reluctant to share their fears.
Employer Plan Growth
Common Factors Mark the Most Confident Retirees
Of course, a person’s absolute level of wealth has an impact on retirement confidence, but this is far from the only important factor at play.
Empower to Launch New Website for Participants and Individual Investors
It will offer a highly personalized digital experience that can integrate other assets.
Despite Pandemic, Workers Remain Confident About Retirement
Plus, confidence about Medicare and Social Security benefits reaches an all-time high.
Plans vs. Reality
Senators Expand Retirement Benefits for Military Spouses in New Bill
The proposed legislation comes months after a Department of Defense report found that a quarter of military spouses are unemployed.
15th Anniversary of RPAY: Everhart Advisors
Since being named the 2018 PLANSPONSOR Mega Team Retirement Plan Adviser of the Year, the practice’s assets under advisement have doubled.