Rise in Savings, Markets Drive Fidelity Retirement Accounts to Record Highs
401(k), IRA and 403(b) balances each increased by 5% since the second quarter of the year, according to Fidelity's ‘Q3...
Tag: retirement savings
74% Report Difficulty Saving for Retirement, per Goldman Sachs
Living paycheck-to-paycheck is a reality for 42% of surveyed Generation X, Millennial and Generation Z workers.
Abandoned 401(k) Accounts Double in Past Decade
‘Forgotten’ 401(k) accounts now total $2.13 trillion, showing an increase of nearly 30% since mid-2023, according to Capitalize.
Drawing Lessons from Gen X’s Financial Missteps
Three separate studies highlight how a majority of Generation X respondents feel they fell short of their retirement goals.
US Retirement Assets Rise to $45.8T in Q2
Retirement assets now account for 34% of all household financial assets in the country, according to the Investment Company Institute.
Worker Optimism About Retirement Rises, Actual Savings Contributions Fall
Employers’ confidence in their employees’ retirement savings is at its lowest point in a decade, but savers’ confidence has risen...
Nearly Half of Gen Z Workers Dip into Retirement Funds, Per Survey
Of the 46% of Generation Z workers who reported withdrawing money from their retirement funds, nearly half did so to...
Most Common Financial Regret? Putting Off Retirement Savings
More than one-third of Baby Boomer and Generation X respondents said their biggest financial regret was waiting too long to...
At 90 Years Old, Social Security Counted On by 69% of US Population
According to recently released research by the Transamerica Institute, almost one-third of U.S. adults expect Social Security to be their...
Milken Institute Research Explores Federal Accounts for Newborns
The “Invest in America” accounts would provide all U.S. children with a federal government-funded $1,000 grant to be invested and...
Should US Consider $1,000 Newborn Seed Accounts?
Leading economists pitched the idea of a universal kick-starter investment account at an Aspen Institute financial security event.
How Americans’ Health Care Costs Affect Their Work and Savings
Two out of every five Americans are postponing health care needs due to cost concerns, according to a survey commissioned...
Why Defining Plan Goals is Key to Success
Plan sponsors should articulate organizational objectives to derive optimal benefits from workplace financial wellness initiatives, say experts during a PLANSPONSOR...
Labor Economist Takes Aim at ‘Working-Longer’ Culture
Teresa Ghilarducci discusses why her new book pushes back on working in old age as an answer to retirement insecurity.
Advisory M&A News – 11/20/23
Wealth Enhancement adds two New York-based RIA firms; Bitcoin IRA acquires Shrimpy.io; UBS snags Merrill wealth advisory.
Morningstar, Envestnet Partner on Personalized IRAs Targeting All Balance Sizes
The managed accounts service will be powered by fintech IRALogix and is aimed at IRA holders without an adviser.
As Many Retirees Plan to Work for Fulfillment as for Money, Empower Finds
Personalized advisement remains key for working retirees no matter their circumstances, says a financial adviser with the recordkeeper.
US Retirement Assets Rise for 4th Straight Quarter Through Q2
Defined contribution plans grew at a rate of 12% to $10.2 trillion, according to ICI, even as separate Escalent research...
As Health Costs Dominate Budgets, HSAs Continue to Emerge as Retirement Saving Vehicles
Expert says the marketplace has approximately 36 million HSAs, housing more than $100 billion in assets.
Investors Nearing Retirement Seek Strong Support and Brand Familiarity, Cerulli Reports
Latest research found 45% of investors prefer an adviser affiliated with a national firm when they are nearing retirement.