Search results for: Millennials
Younger Generations Seek Out Advisers Earlier
Demand for financial advice is at an all-time high, Northwestern Mutual reports.
Don’t Overlook the Silent-to-Gen X Generational Wealth Transfer
Hearts & Wallets’ findings counter the idea that the Baby Boomer-to-Millennial wealth transfer should be advisers’ focus.
Where is the Disconnect Between Employers and Employees?
Payroll Integrations finds that employers pay for benefits their workers think are not very important.
Challenges Facing Young Savers
Industry experts discuss how to address challenges facing young workers.
Retirement Confidence Not Recovered, But Steady, Says EBRI
Although confidence hasn’t recovered since the last reading, many Americans feel optimistic about their retirement.
Younger High-Net-Worth Investors Seek Out Alternative Investments
Gen Z and Millennials are turning to alternatives instead of traditional stock and bond investments.
Gen Z Savers Starting Strong, But Risk Being Overly Optimistic
Although Gen Zers are showing a strong start to retirement savings, they still may be too aggressive in their financial planning, according to a new report by Goldman...
Investor Shifts Herald ‘Irreversible Decline’ for Mutual Funds
A Broadridge study shows the continued shift away from mutual funds to ETFs and stocks by individual investors; separate Simfund data shows total outflows year-to-date.
Investor Satisfaction With Online Brokerages Flatlines
J.D. Power finds self-directed investors’ satisfaction is almost flat year-over-year despite robust markets; Fidelity, TD Ameritrade and Vanguard top satisfaction lists.
‘Magic Number’ for Retirement Hits All-Time High
Northwestern Mutual finds Americans now target $1.46 million for retirement, while a separate Lincoln Financial study shows inflation as consumers’ top concern.
Millennials, Gen Z Triple Financial Wealth Since 2019
Financial assets of the two generations have grown to almost $6 trillion in 2022 from $2 trillion in 2019.
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.
Most Americans Expect to Live Longer, Still Retire Around 67
Research from Corebridge and the Longevity Project find half of Americans want to live to 100, even as financial anxieties around how to do so run high.
Employee Well-Being Differs Significantly by Demographic
Gender, race, income and age all shape the well-being of employees and should be taken into account when designing workplace benefit plans, according to Buck.
Peak 65 Finds Millions of Americans Unprepared, Economist Warns
The Alliance for Lifetime Income sounds the alarm bell in a new white paper, while separate research from Principal shows more evidence of workers planning a gradual retirement.
Client Attraction Through Giving
401(k) marketers and advisers give tips on business development in an age of compressed fees, social media and busy schedules.
Conference Coverage
PLANADVISER National Conference 2023
At the 2023 PLANADVISER National Conference, held in September in Scottsdale, Arizona, advisers heard from experts and leading professionals about the skills and knowledge increasingly needed in today’s...
401(k) Loans, Hardship Withdrawals at 2-Year High
Both loans and hardship withdrawals have increased to the highest rate since the pandemic, according to Empower’s annual retirement study.
Money May Buy Happiness After All, Empower Survey Shows
Of Americans surveyed in an August poll, almost 60% said money buys happiness, at least in part, as it gives them the option to retire with dignity.
Fewer Than Half of Workers Plan to Review Retirement Plan Contribution
Corebridge experts recommend employees take advantage of this month’s open enrollment to expand their retirement savings.