New analysis concludes that Social Security benefits, along with 401(k) savings, can provide workers with an annual income level representing more than half of preretirement pay.
From a fiduciary perspective, defined contribution (DC) plan sponsors largely focused their time on fees and compliance in 2013, according to data from Callan.
Participants tend to stay in-plan for a time after retirement, research shows, and may need help deciding how to preserve and maximize their account balance.
More employees are participating in employer-sponsored retirement plans, thanks to plan design changes, but there are still improvements that can be made.
Investors at different income levels define wealth management services differently, research shows, increasing the risk of misunderstanding and client loss for advisers in the channel.