Search results for: Millennials
Automatic Enrollment Helping Participants Increase Retirement Savings
Fidelity finds that since 2008, the average savings rate among employees automatically enrolled has risen from 4% to 6.7%, and 63% of automatically enrolled participants in the past...
Saving for Retirement Is Americans’ Biggest Financial Worry
Younger Baby Boomers and Gen Xers are the most stressed about retirement, a Bankrate.com survey found.
Inheritance Is Not a Sound Retirement Strategy
Younger workers who came of age during the Great Recession are now making decisions that will have a lasting impact on their ability to generate wealth, including their...
LendEDU Says Millennial Spending Habits Won’t Impede Retirement Savings
The average Millennial spends over $30 on coffee per month, but will also, on average, save $480 for retirement in the same time frame.
Reading Into Fidelity’s ‘Zero Expense Ratio’ Retail Mutual Funds
Fidelity this week introduced what it is calling “self-indexed, zero expense ratio mutual funds” on the retail side of its business; the move may not directly touch retirement...
WebMD Health Services Offers Financial Wellness Program for Employees
The new offering, iGrad's Enrich financial platform, goes beyond investment and benefits planning to provide the foundational information and insights needed to help consumers not only improve financial...
Intro
Best Interest in Mind
Plan sponsors are likely to ensure that advisers are keeping participants' best interests in mind when recommending rollovers, even though the fiduciary rule has been vacated.
Retirement Plan Leakage Thwarts Automatic Enrollment
A TIAA study finds the feature's benefit are continuously offset by pre-retirement withdrawals and plan loans.
SEI Sees Advisory Fees at a Crossroads, Offers Value Roadmap
While clients may not be asking about fees or complaining directly, their changing behaviors are making advisers work harder and add more services, leading to a decrease in...
Most Millennials Have Appropriate Allocations
This is despite having lived through two bear markets.
DC Plans and Health Care Employers First Movers into ESG Investing
Of the 12% of institutional investor respondents to a recent survey who have incorporated ESG, most are DC plans, and more than half are healthcare-focused organizations.
Millennials Value Financial Planning as Much as a Bonus
They also believe having an adviser they can trust is important for their financial confidence.
Millennials Reluctant to Invest in the Market
However, there are things retirement plan advisers and sponsors can do to encourage them to take on more risk.
Small Plans Must Embrace Auto Features, for Employees’ Sake
Employees of small businesses with retirement plans that include automatic enrollment have far higher participation rates across all demographic variables, according to new data shared by Vanguard.
Millennials Benefiting from Retirement Plan Modernization
They are on track to replace 75% of their income, compared to 64% for Americans overall.
A Mere 6% of Retirees Continue Working
But more than half of pre-retirees expect to hold down a job, PGIM found in a survey.
Only Half of Employers Familiar With Financial Wellness Topics
It is also challenging to calculate the return on investment from financial wellness programs, Strategic Benefit Services found in a survey.
Mercer Advocates for Greater Use of Technology to Address Financial and Physical Wellness
“To transform saving into an engaging consumer experience rather than a financial services experience, employers must present it not as something difficult and unpleasant but as something that...