Search results for: Millennials
Pre-Retirees Expect to Need More Money Than What Retirees Spend
In the U.S., pre-retirees think they will need 74% of income, but retirees only receive 58%.
Investment Products and Services Launches
Transamerica Launches Stable Value Account for Retirement Plans; TD Ameritrade to Provide CLS Fund Models on Market Center Platform; Fidelity Offers Third ESG Investing Option; and more.
Gig Workers Face Financial Challenges
Prudential says today’s financial wellness challenges may lead to tomorrow’s retirement shortfalls.
Workers Worry About the Future of Social Security
This is especially a concern, as only 20% believe they are saving adequately for retirement.
Gen X, Millennials May Have Misguided Retirement Expectations
More than one-third of Gen Xers and Millennials have no retirement savings, and although many expect to rely on Social Security for a major portion of retirement income,...
ESG Investing Continues to Rise
Yet, according to ClearPoint Financial Partners, the investing strategy only accounts for less than 1% of the $7.7 trillion U.S. defined contribution (DC) retirement market.
PSNC 2018: Investment Lineup Design and Construction Can Safeguard Retirement Savings
Panelists discussed numerous investment options that can push additional retirement savings.
Female Millennials Have 34% Less Saved Than Their Male Counterparts
The women are also far more risk-averse, PNC Investments learned in a survey.
An Experiment in Crowd Funded 529 College Savings
A little more than a year ago, Franklin Templeton launched its “Spryng” college savings tool, making a bet that the capabilities of crowdfunding could translate well to the...
Millennials Expect to Retire at Age 56
Fifty-three percent expect to become millionaires, TD Ameritrade found in a survey.
Americans Turning to Humans More So Than Technology for Financial Advice
When it comes to making financial decisions, 81% of Americans are most likely to turn to a financial adviser over their closest confidants, including wealthiest friends (70%), older...
Trendspotting
Talking Points
Covering Health Care in Retirement A 65-year-old couple retiring this year will need $280,000 to cover health care and medical expenses throughout retirement. This is a 2% increase...
Most Americans Don’t Know How Much They’ll Need, to Retire
Among those who have made an estimate, the median amount is $650,000, Bankrate.com learned in a survey.
Roth Conversions Part of the Tax Diversification Tool Belt
Under IRS guidance, participants can select to convert their entire pre-tax balance or a portion of it; they often have a lot of questions about the right amount...
Participants in Advised SDBAs Have More Diversified Allocation
A report based on data from participants in the Schwab Personal Choice Retirement Account says 18.7% of SDBA accounts were managed by an independent investment adviser.
Reported Gifts to Grads Indicates Millennials Understand Financial Issues Facing Them
Millennials are more likely than Gen Xers or Baby Boomers to give the gift of help with financial obligations, such as student loan payments and bills; financial education...
Millennials Better Prepared for Retirement than Their Parents
More than half have set specific retirement goals, J.D. Power learned in a survey
Employees Have Other Financial Issues That Get in the Way of Retirement Readiness
A PwC survey finds employees are struggling with debt and supporting adult children and aging parents, but also are not investing in their retirement plans properly or using...