Search results for: Millennials
Millennials Increasingly Embrace Roth and Traditional IRAs
The percentage of people who contributed to their Fidelity IRA in Q1 2018 increased 14% over a year ago; among Millennials, IRA contributions increased even more.
2018 Modern Wealth Index Highlights Importance of Planning
A new analysis from Charles Schwab shows those with a written financial plan are much more likely to have a higher overall Modern Wealth Index score, be regular savers,...
Americans Unfamiliar With 529 Plans
A mere 29% know that they are vehicles for education savings, Edward Jones found in a survey
RIAs Predict 41% of New Clients Will Be Gen X, Millennials by 2023
This will mean shifting their current focus from Baby Boomers, TD Ameritrade learned in a survey.
Millennials Learned to Save, But Not How to Invest
Half of Millennials expect to retire with financial stability, although most admit they do not know how to successfully invest, PNC Investments found in a survey.
Technology and Retail Clients Most Burdened by Student Debt
Data provided by CommonBond shows that workers in the technology and retail industries are most straddled with student loan debt; even workers in industries less impacted by student...
Trust in Social Security Falters in 2018 Planning & Progress Study
About one in three Americans have less than $5,000 in retirement savings, and one in five have no individual private retirement savings at all, according to a new...
Employers Likely to Ramp Up Student Loan Repayment Benefits
While not a traditional topic for retirement specialist advisers to speak about, experts agree that student loan repayment benefits are a powerful boon to financial wellness programming—and a...
Americans on Track to Replace 64% of Income in Retirement
Participants who work with a traditional or online adviser are on track to replace 116% of their income. Those working with any paid adviser, 91%, and those with...
Workers Want More Help with Retirement Planning
One-third of North American workers surveyed said their employer does not offer retirement education or coaching.
Employees Voice Some Optimism About Automation Trends
A new analysis published by MetLife examines employers’ and employees’ attitudes towards automation and its role in the workplace—including how changes in technology could impact compensation and the...
Most Americans Do Not Know How Much Retirement Savings Is Needed
This is particularly high among Gen Z (69%), Millennials (64%) and Gen X (66%), a survey found.
Employees Accept Responsibility for Retirement Security
However, asked if they would prefer to be left to their own devices to invest or have their employer provide them a set retirement paycheck for life, 58%...
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Talking Points
Dismal Outlook for Millennials 67% Fear they will outlive their savings 47% Think they will be unable to retire when they would like 34% Participate in a retirement...
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Retirement Income Options
Helping sponsors sort out what’s best for retiring workers
More Saving for Retirement, but Few Confident It’s Enough
Bruce McClary, vice president of communications at the NFCC, said men have the highest levels of financial confidence, but are less likely than women to reach out for...
Fear Keeps Millennial Women from Investing in the Markets
However, they are very responsible with their budgets, with 53% having an emergency fund
Americans Unsure How Long Recovery From Stock Market Volatility Would Take
A survey also revealed that among those Americans with access to using retirement savings vehicles, only 46% say they are contributing as much as they would like.
Millennials Doubt Happy Retirement Will Exist
The majority believe they will have to work much longer than previous generations, Prudential learned in a survey
One in Five Working Americans Are Not Saving Any Money
They say regular expenses are keeping them from doing so, Bankrate.com found in a survey.