Search results for: Millennials
Financial Help From Employers Desired by Majority of Employees
Feeling behind on retirement savings and facing debt, more than half of Americans polled said they wish their employer would offer financial help.
Written Financial Plans Help Americans Make Good Choices
Nearly three-quarters (72%) of Millennials developed their written financial plans with professional help, Charles Schwab finds.
Targeted Communication Driving Deferral Rates
Ascensus found that employees who decided to enroll in their employers’ retirement programs after receiving targeted communication deferred on average 6.24% of pay.
Analysis Reveals Drivers of DC Plan Health
Wells Fargo discusses best practices it found has improved the health of DC plans over the years.
Top Advisers Let Tech Do the Heavy Lifting
“Advisers who embrace technology—especially solutions to more efficiently handle tedious recurring client-service tasks—are going to be the ones who scale, grow and ultimately win.”
Financial Security a Prime Concern for Millennials
A recent study finds that out of all generation groups, Millennials are the most likely to choose financial security over vacation, cars and smartphones.
FIS Revamps Small-Balance Advice Solution
The new solution uses robo-advisory and automation technology from Trizic to enable FIS clients to cost-effectively manage smaller-balance accounts.
Framing the Financial Wellness Conversation for Reluctant Clients
One of the biggest drivers of a financial wellness program’s success is plan sponsor enthusiasm, experts agree.
ESG Used To Motivate Greater Savings and Mitigate Risk
For some segments of the employee population, access to environmentally and socially conscious investment options spurs a significant bump in savings rates.
Gender-Based Pay Gap Has Big Advice Implications
Prudential data shows fully 25% of women indicate that they don’t think they’ll ever be able to retire, compared to 14% of men.
Education Costs Put the Squeeze on Retirement Savings
Advisers say that parents should still consider their own needs, even when putting a child through college is a priority.
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Student Loans Stump Boomers
Thirteen percent of pre-retirees are paying back such loans
Americans Lacking Confidence in Retirement Savings
A new report by the Spectrem Group finds that several Americans lack confidence in saving properly for retirement, with the most concerned belonging to the Baby Boomer generation.
Investors Say Health Care Costs Biggest Threat to Retirement Security
Investors understand the value of getting financial advice; 76% of those polled say a financial adviser can help them achieve their financial goals.
Americans Equally Concerned About Volatility and Retirement Goals
Men are more concerned about short-term volatility than women.
Family Dynamics Can Bring Financial Dilemmas
Women with children are much more likely than men to see job disruptions and a loss in retirement savings, warns a new MFS survey.
High-Net-Worth Millennials Very Confident About Finances
Many are taking a proactive approach to managing their wealth.
Technology Redesigning Targeted Communication
DC plan providers are turning to cloud-based technology and other solutions to redesign communication geared toward different generational groups.
More Than Half of Employees Stress Out Over Finances
They spend a median of two hours a week, or 100 hours a year, taking care of finances while on the job.