Search results for: Millennials
Millennials Predict a ‘Retirement Inversion’
The vast majority of Millennials say they plan to work in retirement—while fewer than one in five of today’s retirees have ever worked for pay after initially leaving...
Millennials Get Good Start on Retirement Savings With Auto Enrollment
A majority of Millennials entering the workforce are enrolled in their employer’s plan and begin saving earlier in their career due to automatic enrollment, an analysis finds.
Retirement Is Americans’ No. 1 Financial Priority
But people give themselves a “C” when it comes to actually being prepared to retire.
More Importance Placed on ESG Investments by Millennials
The Millennial generation ranked ESG factors as equally important as investment outcomes when considering investments decisions, according to a survey.
Millennials Grasp Importance of Retirement Savings
More Millennials than Boomers think it should be a requirement.
Scorecard Reports Millennials Are Participating More in Retirement Savings
The key to the increase in engagement seems to be automatic and mobile enrollment.
Millennial Men and Women Have Different Retirement Outlooks
Women are more worried about their finances and willing to work with advisers.
Millennials Increasingly Saving for Retirement in Mutual Funds
Among mutual fund–owning households, more households headed by Millennials than Baby Boomer households held their funds only through employer-sponsored retirement plans, the Investment Company Institute found.
Presentation Matters With Millennial Investors
A new study finds that just 11% of Millennial retirement plan participants feel comfortable managing their investments themselves—yet many in the generation hesitate to pursue advice.
Student Loan Debt Affecting Retirement Readiness
An Aon Hewitt survey finds that not only is student loan debt affecting workers’ retirement savings but it’s also becoming an emotional burden.
Video Series Helps Women With Retirement and Financial Security
T. Rowe Price has released a seven-part, documentary-style video series created to help women navigate the unique challenges they face when saving for retirement.
The DC Income Challenge is Just Arriving
“From our perspective, the ultimate outcome in retirement is income,” says Jamie Ohl, president, Retirement Plan Services, Lincoln Financial Group.
Many Millennials Still Turn to Parents for Some Financial Assistance
Twenty-one percent are still living with their parents.
John Hancock Expands Open Architecture Platform for TPAs
John Hancock Retirement Plan Services aims to help plan consultants expand their business by shifting focus to TPAs.
Women Face Unique Retirement Readiness Challenges
Women are more likely to have earnings gaps in their careers, live longer than men, and face higher lifetime health care costs, making saving for retirement particularly challenging.
Student Loans Delaying Retirement Savings for Millennials
When asked how they would divert excess funds if student loans were hypothetically absolved, 31.68% of Millennials said they would save for retirement, according to a new survey.
Certain Elements Important to Financial Wellness Programs
An analysis by Fidelity found financial wellness topics and needs important to certain groups of individuals.
Millennials Eye Benefits Closely While Assessing Employers
Clients (or potential clients) should not underestimate the power of retirement and health benefits to attract and retain dedicated employees.
More Parents Are Saving for College
Their average balance has jumped from $10,040 last year to $16,380 in 2016.
Millennials Who Do Not Start Saving Soon May Never Catch Up
Given the likelihood of higher expenses coupled to weaker markets and slow-growing wages, one analysis suggests Millennials on average may need to save nearly a quarter of annual...