Search results for: Millennials
DC Prevalence Magnifies Importance of Education
It’s not just a U.S. phenomenon: longer lives and the rise of defined contribution plans are creating a global need for deeper knowledge about personal savings and investing.
Few States Meet Income Replacement Benchmark
Just three states can boast a median retirement income figure above 70% of the median working wage in the state, a new Bankrate.com study shows.
Examining Financial Wellness Needs of Each Generation
Research has found that improvement in financial wellness improves retirement savings, but each generation has different needs and learning styles.
Taking the Pulse of Top-Performing DC Advisers
The strongest-performing advisers are leading the way on aggressive plan design, embracing re-enrollment, stretching the match and making sure plans work for participants as they’re designed to.
What Does 'Self-Service' Mean to Investors?
New polling from J.D. Power explores the similarities and differences among groups of “self-directed” investors.
Most Americans Have Financial Regrets
Those ages 65 and older feel the most regret about not saving early enough for retirement, while Millennials wish they had a bigger emergency fund.
Boomer Clients Still Eyed Eagerly by Many Advisers
It’s a simple formula that keeps more than half of advisers primarily targeting Baby Boomers: They have the most money saved and are the most in need of...
Millennial Women’s 401(k) Balances Are Half of Men’s
Fifty percent of Millennial women think they will have to reduce their standard of living in retirement.
Auto Roll-Ins Should Complement Auto-Enrollment
About half of participants cash out of IRAs their small balances are rolled into, and by not rolling these assets into new plans, they are losing the benefit...
Being a Millennial Financial Adviser
If a client at age 65 is hesitant to work with an adviser who is much younger than they are, what’s going to happen in 10 years? Or...
Employers Increasingly Interested in Financial Wellness Programs
There are several different approaches they can take.
Majority of Millennials Receive Financial Support From Parents
The younger generation wants help with financial planning and investing, but tends to rely on friends and family for advice rather than working with an adviser.
Presidential Candidates Need to Address Aging and Retirement
Candidates should focus on averting elderly poverty, health issues of the elderly and eliminating ageism, among other things, says Ken Dychtwald, CEO of Age Wave.
Americans Losing Sleep Over Finances
Americans are the most concerned about retirement costs and the least worried about credit card debt, a study finds.
Gen X, Millennials Have Fears of Unknowns for Retirement
Retirees surveyed stressed to pre-retirees the importance of professional financial advice when planning for retirement.
Millennials Have False Sense of Retirement Security
Millennials feel hopeful about retirement, despite the fact that many of them haven't saved at all or don't know their net worth.
Lack of Emergency Savings Tops Financial Concerns
Employees are also worried about not being able to retire at the age they want and being laid off, according to a PwC survey.
Millennials View Retirement as a New Chapter in Life
Many are looking forward to it with excitement.
Miscommunication Common When Discussing Inheritance
Many wealthy families avoid discussing money and inheritance, a survey finds.
Lincoln Launches Video Series for Women
The videos aim to get women involved in financial planning and focus on topics such as choosing the right financial adviser.