Search results for: Millennials
Editor’s Letter
Drawing Attention
Celebrating the good works of advisers who give back to their communities
Time to Humbly Brag
I am pleased to roll out a new PLANADVISER initiative that I think is long overdue: Advisers Giving Back.
To Succeed, Financial Wellness Programs Need Personal Touch
Financial stress is on the rise in all generations, indicating that financial wellness programs are missing the mark, according to PwC. A new survey report from the firm...
Advisers Can Help Solve the Economics of Aging
The existing retirement system was conceptualized at a time when there were just 15 to 20 people living in retirement for every 100 workers.
Tackling the Industry’s Diversity and Inclusion Problem
Even though African Americans make up about 13% of the United States population, the U.S. Bureau of Labor Statistics reports this group accounts for only about 7.6% of...
Sponsors Seeking Advisers with CIT, ESG Expertise
Many retirement plan participants want to deploy their values in their portfolios, as do portfolio managers; advisers can help make this happen.
Talking Points
Talking Points
Future Fears, by Gender Fear they will outlive their assets Expect to face significant health care costs Think they will incur long-term care costs Source: LIMRA-SRI From an...
Trendspotting
HCEs Gain from Workplace Advice
Retail and retirement plan advisers each have a different expertise
Data Points
Company Matches on the Rise
More than 2/3 of employers now sweeten the pot to help workers save
Interest Picks Up in Student Loan Repayment Programs
Yet, it’s important to first gauge employees’ interest in such programs, a Willis Towers Watson expert says.
Financial Regrets Voiced by Majority of Americans
Millennials bemoan their student loan debt loads while Baby Boomers voice the most regret about not saving for retirement earlier, according to a Bankrate.com survey.
Participants’ Satisfaction with Providers Continues to Decline
NARPP says that if retirement plan participants trusted their providers more, it would likely lead to higher deferral rates.
Average Self-Directed Brokerage Account Jumped 8.7% in Q119
The large increase, rising to an average of $267,609, was due to the improvements in the market, Charles Schwab says.
Financial Stress Flows Up and Down the Generations
A new TIAA survey suggests Americans who are concerned about their parents’ financial security are more likely to feel stress about their own retirement preparedness.
Average 401(k) Account Balance Has Soared 466% in Past 10 Years
Fidelity analyzed the balances of those who remained invested in their 401(k) in the decade following the Great Recession of 2008 and found that the balances went from...
How Does Recordkeeper Consolidation Affect Plan Advisers?
Ongoing recordkeeper consolidation means fewer providers from which to choose, but sources disagree about whether this will significantly change the adviser experience or not.
Wells Fargo Suggests Generational Approaches to Retirement Saving
Because people are living longer, healthier lives, the Wells Fargo Investment Institute has suggested different ways that Millennials, Generation X and Baby Boomers can successfully save for retirement.
Majority of Americans Unsure of Their Retirement Future
The reason is primarily because they have not created a comprehensive, written plan, according to Fidelity.
There’s an Untapped Market for ESG Investing
More investors than research has shown are interested in environmental, social and governance (ESG) investing, but most don't speak out, and many need education to help them invest...
Many Parents Sacrifice Retirement Savings to Fund Adult Children’s Lifestyle
Overall, 50% of parents have cut back on their retirement savings to help their kids out.