Investments | Participants
Wealth Transfers on the Horizon
Emerging affluent investors may reshape some advisory shops.
Tag: Gen X
Gen X Participants Are Even More ‘Sandwiched’ After COVID-19
However, there are several helpful actions and concepts that advisers can bring to the table.
PLAN DESIGN | Demographics
Through the Ages
How well is each generation faring in its climb toward retirement readiness?
Employees More Focused on Financial Planning Related to Life Events
Employees surveyed said their ideas and feeling about money varied greatly throughout each life stage, and 40% identified more with others who are going through similar life events...
Gen Xers Feeling Financially Squeezed
They have mortgages, second homes, kids going to college and elderly parents. They’re even thinking about long-term care policies.
Gen Xers Less Likely to Have Any Type of Retirement Plan Than Boomers
It remains to be seen whether or not Gen Xers can change their savings and spending habits to catch up, EBRI says.
Generation X in Most Precarious Retirement Readiness Situation
Defined contribution (DC) plan design and financial advice can help Generation X, who lacks financial stability and is falling short in retirement savings, improve retirement preparedness.
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.
Americans Expect Financial Security to Be Elusive in Retirement
Among all age groups, 76% think people in their generation will have a harder time achieving financial security in retirement than their parents, the Transamerica Center for Retirement...
Trendspotting
Female Gen Xers at Risk
The singles in that group trail Generation X and Boomers in savings
Debt Weighs Heavily on Millennials
They may be grappling with debt for decades to come, according to Nationwide Advisory Solutions.
Gen Xers Should Consider Sequence of Returns Risk
The recent bouts of equity market volatility highlight the importance of balancing portfolio growth aspirations with the need to protect...
Among Gen Xers, Females Face Greater Retirement Uncertainty
According to an analysis from the Employee Benefit Research Institute (EBRI), single Gen X females are the only cohort with at least 50% of households having a deficit.
Baby Boomers Far More Confident About Retirement Than Gen X
Three-quarters of Baby Boomers think they will have enough money to live comfortably during retirement, but only 35% of Gen Xers share this optimism.
Millennials the Most Likely to Own Mutual Funds in Their Retirement Plan
Nearly half owned their funds only through their employer-sponsored retirement plans, according to the ICI.
Women Plan to Take Steps to Make Their Money Grow
However, only 24% of women say they are comfortable with their knowledge on investing, Fidelity Investments found.
Millennials the Most Motivated to Develop a Financial Plan
Twenty-nine percent say financial planning makes them feel “excited and inspired,” a survey by Northwestern Mutual found.
Half of Millennial Business Owners Work With a Retirement Adviser
This is true for only 43% of all business owners.
Intro
Best Interest in Mind
Plan sponsors are likely to ensure that advisers are keeping participants' best interests in mind when recommending rollovers, even though the fiduciary rule has been vacated.