Market Downturn May Drive Millennials to Cash Out Retirement Plans
New retirement research shows that plan participants are increasingly growing frustrated in today’s market.
Tag: retirement savings
Trends
Buy Now Pay Later
Even if plan participants can pay their items off in time, will they really pay later, after they’ve overspent and...
Researchers Reveal Way Advisers Can Encourage Retirement Savings
Research looked at the impacts of framing future moments in time as opportunities to save for retirement
Employee Debt and Financial Wellness Education a Hotspot for Employees
In addition to deciding whether to save for retirement or pay down debt, employees should think about how much they...
Retirement Plan Adviser Boosts DC Plan Outcomes with Common ‘Cents’
Penny framing has been shown to boost DC plan outcomes, in research and practice, and can help low-income participants save...
State-Facilitated Retirement Savings Programs Helping Close Savings Gap
A recent webinar gave state governments the opportunity to share updates on their progress in implementing q state-facilitated retirement savings...
Only One-Third of Households Report Having a Written Financial Plan
Research found written plans are associated with higher savings and bigger emergency funds.
Legislative Retirement Reforms Over 25 Years Might Have Primarily Benefitted Wealthy Individuals
A University of Virginia law school professor examines the impacts that policy changes, which intended to boost retirement savings, have...
Increasing Exposures to Private Equity Boosts Retirement Security
EBRI research shows the impacts on participants’ retirement security of replacing TDF equity exposures with private equity allocations for participants...
Without a Financial Plan, U.S. Workers Grapple With Debt
Meanwhile, the IRI says most workers nearing retirement haven’t saved enough.
T. Rowe Price to Integrate HSA Offering With Recordkeeping Platform
The integration will give participants the ability to view and manage their retirement and health savings accounts holistically.
Bill Would Require Employers to Contribute to Workers’ Savings
The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker for every hour worked, or more than $1,000...
Plan Design, Education and Advice Can Improve Participant Retirement Savings
Defined contribution plan participants and non-participants surveyed by Natixis shared incentives that would encourage them to save or save more for retirement.
Stretching the Match May Produce Unintended Consequences for NHCEs
A Vanguard study focusing on non-highly compensated employee (NHCE) behavior finds higher match thresholds are typically associated with lower plan participation and lower employee contribution rates.
Many Americans Prioritize Emergency Fund Savings Over Retirement Savings
Individuals polled by First National Bank of Omaha also shared reasons they do not have as much savings as they'd like.
Promotional Materials for America Saves Week Available
The Employee Benefit Research Institute (EBRI) and the American Savings Education Council (ASEC) offer an online digital toolkit.
Senate Committee Fields Suggestions for Promoting Savings
Hearing witnesses discussed conducting a comprehensive review of the American retirement system, allowing for open multiple employer plans (MEPs), and changing certain defined contribution (DC) plan rules to...
Guardian Foresees Student Loan Repayment Programs Taking Off
Fifty-two percent of late Boomers say college debt is a major impediment to meeting their financial goals, while 38% of early Millennials and 32% of later Millennials say...
Military Families Working With an Adviser Have Far More Saved
They have more than $260,000 saved, compared with $82,000 for those without an adviser.
Researchers Find Impatience and Financial Literacy Affect Retirement Savings Decisions
The researchers say their results imply that it may be useful to facilitate decision making, particularly among the less-educated, as well as to facilitate people committing to and...