However, around one-third say employer-provided benefits will be most important to them within the next 10 years.
Data and Research
A Lincoln Financial Group study revealed little participation rates in governmental defined contribution plans, compared to 401(k) and 403(b) plans.
This is setting their retirement savings back, with many investing in cash.
In addition, a survey finds, some Baby Boomers delayed retirement because they were facing significant health care costs.
This is true for members of administrative and investment committees alike.
Initially focused on advertising, company web pages are now a graphically vivid entrée to valuable information.
The spouse of a married retirement saver inspires one out of five financial planning conversations, and this is growing, according to Hearts & Wallets.
Among plans with both automatic enrollment and escalation, 70% have participants saving 10% of more.
They are willing to cut back on going out or taking vacations in order to save as much as 50% of their paychecks.
Facing several uncertainties in the health care industry, organizations are looking to revamp their retirement plans to attract talent.
Morningstar says the U.S. can learn from the UK.
Although credit card debt is keeping half of surveyed Gen Xers from starting to save for retirement, 63% say “everything will just work out” in their retirement years.
However, a survey found 53% of employees would like their employers to offer tools to help them improve their financial situation.
But 40% say the Great Recession has had no impact on their lives whatsoever.
More than one in three retirees actually see their assets grow, BlackRock and EBRI found.
However, research finds workers with a lower socioeconomic status have a harder time staying in the workforce.
New research shows that funding status has little correlation with a pension fund’s ability to pay its promised benefits, and NCPERS urges policymakers to stop trying to shut down public pensions.
ICI also reports DC plan participants remained committed to investments and contributions.
The first step, AB says, is to replace TDFs from recordkeepers with open architecture, next-gen TDFs.
Sixty-four percent have financial goals.