A new LIMRA study finds workers who choose to pay down debt over saving for retirement fall way behind their peers by age 65.
Data and Research
Research from TIAA-CREF shows a persistent focus on short-term returns leads to poor decisionmaking.
A survey from Standard & Poor’s finds only 57% of U.S. adults are financially literate.
Gen X’s second-biggest obstacle is saving for their children’s education.
An unwillingness to sacrifice things they believe add to their present quality of life is one of them.
EBRI research shows household income is not a good indicator of how spending will shift in the early years after retirement.
Confidence based on subjective assessments instead of real-world planning can threaten the security of a person's retirement, LIMRA researchers note.
The Employee Benefit Research Institute has been conducting “value of benefits” surveys for 20 years to determine the relative importance of different benefits to workers—with one consistent winner.
Men are likelier to have a kick-back-and-relax attitude about saving and investing, where women exhibit higher levels of anxiety.
Allianz Life Insurance Company says Generation X has their “heads in the sand” when it comes to planning for retirement.
A new ICI study finds nearly one in three Millennial households owns mutual funds.
Lower account balances, longer life expectancy and not working an adviser can wreak havoc on a woman’s Social Security benefit.
An RBC Wealth Management poll finds a majority of Americans don’t believe promised Social Security benefits will be there for them.
HealthView’s research indicates that current income replacement ratio-based calculators fail to suggest sufficient income for retirees to afford quality health care and maintain their planned standard of living in retirement.
Millennials admit to a retirement-planning strategy of blind guesswork.
Establishing realistic expectations about life expectancy and the amount of money needed is key to a successful plan for retirement.
About two-thirds surveyed believe they will need less than $1 million in today’s dollars in order to retire, or aren’t sure how much they will need.
Just 20% of those who have retired say they’ve saved enough.
The majority of workers surveyed say such a program would be good for them, but a significant number still would not save or save enough.
But only three in 10 have addressed the issue.