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| Benefits & Administration |
| Americans of All Ages Worried About Retirement |
| Americans of all ages are worried about having enough money to fund their retirement, according to research by the Transamerica Center for Retirement Studies. Forty-five percent of Baby Boomers expect their standard of living will decrease in retirement, 83% of Generation X think their generation will have a harder time achieving financial security than their parents, and only 18% of Millennials are very confident about their future retirement.Read more > |
| Participants Could Use Managed Account Education |
| Fidelity Investments conducted a survey to find out why retirement plan participants value managed accounts and found that 48% appreciate the ongoing monitoring of their investments and 44% like the annual review. However, more education about managed accounts is clearly needed, as 39% who don’t use a managed account say they do not know how they work and 25% said not knowing enough about them is a major barrier to adoption. Once it is explained what a managed account is, 52% say it would be relevant to their needs and 52% say they would find the service useful. Read more > |
