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| Benefits & Administration |
| Many People Have Withdrawn From the Markets Following ’08 |
| Although 40% of people say the financial crisis of 2008 has had no lasting impact on their life, 42% say they now avoid the market and 46% have adjusted their spending and savings habits, Hartford Funds found in a survey. Millennials also have the least faith in the markets, with 48% avoiding the market altogether.Read more > |
| Retirees Spending Only About 1% of Assets Each Year |
| Research conducted by the BlackRock Retirement Institute and the Employee Benefit Research Institute (EBRI) found that after nearly two decades of being retired, the average retiree still has 80% of their nest egg intact. The researchers say this finding challenges long-held fears about retirees spending down their savings too fast. They also discovered that more than one-third of retirees continue to grow their assets late into life, “leaving considerable potential consumption on the table.”Read more > |
