Fidelity Sees Improvement of Retirement Readiness of Plan Participants
The firm's analysis found participants who also had HSA savings were more retirement ready than those who did not.
Tag: participants
Study Offers Suggestions for Improving Americans’ Retirement Confidence
“Eighty-six percent of employees say that if their employer improved benefits or added access to an investment plan, it would...
LGBT Workers Not Habitual Savers
However, U.S. LGBT workers rank the highest on the Aegon Retirement Readiness Index, compared to workers in eight other nations.
Financial Confidence Reaches Record High
In the fourth quarter of 2017, AICPA’s Personal Financial Satisfaction Index reached a record high in the 24 years the...
Two-Thirds of 401(k) Assets Held in Equities
However, at year-end 2015, for example, the ICI says participants in their twenties had 80% of their portfolios invested in...
Interest in Retirement Advice Increases Wtih Age, Account Balance, Contributions
TIAA also discovered that participants with web access are twice as likely to seek out advice as those without web...
Tax Bill Impacts Provisions of ERISA Plans
The bill does not impact tax breaks for retirement savings.
Many Investors Plan to Increase Retirement Plan Contributions in 2018
Forty percent plan to increase their deferral rate, up from 24% in 2016.
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Mutual of America Launches Social Media Campaign
The company has set up pages on Facebook, Twitter and LinkedIn to educate people about retirement
Loans, Suspended Deferrals Can Reduce Nest Eggs by as Much as 20%
The damage is worse for younger workers, as their savings time horizon is longer than older workers.
401(k) Fees Can Cost an Average Working Couple More Than $150K
For someone making $90,000 a year, that would jump to $277K, America's Best 401k says.
Work in Retirement Could Be an Elusive Goal for Many
Data shows that only 20% of people 65 and older were in the workforce in 2016, yet 56% of workers...
Recession Has Prompted Millennials to Be Financially Conservative
They are willing to cut back on going out or taking vacations in order to save as much as 50%...
Many Gen Xers Plan to Address Retirement on the Fly
Although credit card debt is keeping half of surveyed Gen Xers from starting to save for retirement, 63% say “everything...
Half of Employees Don’t Want Personalized Messages About Saving for Retirement
However, a survey found 53% of employees would like their employers to offer tools to help them improve their financial...
Many People Have Withdrawn From the Markets Following ’08
But 40% say the Great Recession has had no impact on their lives whatsoever.
Retirees Spending Only About 1% of Assets Each Year
More than one in three retirees actually see their assets grow, BlackRock and EBRI found.
Working Longer Could Boost Retirement Security
However, research finds workers with a lower socioeconomic status have a harder time staying in the workforce.
Less Than 1% of DC Plan Participants Took Hardships in the First Half of 2016
ICI also reports DC plan participants remained committed to investments and contributions.
Two-Thirds of Millennials Are Saving for Retirement
Sixty-four percent have financial goals.