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...
Retirees Found Some Expenses in Retirement Higher Than Expected
In addition, a survey finds, some Baby Boomers delayed retirement because they were facing significant health care costs.
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Many People Have Withdrawn From the Markets Following ’08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.
Debt in Retirement Affects Confidence
Only half of retirees with debt are confident they will be able to live the lifestyle they want, but 70%...
Consumers Not Receptive to Employer-Provided Retirement Planning Resources
Yet, retirement savings accumulators, especially younger ones, are seeking help more than five years ago, research finds.
Americans’ Debt Could Be a Serious Impediment to Retirement Savings
People are carrying an average debt load of $140,113, GoBankingRates.com found in a survey.
Not-for-Profit Plan Sponsors and Participants Could Use More Lifetime Income Education
In-plan lifetime income options are offered by more than half of not-for-profit plan sponsors surveyed, but among those that don't,...
Singles Have More Retirement Concerns Than Married Couples
Single people are saving less and more worried about being secure in retirement than their married counterparts, a survey finds.
August Uptick in Trading Favors Fixed Income
The majority of outflows from retirement plan participant accounts came from U.S. equities and company stock, despite powerful stock market...