A survey from AIG Life & Retirement found many people want to live to 100, but are concerned about their assets lasting that long; Robert Scheinerman, with AIG Retirement Services, offers suggestions for helping them prepare.
The Insured Retirement Institute also found that financial advisers and individuals are not considering the effects of health care costs and long-term care in planning for retirement.
Results of a survey from MassMutual can inform plan sponsors about approaches to take to help different cultural groups—and employees overall—achieve the best outcomes to match their expectations.
The report discusses the power of compounding, finding extra dollars to save, saving for college and retirement and managing debt, and provides asset allocation guidance.
MassMutual urges pre-retirees to calculate their projected income and expenses in retirement because although retirement plan balances are healthier than they were five years ago, they may not necessarily be sufficient to support the income needed for so many early retirements.
Although a majority of workers thought workplace financial well-being programs would be either very or somewhat helpful in better preparing or saving for retirement, fewer than half of workers thought debt counseling or budgeting help would be helpful, EBRI found.
Morningstar suggests individuals and their advisers must incorporate retirement age uncertainty in their retirement planning by focusing on saving.
However, a MassMutual study finds this group can use more education about other retirement planning issues.
In addition, a CareerBuilder survey found roughly one in four workers ages 55 and older (23%) said they do not participate in a 401(k), IRA or other retirement plan.
Compared to workers who feel very ready for retirement, unprepared workers show disappointment with the retirement information provided by their employers, a survey by the Indexed Annuity Leadership Council finds.
The latest Retirement Confidence Survey from the Employee Benefit Research Institute shows confidence in specific factors for retirement readiness is lower, and sources offer suggestions for how retirement plan sponsors and advisers can help.
A study points out the differences in women’s and men’s life journeys and challenges that should be considered in women’s retirement planning.
As an independent registered investment adviser, Greenleaf Financial offers a comprehensive planning package, which includes investment planning, retirement income solutions, estate planning and more.
The latest report from the Employee Benefit Research Institute says expectations of catastrophic health care expenses in retirement are likely flawed.
Data services supplied by Quovo will enable Empower to further provide participants with a comprehensive view of all their financial accounts from a variety of outside institutions.
Plan participants who are part of the special needs community now have access to information that can help address the unique planning circumstances they may face when preparing for the future.
My Total Retirement is designed to help an individual from the goal-setting stage at the start of the one’s career through a withdrawal strategy that’s implemented when their working years conclude.
Workers who are participating or have participated in an employer-sponsored retirement plan are more likely to have calculated retirement income needs and to have used more sophisticated tools for doing so, Pew finds.
A Prudential study finds 51% of retirees retired earlier than planned; with half retiring five years or more early.