Peg Knox, chief operating officer of DCIIA, points to both the coverage gap and retirement income adequacy as being top of mind; there is also a strong fee litigation focus, given how near and dear this topic is to both plan sponsors and service providers.
Tag: Retirement Readiness
The framework helps retirees address basic living expenses, establish a contingency reserve, account for discretionary expenses, and structure a legacy.
Bruce McClary, vice president of communications at the NFCC, says its survey shows Americans of all generations are increasingly challenged by financial commitments.
The Insured Retirement Institute found 42% of Baby Boomers have no retirement savings, and industry sources say longevity and long-term care expenses are often not considered when Baby Boomers plan for retirement.
Six in ten (61%) survey respondents are simply not sure how long it might delay their ability to save for retirement should a large 6,000 point drop in the Dow occur.
For both sexes, becoming serious about saving for retirement doesn't usually happen until one's 40s or 50s.
Rather than rely on a simple 4% withdrawal rule, the new BlackRock model seeks to sustain the consumption pattern once labor income ceases.
Sixty-five percent have not budgeted for unforeseen health-related expenses.
A poll by LendEDU finds 46% of Americans would participate in a proposed program that would provide loan forgiveness to borrows who agree to delay eligibility to collect Social Security.
A new website launched by Principal seeks to help business owners and their advisers talk through the possibilities of creating an employee stock ownership plan as part of a broader ownership transition.
Research reveals that less than half of sponsors believe that employees are solely responsible for their own retirement savings and investing decisions, but greater than three-quarters of participants feel that they have sole responsibility for these decisions.
A study suggests that armed with good savings options and understanding of how to use them, Latinas could and would save for retirement.
When American workers were asked how helpful further education would be to achieve their goals, a large majority expressed the need for additional financial education.
More plan sponsors this year than last have voiced a concern that their workers may have to delay retirement; this is the case despite the fact that plan participants are broadly feeling much more optimistic.
With concerns about retirement readiness growing, sponsors are turning to automatic features, increasing their contributions, streamlining their investment menus and improving fee transparency.
The revamped website will present employees with “a more simplified and interactive experience,” the firm says, while featuring data-driven recommendations.
Nearly half of respondents to a LendEDU survey said they believe they will be able to retire sooner as a result of greater take-home pay due to tax reform.
A Prudential study finds 51% of retirees retired earlier than planned; with half retiring five years or more early.