Natixis identifies interest rates, longevity and climate change as the three pressing risks affecting retirement in the U.S.
Tag: Retirement Readiness
Struggling with debt and budgeting, Gen Xers are in their prime earning years, they are getting close to retirement and they are taking care of both their children and their parents.
Educating employees about the power of time on their savings, encouraging them to log into their retirement plan accounts and starting them at a higher deferral rate are some ways employers can help boost employees' retirement savings.
While employers may not want employees to work past retirement age, they also may not want to lose workers forced to retire early. Research suggests companies must be aware of how employee health can be negatively affected by the demands placed on them.
The offering "highlights a plan’s strengths, points out opportunities to make improvements and enables sponsors to take action within the application to make those changes," Kristin Andreski, with ADP, tells PLANSPONSOR.
People who work with an adviser are more likely to say they have clarity on balancing spending and saving for later and have a financial plan built to endure market ups and downs than people who do not work with an adviser, a study shows.
Being less optimistic than advisers about participants’ retirement readiness, plan sponsors also want guidance about alternative plan designs and cite increasing defined contribution (DC) plan participation as their biggest challenge, a Voya survey found.
PLANSPONSOR NewsDash readers weigh in on whether certain provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act will lead to improved retirement income adequacy for Americans.
Women have lower retirement savings and are saving less, and more women than men report planning to retire later because they'll need to, T. Rowe Price found.
Despite that, employees value financial wellness programs and Alight Solutions makes suggestions for improving them.
What role are employers playing in helping participants retire?
Originally conceived as a supplementary savings vehicle to complement pensions, 401(k) plans now form the core of many American’s hopes and expectations for the long-term financial future.
A study from the Federal Reserve finds people at different ages have a savings threshold for feeling they are on track for an adequate retirement, and for those in retirement, reported economic well-being varies substantially with the reason for retirement.
More than half of Americans are disappointed with their overall savings, according to a new Bankrate.com survey, including 27% who wish they had started saving earlier for retirement and 19% who lament not saving enough for emergencies.
A study shows Americans at least 45 years old who have not yet retired are struggling financially and falling behind in retirement savings, but defined contribution (DC) plan sponsors can help.
A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America.