A report from Hearts & Wallets also reveals the market for existing income management tools for new retirees is 3.5 million households.
Tag: retirement savings
Expenses are cited as the main reason why they are failing to save anything, Bankrate.com found in a survey
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.
Of all factors, salary was found more likely to encourage savings both an HSA and 401(k).
We recently covered a survey in which Americans reported an average bump in take home pay of $130.76 as a result of tax reform. Nearly 13% indicated they are going to use that money to save more for retirement.
It will only take a few pay cycles for folks to get used to seeing the extra money come in; thus the impetus is on plan sponsors to act today to directly encourage employees to consider putting some or all of their additional take-home pay into the retirement plan.
Many may need to set up an emergency fund or pay off debt first.
The number of 401(k) savers with at least $1 million in their 401(k) increased to 150,000 at the end of 2017, up from 93,000 a year ago.
Nearly six in ten believe saving for retirement is a basic necessity, like food or housing, a survey from Allianz Life found.
The majority of Gen Xers surveyed by T. Rowe Price reported they receive advice through their employer.
The campaign is aimed at educating policymakers and the American public about making saving easier for Americans of all ages, helping retirees transform their savings into a lifetime of income and saving the Social Security system.
The firm’s first white paper shows how effectively managing health conditions can save money for employees, and if that savings is invested in retirement plans, generate more income in retirement.
Among all respondents to a Fidelity Investments survey, 43% plan to increase their retirement savings by 1% or more of their salary next year.
Industry veteran joins Meeder as SVP; PGIM Investments appoints chief marketing officer to drive global expansion; FS Investments hires national sales manager to oversee sales professionals; and more.
Overall, the need to save more tops the list of reasons for limiting spending for the second consecutive year, Bankrate.com found.
Voya Financial says plan sponsors should not be intimidated about raising default savings rates.
Michael Barry, president of the Plan Advisory Services Group, discusses what is at stake for retirement savings in tax reform.
Research from the NIRS found millions of low- to moderate-income individuals have been unable to use the credit because they lack access to a qualified retirement plan.
Although 58% of Millennials surveyed said they are saving enough for retirement, 46% say they have significant debt, and 53% say they will “never be comfortable investing in the market.”