SURVEY SAYS: Annually Increasing Retirement Savings
We covered a survey which found 28% of Americans are saving more for retirement this year compared to last year.
Tag: retirement savings
Missing Retirement Plan Participants Fare Better Than Those Who Cash Out
Despite intense DOL activity surrounding missing retirement plan participants, at least those participants’ retirement savings are preserved, say executives at...
Gen X and Gen Y Making Sacrifices to Save More for Retirement
Many Gen Xers and Gen Yers deferred 90% or more of the Internal Revenue Service (IRS) maximum allowance for contributions...
Americans Continue to Increase Retirement Savings
Those who did not increase their retirement savings cited stagnant income, other financial priorities, increased household expenses and an unexpected...
Why Is It Recommended to Save 15%?
Most retirement experts currently recommend saving 15% of annual income. “There is mathematical backing to what we suggest,” says Roger...
LendEDU Suggests Millennial Spending Habits Won’t Harm Their Retirement
While 27% of Millennial Americans allocate more cash towards coffee than retirement savings, most save an average of $480 per...
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Barry’s Pickings: Borrowing to Save
Michael Barry, president of October Three (O3) Plan Advisory Services LLC, provides the math for why it makes sense to...
Half of Retirement Savers Think They Are Behind
Ninety-eight percent wish there was a way to make up for lost time, but 63% say they cannot take the...
Many Millennials, Gen Xers Don’t Expect to Receive Social Security
Yet, a significant number are not saving for retirement at all.
Student Loan Size Does Not Hinder 401(k) Participation
However, a brief released from the Center of Retirement Research shows retirement wealth accumulation is affected by having student loans.
Many Americans Prioritize ‘Wants’ Over Saving
Four in ten Americans (40%) admit that they have tapped into their savings to pay for something that they really...
Only 20% of Workers Believe They Are Saving Adequately for Retirement
On top of this, more than three in four worry Social Security could be extinct by the time they retire.
PSNC 2018: Making Sense of Big Data
Retirement plan sponsors have access to a plethora of data that can help them in making plan design and participant...
PSNC 2018: Helping Participants Maximize Their Savings Opportunities
Addressing employees’ financial issues can help them free up cash to save for retirement, including long-term health care costs.
Male Millennials Have 34% More Saved Than Their Female Counterparts
The women are also far more risk-averse, PNC Investments learned in a survey.
Millennials Say They Are Savers
But, TD Ameritrade finds only 38% are saving for retirement.
Most Americans Have Not Figured Out How Much is Needed to Retire
Among those who have made an estimate, the median amount is $650,000, Bankrate.com learned in a survey.
Market Volatility Causing Retirement Savings Concerns
If an additional major drop in the market were to cause an extreme monetary loss, 38% of respondents to an...
Americans Reflect on How Stock Market Volatility Will Affect Plans to Retire
Six in ten (61%) survey respondents are simply not sure how long it might delay their ability to save for...
Savings Is Decreasing Number of Americans in Lowest Asset Group
A report from Hearts & Wallets also reveals the market for existing income management tools for new retirees is 3.5...