Browsing Tag
Retirement Savings
125 posts
Retirement savings are the funds individuals set aside during their working years to provide income and financial security after they stop working. These savings can be held in accounts such as 401(k)s, IRAs, pensions, or personal investments. The goal is to build enough money to cover living expenses, healthcare, and lifestyle needs throughout retirement.
Talking DOL Retirement Saving Priorities with EBSA Head Lisa Gomez
Lisa Gomez joins the 401(k) Specialist Pod(k)ast to talk about topics including the high-profile rewrite of the conflict of interest rule, SECURE 2.0 and its ability to address the workplace retirement plan coverage gap, and what EBSA can do to help plan advisors, plan sponsors and participants make the most of 401(k) plans to save for retirement.
Participants Wing Retirement Saving Goals
Data from Escalent found 40% of participants admit to calculating their retirement savings off the top of their head
The Case for Retirement Planning ‘Guardrails’
A WSJ op-ed asserts that employers must set "guardrails" on investment options for optimized retirement planning outcomes
Retirement Savings Gap Could Create $1.3 Trillion Burden by 2040
New research from Pew finds Americans’ insufficient retirement savings could add a huge strain to state and federal budgets if the issue is not addressed
Retirement Savings See Slight Boost in 2023
The latest Bank of America 401(k) Participant Pulse report found average retirement savings rates increased in Q1
10 States Furthest From and Closest To Retirement Savings Benchmarks
New ranking identifies which states are furthest behind in saving what they’ll need to retire, and by how much
Employees Turn to Plan Sponsors Amid Inflation Impacts
Over half of employees say their employer has not offered financial wellness benefits or compensation following higher costs due to inflation, finds FinFit
Workers and Retirees Report First Dip in Retirement Confidence Since 2008 Recession: EBRI
Confidence in retirement savings fell from 73% in 2022 to 64% in 2023 among workers, and from 77% to 73% among retirees
Plan Participants Want ESG Investments: Natixis
Close to three quarters of survey respondents said they would engage with their workplace retirement plan if their employer offered investments in companies with good ESG practices
One in Five Americans Will Achieve $1.1 Million for Retirement Savings
A Schroders retirement survey reveals that despite more working Americans wanting to reach that million-dollar benchmark, few believe they actually will