Industry Trends & Research
T. Rowe Price's new U.S. retirement market outlook examines three broad trends the firm suggests continue to shape the retirement outlook for millions of Americans who are saving and investing for retirement.
Specifically, the firm’s 2023 retirement outlook looks at the following:
Retirement...
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Despite ongoing market volatility and growing financial concerns, one area in which many plan participants have yet to put the brakes on involves saving for retirement.
Although average account balances decreased, data from Fidelity’s third quarter, 2022 retirement analysis suggests that...
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Litigator Jerry Schlichter has been sued…for a breach of fiduciary duty.
According to a report in the St. Louis Post-Dispatch, Schlichter (and his firm) has been sued by partner Roger Denton—the third name in St. Louis law firm Schlichter, Bogard and Denton—alleging he’s been cheated out of at...
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Effective communication is key to understanding to productive interaction — and third party administrators can attest to its importance, argued industry experts at a session of the 2022 ASPPA Annual Conference. John Iekel reports about their insights in MarketBeat.
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A U.S.-focused analysis of the 2022 Global Financial Inclusion Index, sponsored by the Principal Financial Group and conducted by the Centre for Economics and Business Research (Cebr), reveals a clear association between business size and what financial support businesses provide their employees...
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While it’s the celebration following a successful harvest held by the Pilgrims and members of the Wampanoag tribe in 1621 that provides most of the imagery around the holiday, Thanksgiving didn’t become a national observance until much later.
Incredibly, it wasn’t marked as a national observance...
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The academics are at it again.
In a paper provocatively titled “The Life-Cycle Model Implies that Most Young People Should Not Save for Retirement” no fewer than four of them take 48 pages to make that case. The “trade press” breathlessly intoned “Most Young People Should Not Save For Retirement...
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With financial pressure on U.S. employees piling up, the results of a new survey suggest that most employees want guidance from their companies to navigate inflation.
The joint survey by TalentLMS, Enrich and Tapcheck reveals that economic uncertainty caused by rising inflation and recession fears...
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Compared to their older counterparts, younger generations are demonstrating notable shifts in attitude about work, life and saving, taking drastic measures to bring balance to their lives, a new survey finds.
While Millennials and Gen Z are attracted to more flexible ways of working, they are...
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These are bracing times for retirement savers, and two recent reports offer a window into tensions savers feel and risks plan sponsors perceive and anticipate.
Economic uncertainty can breed slower progress in saving for retirement or even regression, LIMRA suggests. Even before the current...
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You may have missed it, but there’s been a bit of a “hub-bub” brewing on social media…about the impact of, and perhaps even the utility of, social media, writes Nevin E. Adams in MarketBeat. He offers some thoughts — and some tips.
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Both the House and Senate are scheduled to return this week for a lame-duck session, but the dust hasn’t settled yet on the elections and time is running short, including whether the SECURE Act 2.0 will cross the finish line.
Here’s where things stand and what is known so far.
In late...
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If you have turned on a TV, walked by a radio, driven down a residential street, gotten an unsolicited text or answered a phone (or more likely let it go unanswered) in the past month, you will, of course, be aware that our nation officially went to the polls.
I say “officially,” but of course,...
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Cybersecurity may feel like an unending purgatory of whack-a-mole. But an expert panel has offered some tips that can help lead one closer to the promised land of greater security.
“Cyber Cyphers: Tips, Tricks and Practice Shifts that Can Keep Your (Plan) Data Safe,” a session at an Oct. 25...
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Findings from a bi-annual survey of retirement plan decision-makers in the higher education sector show that the defined contribution (DC) plan is the No. 1 most important benefit for attracting and retaining talent.
What’s more, 90% also agree that a DC retirement plan helps attract high-quality...
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Employees increasingly are concerned about their household’s financial well-being and most describe their level of debt as a problem, which could affect their ability to save for retirement, a new survey finds.
Six in 10 employees (60%) are at least moderately concerned about their household’s...
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While a million dollars may sound like a lot of money, in reality, it’s only “table stakes” in funding a retirement that could last 25 to 30 years, a new report suggests.
Even before suffering losses in their 401(k)s and other retirement vehicles this year, high net worth individuals (HNWIs) were...
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While the 401(k) remains the top retirement savings vehicle for today’s workers overall, Gen Z and Millennial workers are more likely to seek out a wider range of resources, from investment options and vehicles to financial wellness tools and advice.
According to Schwab Retirement Plan Services’...
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With most U.S. employees financially stressed and worried about inflation, the ability to retire is now a top concern of employees, the results of a new study reveal.
In fact, the ability to retire is now the #2 concern of employees this year, behind only covering monthly
expenses, according to ...
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CAPTRUST Financial Advisors (CAPTRUST) has announced the addition of Patriot Pension Advisors (PPA) based in Foxborough, Massachusetts.
Founded in 2002, PPA supports sponsors of retirement plans, including 401(k), 403(b), and defined benefit plans. According to a press release, the firm oversees...
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