The current market volatility and lower expected market returns shouldn’t warrant a change in retirement savings strategies for most workers, according to research from T. Rowe Price.
“However, older workers, especially those close to retirement, will have less time to recoup lower returns and may need to make up that ground by increasing their savings,” the company said in a press release.
The firm found that 401(k) plan participants on the whole have been staying the course. During the first half of the year, more than 95% have not made any investment exchanges, and fewer than 1% of those fully invested in target-date funds made any investment changes.
The firm continues to suggest that workers save at least 15%, including any employer contribution, of their annual salary for retirement. It suggested that those close to retirement but unable to meet their retirement savings benchmarks might consider delaying retirement for a year or two, taking part time work in retirement or making spending adjustments.
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
