Displaying 102 results
Allianz Life enters DC business with guaranteed income product
Former Voya, Nuveen exec Mike De Feo will head the company’s new business line.
Rescuing baby boomers’ retirements
Given their limited savings, current low interest rates and the ongoing rise in prices and out-of-pocket health care costs, most boomers need a financial lifeline.
Covid raises awareness, concerns about Social Security
71% of American adults worry that the program will run out of money during their lifetime and 19% say the pandemic has affected their plans to file for Social Security benefits, according to a Nationwide survey.
More than half of Americans say they are in financial recovery mode
Northwestern Mutual survey finds most respondents' financial planning is focused on the short term, with only 14% actively planning more than five years out.
Latest blow to 60/40 model is exodus of mom and pop investors
Savers are ditching the formula that's anchored retirement plans for more than half a century, after already low interest rates hit rock bottom during the pandemic.
Decumulation in an evolving interest-rate environment
Current low interest rates add to the stress of establishing a retirement strategy because the 'cost' of generating retirement income from a portfolio of stocks and bonds is now higher.
Black and Hispanic Americans still least prepared for retirement
While the annual Retirement Confidence survey shows Americans in 2021 had near-record-high confidence in having enough money for retirement, the survey also includes an analysis of the challenges Black and Hispanic Americans face in saving and preparing for retirement.
3 Social Security do-over options
Here are strategies that can be helpful for clients who have regrets over the timing of their Social Security claiming decision, whether they claimed early rather than holding out for a bigger check or waited longer than necessary.
Blanchett leaves Morningstar to head retirement research at QMA
His role will involve positioning Prudential’s investment arm for the retirement income challenge.
Surge in early retirements exposes inequalities among baby boomers
Older Black workers without a college degree are more likely to be forced to exit the labor market prematurely, a study shows.
T. Rowe Price introduces plan tool for retirement income
The goal is to help plan sponsors assess the possibilities more strategically
Social Security announces partial reopening of field offices
The agency has unveiled a new 'express interview' process to help people apply for original or replacement Social Security cards and submit necessary proof of identity in person. But it encourages the public to continue to submit applications online.
Fewer retirees are claiming Social Security at 62
But unemployment resulting from Covid could temporarily reverse that positive trend.
Soaring inflation likely to boost 2022 Social Security COLA
A senior advocacy group predicts benefits will rise 4.7% next year, based on the 0.8% increase in the April consumer price index.
Pershing expands fee-based annuity offerings for RIAs
The number of carriers on its RIA custodial platform increased to 20 from seven and the number of fee-based products rose to 70.
Retirement confidence resilient despite pandemic
The annual EBRI survey underscores workers' and retirees' optimism about the outlook for Social Security and Medicare.
Many affluent retirees reluctant to draw down savings
Some leading retirement experts are questioning whether advisers should rethink their assumptions about retirement spending when creating financial plans.
INmail: Delaying Social Security protects the younger spouse
To maximize benefits over the couple’s joint lifetimes, claiming her Social Security benefits early will likely result in the largest payout.
Third of near-retirees fail basic Social Security quiz
The level of knowledge is improving but the public still needs guidance on decisions about claiming benefits.
In-plan income is key to retirement security
Not having a retirement income solution within a DC plan is like having the pilots on a commercial flight parachute off midflight, forcing passengers to land the plane.
