Pensions, in general, reduce poverty, and importantly, the anti-poverty impact of pensions is greatest for Black and Latino retirees, as well as for retirees without a college degree, says the National Institute on Retirement Security.
The retirement planning landscape needs to adopt a "more personal" approach to help people "navigate the unexpected," like job losses, caregiving and other financial hardships, according to a new Goldman Sachs report.
Automatic enrollment and automatic annual increases have driven participation rates in 401(k) plans held by Vanguard to an all-time high with record plan participation of 83% in 2022, according to a new report.
Nearly one out of every two Americans between 40 and 59 are using retirement savings to support their extended family and adult children, which is why plenty of preparation is key for this group, says a new survey.
As SECURE 2.0 takes root in retirement plans, employers now believe that DC plans should be vehicles for retirement income generation, as well as financial wellness offerings like emergency savings programs, says a new survey.
Retirement savings for Gen X is highly concentrated among top earners, however, the SECURE 2.0 provision for part-timers, which takes effect in 2024, could represent "meaningful change" for these workers, says a new report.
Employers should provide in-person group education meetings, as well as access to financial consultants and advisors to help employees make informed personal financial decisions, recommends a new survey.
Brokers are reporting healthy revenue growth in employee benefits, helped by strong labor markets and generally rising client payrolls, according to Moody's Investor Service.
Among the new law's 93 provisions are new mandatory rules for part-time workers, as well as an optional provision for employers to include a student loan/401(k) matching plan.
Rather than simply emphasizing the accumulation of assets, this new research-driven approach first determines whether an investor prefers safety-first or keeping their options open, according to new research.