It's estimated that every year, $92 billion leaves the U.S. retirement system when job-changing participants prematurely cash out their 401(k) savings accounts.
Plan sponsors want to help their employees build emergency savings, and many recordkeepers have shifted to work toward that goal -- but the industry isn't in agreement on several factors.
So far, investors are anything but turned off by Fink's positions: They pumped a record $171.6 billion of new money into BlackRock in the first quarter.
More than eight in 10 say they have a plan to protect themselves from outliving their savings, according to the latest Advisor Authority survey from Nationwide Retirement Institute.
April is Financial Literacy Month. As the COVID-19 pandemic continues to impact our lives, many Americans are facing issues they couldn't have imagined…