Workers under the age of 35, the generation most likely to depend almost solely on defined-contribution plans rather than the typical Social Security-savings-pension three-legged model, need to be diligent if they expect to save enough for retirement, a report by Northern Trust found.
Cerulli Associates announced that total assets in the U.S. retirement market, including public and private defined-contribution, defined-benefit and individual retirement account markets, increased 9.6% in 2010 to $15.8 trillion.
More than one-third of the defined-contribution plan market is made up of small and mid-size plans, Cerulli Associates announced Thursday. The report notes that sponsors in this sweet spot have been underserved for years, opening opportunities to catch their business for recordkeepers, advisors, and third-party administrators who are able to...
The "Managing Retirement Decisions" series suggests consumers carefully time their retirement, as well as avoiding all solicitations on financial products and ignore their friends' and families' well-intentioned financial advice.
Lincoln Trust Co. last week released a report on six megatrends that would affect the retirement plan industry in 2012, including the new fee disclosure legislation and changing fiduciary standards.
In a move that may be a bad sign for the economy, Americans are spending more, and raiding their savings, college and retirement accounts to do so even as they take on more credit card debt.