Today's pre- and current retirees know they will face challenges but are willing to make adjustments, trade-offs and course corrections to improve their quality of life as retirement continues to last longer than ever, says a new report.
When employees receive ongoing financial coaching, most can make dramatic improvements to their finances, which is why financial wellness programs are one of the fastest-growing employee benefits, says a new survey.
Plan sponsors need to compare different options for delivering financial security to plan participants, including those that utilize insurance, according to new research from AllianceBernstein.
Millions of households will have to cut back on both luxuries and necessities in order to survive, according to The National Retirement Risk Index, which is based on the concept of income replacement.
The U.S. defined contribution system relies on new employers to create, on average, 44,000 plans per year to compensate for the more than 377,000 plans that closed from 2012 to 2021, according to a Morningstar report.
These disruptors appear to have the retirement industry "on the cusp of a major transformation that hasn't been seen since the introduction of the 401(k) in 1978," according to a new report from Principal.
Over half (55%) of these so-called "employment extenders" are interested in a guaranteed stream of income with regular payments to ensure they do not outlive their savings, according to a new report.
With market volatility the "new norm," 44% of employees plan to work after retirement out of necessity, as investors and advisors are rethinking what post-retirement life now looks like. according to a new report.
There's a clear correlation between inflation and Americans' delayed or altered retirement plans, but 61% believe their retirement situation will improve in 2023, says a new survey.
Advisors can help retirees and near-retirees improve awareness of protected income options that can align retirement lifestyle expectations with today's inflationary times, says a new report.