Retirement Regulation

More than half of older women living alone — 54% — are either poor according to federal poverty standards or with incomes too low to pay for essential expenses. For single men, the share is lower but still surprising — 45%.

Understanding what advisors think about success and how these views differ between men and women can help firms better align their recruitment, training and business models for increased growth.

"Across all plans, we find that 58% of defined-contribution plan assets are invested in off-the-shelf TDFs. Off-the-shelf TDFs are not customized but are offered with the same glide path to multiple plans."

"Financial institutions must document the reasons that a rollover recommendation is in the best interest of the retirement investor and provide that documentation to the retirement investor," says WTW report.

"Individuals at all stages of their careers can benefit from educating themselves about the Social Security system and retirement planning and a trusted financial professional can help with that education," says Tina Ambrozy, senior vice president of Strategic Customer Solutions at Nationwide.

Retirees are facing challenges not seen in other generations. These challenges are creating risks when it comes to their retirement plan.

"There has been a meaningful reduction in state pension funded status. The number of states that were above 90% as of the end of 2021 was 17. We are projecting for 2022 that it's going to be down to just seven," says Anthony Randazzo, executive director of the Equable Institute.

A new study reveals that registered investment advisors and broker-dealers are more concerned than consumers about inflation, market volatility, and the odds of a recession.