Retirement Trends

Even while the Supreme Court is deciding the fate of President Joe Biden's blockbuster SAVE student loan program, he announced today another $1.2 billion in student loan forgiveness, bringing the administration's total to nearly $169 billion.

Nearly two in five (37%) of Americans can't afford an unexpected expense over $400, and almost a quarter (21%) have no emergency savings at all, according to a new Empower survey.

Financial wellness programs are a vital part of the overall retirement discussion because financial stress has long-term implications for employees and employers, according to a panel of retirement industry experts.

Eight different surveys – conducted by AARP, Goldman Sachs and the Employee Benefits Retirement Institute, and others – show that retirement anxiety ranges from a high of 71% to a low of 32%.

The American Council on Life Insurers and eight other insurer groups are still seeking an injunction against the Department of Labor's controversial new Retirement Security rule, set to go into effect September 23.

The Retirement Savings for Americans Act is attempting to boost retirement security for millions of low- and middle-income workers, but opponents say it could "crowd out" the private, employer-based retirement savings system.

Economic uncertainty has changed retirement expectations, which is why financial professionals should seize this opportunity to reinforce the importance of a long-term plan, as well the value of annuities, says a new survey.

Sixty-five percent of Americans with an advisor say they feel financially secure, compared to just 29% without one.