Retirement Trends

Pre-retirement withdrawals is the single biggest factor causing wealth disparities, plus the fact 57 million American workers do not have access to a retirement savings plan at work, according to a recent Morningstar webinar.

401(k) performance is unlikely to be materially impacted by either a Republican or Democratic victory in November, according to ShareBuilder 401k, which launched a survey of small business owners, whose top concern is inflation.

Sixty-five percent of millennials say they are completely in control of their finances compared to 54% of Gen X and Y employees.

The good news is that 79% of workers plan to stay at their job for the next year, however, employee work/life balance is a key concern, according to a new Bank of America survey.

T. Rowe has launched a 5-dimensional (5-D) framework to offer plan sponsors a standard language to understand how different income solutions require participant tradeoffs to meet individual objectives.

DFAs can be part of the retirement income solution, since they give workers the power to choose whether to convert some or all of the savings to income benefits.

With 90-plus provisions, SECURE 2.0 is a complex piece of legislation, and there is still some confusion among plan sponsors about tax credits to cover administrative costs, as well as which provisions are optional or mandatory.

Working longer is one of the most powerful tools to improve retirement security, however, employers need to help employees deal with emergency funding needs outside of reducing their retirement savings, says a new report.