Retirement Trends

As oldest Gen Xers approach age 60, many are unprepared for retirement and concerned about outliving their assets, according to a Schroders survey.

So far, 17 states have passed laws to limit environmental, social and governance investing, and there have been over 150 bills on ESG investing in 37 states.

Gen Xers are increasingly turning to experts for financial guidance, with nearly four in 10 currently paying for advisor services, up from 29% just six months ago, according to a Nationwide study.

Access is just the starting point to help employees save for retirement – automated features play a critical role in moving the needle, according to the new Principal Real Life Retirement Journey survey.

Most employers understand the basics of annuities but need help getting conversational about them with employees, similarly to when target-date portfolios were first offered in 1994, according to TIAA's report.

Some of the biggest changes that employers must comply with will go into effect in 2025 – required auto-enrollment into new retirement plans, higher catch-up contribution limits, student loan payment matching and updates to long-term part-time worker retirement eligibility.