Passive target-date funds remain a popular choice for many defined-contribution plans, often driven by the generally lower fees associated with these funds. While intuitively it may feel as if “lower cost” naturally translates into a more prudent option for plan participants, the reality is this may not always be...
Millions of people are facing retirement without enough income to live comfortably and may struggle to address the issue. A proprietary model that looks at retirement readiness has been created by Vanguard for its inaugural retirement readiness report, in which it calculates rates of what it calls ‘sustainable replacement income’,...
A bill recently approved by the House Ways and Means Committee would nearly double the annual limits on contributions to health savings accounts — a measure that opponents said will only provide a bigger tax perk for the wealthy. The HSA Modernization Act the committee passed last Thursday would bump...
When it comes to the different risks that surround retirement planning, advisors tend to focus on market risk. However, there are two more that shouldn’t be ignored: longevity risk and sequence of return risks. These were among the takeaways for attendees at the recent RIA LABS webinar, Fee-based Insurance &...
A recent webinar brought together advisors and experts to talk about fee-based annuities. As it turns out, annuities have grown and are helping RIAs to meet demands. “Annuities have proven to be a more efficient means of generated income,” said Sam Dittberner, vice president and RIA relationship manager at Allianz. “When...
While student loan debt is a concern for Americans of all ages, for those approaching retirement still burdened with repayments from their younger years is particularly worrying. A new report reveals that 13% of the 64 million Gen Xers in the U.S., roughly aged 42-58 years, have student loan debt...
When it comes to saving up for health care costs, 36 million people are thinking about their medical expenses. That’s according to Devenir, a provider of investment solutions for health savings accounts, which released the findings of its semiannual study last week. Its health savings account survey found that HSA assets...
Saving for retirement is proving challenging for many American workers who are concerned that they are behind schedule. For more than one third of respondents to a Bankrate.com survey the target is to save at least $1 million for their retirement (13% say $1-2 million), but even for those aiming...
Recent market volatility is causing concerned clients to phone their RIAs with worries about whether they will be able to retire as planned. With the largest cohort in American history turning 65 in 2024, a new study shows the calls — and the anxiety — are only going to...
Digital record keeper Vestwell continues to grow as program administrator for state retirement plans. On Tuesday, New Jersey announced that it selected Vestwell to run its Secure Choice Savings Program, a plan designed to help private-sector employees save for retirement. The partnership, which is Vestwell’s seventh state-facilitated retirement program,...